Inari Medicalinc Stock Market Value

NARI Stock  USD 47.40  1.29  2.80%   
Inari MedicalInc's market value is the price at which a share of Inari MedicalInc trades on a public exchange. It measures the collective expectations of Inari MedicalInc investors about its performance. Inari MedicalInc is trading at 47.40 as of the 28th of March 2024. This is a 2.80 percent increase since the beginning of the trading day. The stock's open price was 46.11.
With this module, you can estimate the performance of a buy and hold strategy of Inari MedicalInc and determine expected loss or profit from investing in Inari MedicalInc over a given investment horizon. Check out Inari MedicalInc Correlation, Inari MedicalInc Volatility and Inari MedicalInc Alpha and Beta module to complement your research on Inari MedicalInc.
For more detail on how to invest in Inari Stock please use our How to Invest in Inari MedicalInc guide.
Symbol

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.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
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.

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.
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.
Hype
Prediction
LowEstimatedHigh
43.4747.4051.33
Details
Intrinsic
Valuation
LowRealHigh
40.1544.0848.01
Details
Naive
Forecast
LowNextHigh
50.0854.0057.93
Details
10 Analysts
Consensus
LowTargetHigh
75.6283.1092.24
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Inari MedicalInc. Your research has to be compared to or analyzed against Inari MedicalInc's peers to derive any actionable benefits. When done correctly, Inari MedicalInc's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Inari MedicalInc.

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 Average0.0
Price Variance5.42

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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When determining whether Inari MedicalInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Inari MedicalInc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Inari Medicalinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Inari Medicalinc Stock:
Check out Inari MedicalInc Correlation, Inari MedicalInc Volatility and Inari MedicalInc Alpha and Beta module to complement your research on Inari MedicalInc.
For more detail on how to invest in Inari Stock please use our How to Invest in Inari MedicalInc guide.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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.
A focus of Inari MedicalInc technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Inari MedicalInc trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...