Naas Price Book Value Ratio from 2010 to 2024
| NAAS Stock | USD 0.33 0.04 10.81% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter (51.83) | Current Value (49.23) | Quarterly Volatility 1.1 K |
Check Naas Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Naas main balance sheet or income statement drivers, such as Depreciation And Amortization of 16.2 M, Selling General Administrative of 430.1 M or Selling And Marketing Expenses of 469 M, as well as many exotic indicators such as Price To Sales Ratio of 7.24, Dividend Yield of 0.0 or Days Sales Outstanding of 326. Naas financial statements analysis is a perfect complement when working with Naas Technology Valuation or Volatility modules.
Naas | Price Book Value Ratio |
Latest Naas Technology's Price Book Value Ratio Growth Pattern
Below is the plot of the Price Book Value Ratio of Naas Technology ADR over the last few years. It is Naas Technology's Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Naas Technology's overall financial position and show how it may be relating to other accounts over time.
| Price Book Value Ratio | 10 Years Trend |
|
Price Book Value Ratio |
| Timeline |
Naas Price Book Value Ratio Regression Statistics
| Arithmetic Mean | 305.00 | |
| Geometric Mean | 24.24 | |
| Coefficient Of Variation | 367.96 | |
| Mean Deviation | 540.48 | |
| Median | 7.83 | |
| Standard Deviation | 1,122 | |
| Sample Variance | 1.3M | |
| Range | 4.4K | |
| R-Value | 0.18 | |
| Mean Square Error | 1.3M | |
| R-Squared | 0.03 | |
| Significance | 0.51 | |
| Slope | 46.32 | |
| Total Sum of Squares | 17.6M |
Naas Price Book Value Ratio History
About Naas Technology Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Naas Technology income statement, its balance sheet, and the statement of cash flows. Naas Technology investors use historical funamental indicators, such as Naas Technology's Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although Naas Technology investors may use each financial statement separately, they are all related. The changes in Naas Technology's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Naas Technology's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Naas Technology Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Naas Technology. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Book Value Ratio | (51.83) | (49.23) |
Pair Trading with Naas Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Naas Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Naas Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Naas Stock
| 0.86 | BQ | Boqii Holding Limited | PairCorr |
| 0.79 | JD | JD Inc Adr | PairCorr |
| 0.76 | AN | AutoNation | PairCorr |
| 0.76 | LE | Lands End Earnings Call This Week | PairCorr |
| 0.57 | EBAY | eBay Inc | PairCorr |
The ability to find closely correlated positions to Naas Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Naas Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Naas Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Naas Technology ADR to buy it.
The correlation of Naas Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Naas Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Naas Technology ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Naas Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Naas Technology Correlation against competitors. Note that the Naas Technology ADR information on this page should be used as a complementary analysis to other Naas Technology's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Naas Stock analysis
When running Naas Technology's price analysis, check to measure Naas Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Naas Technology is operating at the current time. Most of Naas Technology's value examination focuses on studying past and present price action to predict the probability of Naas Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Naas Technology's price. Additionally, you may evaluate how the addition of Naas Technology to your portfolios can decrease your overall portfolio volatility.
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Is Naas Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Naas Technology. If investors know Naas will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Naas Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.81) | Revenue Per Share 1.626 | Quarterly Revenue Growth 1.661 | Return On Assets (0.58) | Return On Equity (17.40) |
The market value of Naas Technology ADR is measured differently than its book value, which is the value of Naas that is recorded on the company's balance sheet. Investors also form their own opinion of Naas Technology's value that differs from its market value or its book value, called intrinsic value, which is Naas Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Naas Technology's market value can be influenced by many factors that don't directly affect Naas Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Naas Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Naas Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Naas Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.