Ningbo Tech (China) Market Value
| 002124 Stock | 3.28 0.10 3.14% |
| Symbol | Ningbo |
Ningbo Tech '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 Ningbo Tech'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 Ningbo Tech.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Ningbo Tech on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo Tech Bank Co or generate 0.0% return on investment in Ningbo Tech over 180 days. Ningbo Tech is related to or competes with Beijing Wantai, Aluminum Corp, COL Digital, Shaanxi Meineng, Gansu Huangtai, and Threes Company. Ningbo Tech is entity of China. It is traded as Stock on SHE exchange. More
Ningbo Tech 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 Ningbo Tech'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 Ningbo Tech Bank Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | 0.1516 | |||
| Maximum Drawdown | 9.85 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 5.06 |
Ningbo Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Tech's standard deviation. In reality, there are many statistical measures that can use Ningbo Tech historical prices to predict the future Ningbo Tech's volatility.| Risk Adjusted Performance | 0.1605 | |||
| Jensen Alpha | 0.6468 | |||
| Total Risk Alpha | 0.0843 | |||
| Sortino Ratio | 0.1635 | |||
| Treynor Ratio | (0.77) |
Ningbo Tech Bank Backtested Returns
Ningbo Tech appears to be unstable, given 3 months investment horizon. Ningbo Tech Bank has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Ningbo Tech's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise Ningbo Tech's Mean Deviation of 2.34, downside deviation of 2.61, and Risk Adjusted Performance of 0.1605 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Tech holds a performance score of 14. The company secures a Beta (Market Risk) of -0.72, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ningbo Tech are expected to decrease at a much lower rate. During the bear market, Ningbo Tech is likely to outperform the market. Please check Ningbo Tech's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Ningbo Tech's current price movements will revert.
Auto-correlation | 0.25 |
Poor predictability
Ningbo Tech Bank Co has poor predictability. Overlapping area represents the amount of predictability between Ningbo Tech time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Ningbo Tech Bank price movement. The serial correlation of 0.25 indicates that over 25.0% of current Ningbo Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Ningbo Tech Bank lagged returns against current returns
Autocorrelation, which is Ningbo Tech 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 Ningbo Tech's stock expected returns. We can calculate the autocorrelation of Ningbo Tech returns to help us make a trade decision. For example, suppose you find that Ningbo Tech 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 |
Ningbo Tech 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 Ningbo Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Tech Lagged Returns
When evaluating Ningbo Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Tech stock have on its future price. Ningbo Tech 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, Ningbo Tech autocorrelation shows the relationship between Ningbo Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Tech Bank Co.
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 Ningbo Stock
Ningbo Tech financial ratios help investors to determine whether Ningbo 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 Ningbo with respect to the benefits of owning Ningbo Tech security.