NAURA Technology (China) Market Value
| 002371 Stock | 415.68 2.71 0.66% |
| Symbol | NAURA |
NAURA Technology '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 NAURA Technology's 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 NAURA Technology.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in NAURA Technology on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding NAURA Technology Group or generate 0.0% return on investment in NAURA Technology over 180 days. NAURA Technology is related to or competes with Heren Health, Healthcare, Marssenger Kitchenware, Southchip Semiconductor, Impulse Qingdao, and Everjoy Health. NAURA Technology is entity of China. It is traded as Stock on SHE exchange. More
NAURA Technology 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 NAURA Technology's 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 NAURA Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.1013 | |||
| Maximum Drawdown | 15.93 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 9.8 |
NAURA Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NAURA Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NAURA Technology's standard deviation. In reality, there are many statistical measures that can use NAURA Technology historical prices to predict the future NAURA Technology's volatility.| Risk Adjusted Performance | 0.1156 | |||
| Jensen Alpha | 0.4266 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.1365 | |||
| Treynor Ratio | 1.18 |
NAURA Technology Backtested Returns
NAURA Technology appears to be very steady, given 3 months investment horizon. NAURA Technology has Sharpe Ratio of 0.16, which conveys that the company had a 0.16% return per unit of standard deviation over the last 3 months. By inspecting NAURA Technology's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please exercise NAURA Technology's downside deviation of 2.57, and Mean Deviation of 2.36 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NAURA Technology holds a performance score of 12. The firm secures a Beta (Market Risk) of 0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NAURA Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding NAURA Technology is expected to be smaller as well. Please check NAURA Technology's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether NAURA Technology's current price movements will revert.
Auto-correlation | 0.01 |
Virtually no predictability
NAURA Technology Group has virtually no predictability. Overlapping area represents the amount of predictability between NAURA Technology time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 NAURA Technology price movement. The serial correlation of 0.01 indicates that just 1.0% of current NAURA Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 3068.3 |
NAURA Technology lagged returns against current returns
Autocorrelation, which is NAURA Technology 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 NAURA Technology's stock expected returns. We can calculate the autocorrelation of NAURA Technology returns to help us make a trade decision. For example, suppose you find that NAURA Technology 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 |
NAURA Technology 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 NAURA Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NAURA Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NAURA Technology stock over time.
Current vs Lagged Prices |
| Timeline |
NAURA Technology Lagged Returns
When evaluating NAURA Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NAURA Technology stock have on its future price. NAURA Technology 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, NAURA Technology autocorrelation shows the relationship between NAURA Technology stock current value and its past values and can show if there is a momentum factor associated with investing in NAURA Technology Group.
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 NAURA Stock
NAURA Technology financial ratios help investors to determine whether NAURA 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 NAURA with respect to the benefits of owning NAURA Technology security.