Nuran Wireless Stock Market Value
| NRRWD Stock | 4.29 0.00 0.00% |
| Symbol | Nuran |
Nuran Wireless '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 Nuran Wireless' otc 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 Nuran Wireless.
| 01/04/2025 |
| 12/30/2025 |
If you would invest 0.00 in Nuran Wireless on January 4, 2025 and sell it all today you would earn a total of 0.00 from holding Nuran Wireless or generate 0.0% return on investment in Nuran Wireless over 360 days.
Nuran Wireless 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 Nuran Wireless' otc 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 Nuran Wireless upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 22.69 | |||
| Value At Risk | (2.59) |
Nuran Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuran Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuran Wireless' standard deviation. In reality, there are many statistical measures that can use Nuran Wireless historical prices to predict the future Nuran Wireless' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (4.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuran Wireless' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nuran Wireless Backtested Returns
Nuran Wireless has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17 % return per unit of risk over the last 3 months. Nuran Wireless exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuran Wireless' Standard Deviation of 3.36, risk adjusted performance of (0.11), and Mean Deviation of 1.26 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuran Wireless' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuran Wireless is expected to be smaller as well. At this point, Nuran Wireless has a negative expected return of -0.59%. Please make sure to verify Nuran Wireless' maximum drawdown and day median price , to decide if Nuran Wireless performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Nuran Wireless has modest reverse predictability. Overlapping area represents the amount of predictability between Nuran Wireless time series from 4th of January 2025 to 3rd of July 2025 and 3rd of July 2025 to 30th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nuran Wireless price movement. The serial correlation of -0.5 indicates that about 50.0% of current Nuran Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 14.42 |
Nuran Wireless lagged returns against current returns
Autocorrelation, which is Nuran Wireless otc 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 Nuran Wireless' otc stock expected returns. We can calculate the autocorrelation of Nuran Wireless returns to help us make a trade decision. For example, suppose you find that Nuran Wireless has exhibited high autocorrelation historically, and you observe that the otc 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 |
Nuran Wireless 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 Nuran Wireless otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuran Wireless otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuran Wireless otc stock over time.
Current vs Lagged Prices |
| Timeline |
Nuran Wireless Lagged Returns
When evaluating Nuran Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuran Wireless otc stock have on its future price. Nuran Wireless 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, Nuran Wireless autocorrelation shows the relationship between Nuran Wireless otc stock current value and its past values and can show if there is a momentum factor associated with investing in Nuran Wireless.
Regressed Prices |
| Timeline |