Nanjing Yunhai (China) Market Value
| 002182 Stock | 13.31 0.08 0.60% |
| Symbol | Nanjing |
Nanjing Yunhai '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 Nanjing Yunhai'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 Nanjing Yunhai.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Nanjing Yunhai on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Nanjing Yunhai Special or generate 0.0% return on investment in Nanjing Yunhai over 30 days. Nanjing Yunhai is related to or competes with Ye Chiu, Qingdao Choho, Hainan Mining, Chengtun Mining, Linewell Software, Pengxin International, and Jiangxi Selon. Nanjing Yunhai is entity of China. It is traded as Stock on SHE exchange. More
Nanjing Yunhai 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 Nanjing Yunhai'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 Nanjing Yunhai Special upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.1391 | |||
| Maximum Drawdown | 20.08 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 7.08 |
Nanjing Yunhai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanjing Yunhai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanjing Yunhai's standard deviation. In reality, there are many statistical measures that can use Nanjing Yunhai historical prices to predict the future Nanjing Yunhai's volatility.| Risk Adjusted Performance | 0.134 | |||
| Jensen Alpha | 0.564 | |||
| Total Risk Alpha | 0.0464 | |||
| Sortino Ratio | 0.1627 | |||
| Treynor Ratio | 1.72 |
Nanjing Yunhai Special Backtested Returns
Nanjing Yunhai appears to be somewhat reliable, given 3 months investment horizon. Nanjing Yunhai Special has Sharpe Ratio of 0.22, which conveys that the firm had a 0.22% return per unit of risk over the last 3 months. By analyzing Nanjing Yunhai's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please exercise Nanjing Yunhai's Mean Deviation of 2.56, downside deviation of 3.01, and Risk Adjusted Performance of 0.134 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanjing Yunhai holds a performance score of 17. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nanjing Yunhai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nanjing Yunhai is expected to be smaller as well. Please check Nanjing Yunhai's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Nanjing Yunhai's current price movements will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Nanjing Yunhai Special has very weak reverse predictability. Overlapping area represents the amount of predictability between Nanjing Yunhai time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Nanjing Yunhai Special price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Nanjing Yunhai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Nanjing Yunhai Special lagged returns against current returns
Autocorrelation, which is Nanjing Yunhai 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 Nanjing Yunhai's stock expected returns. We can calculate the autocorrelation of Nanjing Yunhai returns to help us make a trade decision. For example, suppose you find that Nanjing Yunhai 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 |
Nanjing Yunhai 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 Nanjing Yunhai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanjing Yunhai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanjing Yunhai stock over time.
Current vs Lagged Prices |
| Timeline |
Nanjing Yunhai Lagged Returns
When evaluating Nanjing Yunhai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanjing Yunhai stock have on its future price. Nanjing Yunhai 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, Nanjing Yunhai autocorrelation shows the relationship between Nanjing Yunhai stock current value and its past values and can show if there is a momentum factor associated with investing in Nanjing Yunhai Special.
Regressed Prices |
| Timeline |
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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 Nanjing Stock
Nanjing Yunhai financial ratios help investors to determine whether Nanjing 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 Nanjing with respect to the benefits of owning Nanjing Yunhai security.