Inari Medicalinc Stock Market Value
NARI Stock | USD 47.40 1.29 2.80% |
Symbol | Inari |
Inari MedicalInc Price To Book Ratio
Is Inari MedicalInc'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 Inari MedicalInc. If investors know Inari 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 Inari MedicalInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.84) | Earnings Share (0.03) | Revenue Per Share 8.695 | Quarterly Revenue Growth 0.226 | Return On Assets (0) |
The market value of Inari MedicalInc is measured differently than its book value, which is the value of Inari that is recorded on the company's balance sheet. Investors also form their own opinion of Inari MedicalInc's value that differs from its market value or its book value, called intrinsic value, which is Inari MedicalInc'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 Inari MedicalInc's market value can be influenced by many factors that don't directly affect Inari MedicalInc'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 Inari MedicalInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inari MedicalInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inari MedicalInc'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.
Inari MedicalInc '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 Inari MedicalInc'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 Inari MedicalInc.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Inari MedicalInc on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Inari MedicalInc or generate 0.0% return on investment in Inari MedicalInc over 30 days. Inari MedicalInc is related to or competes with EUDA Health, Cigna Corp, Definitive Healthcare, Guardant Health, Laboratory, and Mednax. Inari Medical, Inc., a medical device company, develops, manufactures, markets, and sells devices for the interventional... More
Inari MedicalInc 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 Inari MedicalInc'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 Inari MedicalInc upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.14) | |||
Maximum Drawdown | 24.58 | |||
Value At Risk | (4.35) | |||
Potential Upside | 3.74 |
Inari MedicalInc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inari MedicalInc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inari MedicalInc's standard deviation. In reality, there are many statistical measures that can use Inari MedicalInc historical prices to predict the future Inari MedicalInc's volatility.Risk Adjusted Performance | (0.05) | |||
Jensen Alpha | (0.64) | |||
Total Risk Alpha | (1.28) | |||
Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inari MedicalInc's 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.
Inari MedicalInc Backtested Returns
Inari MedicalInc holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Inari MedicalInc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inari MedicalInc's Risk Adjusted Performance of (0.05), standard deviation of 3.84, and Market Risk Adjusted Performance of (0.23) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.76, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Inari MedicalInc will likely underperform. Inari MedicalInc has an expected return of -0.43%. Please make sure to check out Inari MedicalInc value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Inari MedicalInc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Inari MedicalInc has very good reverse predictability. Overlapping area represents the amount of predictability between Inari MedicalInc time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Inari MedicalInc price movement. The serial correlation of -0.7 indicates that around 70.0% of current Inari MedicalInc price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.7 | |
Spearman Rank Test | -0.63 | |
Residual Average | 0.0 | |
Price Variance | 5.42 |
Inari MedicalInc lagged returns against current returns
Autocorrelation, which is Inari MedicalInc 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 Inari MedicalInc's stock expected returns. We can calculate the autocorrelation of Inari MedicalInc returns to help us make a trade decision. For example, suppose you find that Inari MedicalInc 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 |
Inari MedicalInc 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 Inari MedicalInc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inari MedicalInc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inari MedicalInc stock over time.
Current vs Lagged Prices |
Timeline |
Inari MedicalInc Lagged Returns
When evaluating Inari MedicalInc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inari MedicalInc stock have on its future price. Inari MedicalInc 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, Inari MedicalInc autocorrelation shows the relationship between Inari MedicalInc stock current value and its past values and can show if there is a momentum factor associated with investing in Inari MedicalInc.
Regressed Prices |
Timeline |
Inari MedicalInc Investors Sentiment
The influence of Inari MedicalInc's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Inari. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Inari MedicalInc's public news can be used to forecast risks associated with an investment in Inari. The trend in average sentiment can be used to explain how an investor holding Inari can time the market purely based on public headlines and social activities around Inari MedicalInc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Inari MedicalInc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Inari MedicalInc's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Inari MedicalInc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Inari MedicalInc.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Inari MedicalInc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Inari MedicalInc's short interest history, or implied volatility extrapolated from Inari MedicalInc options trading.
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Complementary Tools for Inari Stock analysis
When running Inari MedicalInc's price analysis, check to measure Inari MedicalInc'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 Inari MedicalInc is operating at the current time. Most of Inari MedicalInc's value examination focuses on studying past and present price action to predict the probability of Inari MedicalInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inari MedicalInc's price. Additionally, you may evaluate how the addition of Inari MedicalInc to your portfolios can decrease your overall portfolio volatility.
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Inari MedicalInc technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.