Nuran Wireless Stock Market Value
| NRRWF Stock | USD 0.07 0 5.51% |
| 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' pink sheet 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.
| 09/05/2023 |
| 11/28/2024 |
If you would invest 0.00 in NuRAN Wireless on September 5, 2023 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 450 days. NuRAN Wireless is related to or competes with Boxlight Corp, Siyata Mobile, ClearOne, Mobilicom Limited, and SatixFy Communications. Nuran Wireless Inc., together with its subsidiaries, engages in the research, development, manufacture, marketing, and o... More
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' pink sheet 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 | (0.02) | |||
| Maximum Drawdown | 83.46 | |||
| Value At Risk | (13.64) | |||
| Potential Upside | 6.14 |
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 | 0.0082 | |||
| Jensen Alpha | 0.2899 | |||
| Total Risk Alpha | (1.46) | |||
| Treynor Ratio | 0.0083 |
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 appears to be out of control, given 3 months investment horizon. NuRAN Wireless has Sharpe Ratio of 0.0326, which conveys that the firm had a 0.0326% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for NuRAN Wireless, which you can use to evaluate the volatility of the firm. Please exercise NuRAN Wireless' Risk Adjusted Performance of 0.0082, market risk adjusted performance of 0.0183, and Mean Deviation of 2.66 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NuRAN Wireless holds a performance score of 2. The company secures a Beta (Market Risk) of -2.59, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning NuRAN Wireless are expected to decrease by larger amounts. On the other hand, during market turmoil, NuRAN Wireless is expected to outperform it. Please check NuRAN Wireless' maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to make a quick decision on whether NuRAN Wireless' current price movements will revert.
Auto-correlation | 0.38 |
Below average predictability
NuRAN Wireless has below average predictability. Overlapping area represents the amount of predictability between NuRAN Wireless time series from 5th of September 2023 to 17th of April 2024 and 17th of April 2024 to 28th 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 NuRAN Wireless price movement. The serial correlation of 0.38 indicates that just about 38.0% of current NuRAN Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NuRAN Wireless lagged returns against current returns
Autocorrelation, which is NuRAN Wireless pink sheet'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' pink sheet 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 pink sheet 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 |
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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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NuRAN Wireless pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NuRAN Wireless pink sheet over time.
Current vs Lagged Prices |
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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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NuRAN Wireless.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NuRAN Pink Sheet
NuRAN Wireless financial ratios help investors to determine whether NuRAN Pink Sheet 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 NuRAN with respect to the benefits of owning NuRAN Wireless security.