Nn Inc Stock Market Value
NNBR Stock | USD 3.90 0.02 0.52% |
Symbol | NN |
NN Inc Price To Book Ratio
Is NN'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 NN. If investors know NN 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 NN listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.35) | Revenue Per Share 10.468 | Quarterly Revenue Growth (0.05) | Return On Assets (0.03) | Return On Equity (0.21) |
The market value of NN Inc is measured differently than its book value, which is the value of NN that is recorded on the company's balance sheet. Investors also form their own opinion of NN's value that differs from its market value or its book value, called intrinsic value, which is NN'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 NN's market value can be influenced by many factors that don't directly affect NN'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 NN's value and its price as these two are different measures arrived at by different means. Investors typically determine if NN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NN'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.
NN '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 NN'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 NN.
03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in NN on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding NN Inc or generate 0.0% return on investment in NN over 30 days. NN is related to or competes with Ayala, Alliance Global, Steel Partners, Griffon, Matthews International, and Mammoth Energy. NN, Inc., a diversified industrial company, designs, manufactures, and sells high-precision components and assemblies More
NN 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 NN'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 NN Inc upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 4.27 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 26.86 | |||
Value At Risk | (4.96) | |||
Potential Upside | 5.24 |
NN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NN's standard deviation. In reality, there are many statistical measures that can use NN historical prices to predict the future NN's volatility.Risk Adjusted Performance | 0.0146 | |||
Jensen Alpha | (0.05) | |||
Total Risk Alpha | (0.35) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.0218 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NN'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.
NN Inc Backtested Returns
NN Inc retains Efficiency (Sharpe Ratio) of -0.0072, which conveys that the firm had a -0.0072% return per unit of price deviation over the last 3 months. NN exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NN's Standard Deviation of 4.01, mean deviation of 2.71, and Market Risk Adjusted Performance of 0.0318 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.35, which conveys 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, NN will likely underperform. NN Inc has an expected return of -0.0288%. Please make sure to verify NN Inc standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if NN Inc performance from the past will be repeated sooner or later.
Auto-correlation | 0.80 |
Very good predictability
NN Inc has very good predictability. Overlapping area represents the amount of predictability between NN time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 NN Inc price movement. The serial correlation of 0.8 indicates that around 80.0% of current NN price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.8 | |
Spearman Rank Test | 0.72 | |
Residual Average | 0.0 | |
Price Variance | 0.04 |
NN Inc lagged returns against current returns
Autocorrelation, which is NN 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 NN's stock expected returns. We can calculate the autocorrelation of NN returns to help us make a trade decision. For example, suppose you find that NN 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 |
NN 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 NN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NN stock over time.
Current vs Lagged Prices |
Timeline |
NN Lagged Returns
When evaluating NN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NN stock have on its future price. NN 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, NN autocorrelation shows the relationship between NN stock current value and its past values and can show if there is a momentum factor associated with investing in NN Inc.
Regressed Prices |
Timeline |
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Try AI Portfolio ArchitectCheck out NN Correlation, NN Volatility and NN Alpha and Beta module to complement your research on NN. Note that the NN Inc information on this page should be used as a complementary analysis to other NN'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for NN Stock analysis
When running NN's price analysis, check to measure NN'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 NN is operating at the current time. Most of NN's value examination focuses on studying past and present price action to predict the probability of NN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NN's price. Additionally, you may evaluate how the addition of NN to your portfolios can decrease your overall portfolio volatility.
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