Ningbo Ligong (China) Market Value
| 002322 Stock | 13.31 0.53 3.83% |
| Symbol | Ningbo |
Ningbo Ligong '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 Ligong'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 Ligong.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Ningbo Ligong on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo Ligong Online or generate 0.0% return on investment in Ningbo Ligong over 30 days. Ningbo Ligong is related to or competes with Hainan Mining, Offshore Oil, Jinhui Mining, Fujian Oriental, Chengtun Mining, Tibet Huayu, and China World. Ningbo Ligong is entity of China. It is traded as Stock on SHE exchange. More
Ningbo Ligong 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 Ligong'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 Ligong Online upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.1 | |||
| Value At Risk | (3.83) | |||
| Potential Upside | 4.2 |
Ningbo Ligong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Ligong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Ligong's standard deviation. In reality, there are many statistical measures that can use Ningbo Ligong historical prices to predict the future Ningbo Ligong's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.322 |
Ningbo Ligong Online Backtested Returns
Ningbo Ligong Online has Sharpe Ratio of -0.0367, which conveys that the firm had a -0.0367% return per unit of risk over the last 3 months. Ningbo Ligong exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Ningbo Ligong's Standard Deviation of 2.78, insignificant risk adjusted performance, and Mean Deviation of 1.91 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ningbo Ligong are expected to decrease at a much lower rate. During the bear market, Ningbo Ligong is likely to outperform the market. At this point, Ningbo Ligong Online has a negative expected return of -0.11%. Please make sure to verify Ningbo Ligong's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Ningbo Ligong Online performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Ningbo Ligong Online has good predictability. Overlapping area represents the amount of predictability between Ningbo Ligong time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 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 Ligong Online price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Ningbo Ligong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Ningbo Ligong Online lagged returns against current returns
Autocorrelation, which is Ningbo Ligong 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 Ligong's stock expected returns. We can calculate the autocorrelation of Ningbo Ligong returns to help us make a trade decision. For example, suppose you find that Ningbo Ligong 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 Ligong 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 Ligong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Ligong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Ligong stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Ligong Lagged Returns
When evaluating Ningbo Ligong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Ligong stock have on its future price. Ningbo Ligong 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 Ligong autocorrelation shows the relationship between Ningbo Ligong stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Ligong Online.
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 Ligong 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 Ligong security.