Nrgene Technologies (Israel) Market Value
| NRGN Stock | ILA 345.00 0.00 0.00% |
| Symbol | Nrgene |
Nrgene Technologies 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nrgene Technologies' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nrgene Technologies.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Nrgene Technologies on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Nrgene Technologies or generate 0.0% return on investment in Nrgene Technologies over 390 days. Nrgene Technologies is related to or competes with Nice, WhiteSmoke Software, Photomyne. Energin .R Technologies 2009 LTD., a genomic big data company, provides computational tools to seed and food companies w... More
Nrgene Technologies Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nrgene Technologies' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nrgene Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.44 | |||
| Value At Risk | (5.87) | |||
| Potential Upside | 4.55 |
Nrgene Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nrgene Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nrgene Technologies' standard deviation. In reality, there are many statistical measures that can use Nrgene Technologies historical prices to predict the future Nrgene Technologies' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | 0.3031 |
Nrgene Technologies Backtested Returns
At this point, Nrgene Technologies is very steady. Nrgene Technologies has Sharpe Ratio of 0.0597, which conveys that the firm had a 0.0597% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Nrgene Technologies, which you can use to evaluate the volatility of the firm. Please verify Nrgene Technologies' Mean Deviation of 1.99, standard deviation of 3.01, and Risk Adjusted Performance of (0.04) to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Nrgene Technologies has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nrgene Technologies are expected to decrease at a much lower rate. During the bear market, Nrgene Technologies is likely to outperform the market. Nrgene Technologies right now secures a risk of 2.81%. Please verify Nrgene Technologies standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Nrgene Technologies will be following its current price movements.
Auto-correlation | -0.64 |
Very good reverse predictability
Nrgene Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between Nrgene Technologies time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nrgene Technologies price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Nrgene Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1964.09 |
Nrgene Technologies lagged returns against current returns
Autocorrelation, which is Nrgene Technologies stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nrgene Technologies' stock expected returns. We can calculate the autocorrelation of Nrgene Technologies returns to help us make a trade decision. For example, suppose you find that Nrgene Technologies has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nrgene Technologies regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nrgene Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nrgene Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nrgene Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Nrgene Technologies Lagged Returns
When evaluating Nrgene Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nrgene Technologies stock have on its future price. Nrgene Technologies autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nrgene Technologies autocorrelation shows the relationship between Nrgene Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Nrgene Technologies.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nrgene Stock
Nrgene Technologies financial ratios help investors to determine whether Nrgene Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nrgene with respect to the benefits of owning Nrgene Technologies security.