Nanjing Putian's market value is the price at which a share of Nanjing Putian trades on a public exchange. It measures the collective expectations of Nanjing Putian Telecommunications investors about its performance. Nanjing Putian is trading at 3.91 as of the 18th of January 2025, a 1.30 percent increase since the beginning of the trading day. The stock's open price was 3.86. With this module, you can estimate the performance of a buy and hold strategy of Nanjing Putian Telecommunications and determine expected loss or profit from investing in Nanjing Putian over a given investment horizon. Check out Nanjing Putian Correlation, Nanjing Putian Volatility and Nanjing Putian Alpha and Beta module to complement your research on Nanjing Putian.
Please note, there is a significant difference between Nanjing Putian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nanjing Putian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nanjing Putian'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.
Nanjing Putian '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 Putian'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 Putian.
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12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Nanjing Putian on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Nanjing Putian Telecommunications or generate 0.0% return on investment in Nanjing Putian over 30 days. Nanjing Putian is related to or competes with Kangping Technology, XiaMen HongXin, Guangzhou Haige, Holitech Technology, Kailong High, Bank of Communications, and Hubei Yingtong. Nanjing Putian is entity of China. It is traded as Stock on SHE exchange. More
Nanjing Putian 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 Putian'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 Putian Telecommunications upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanjing Putian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanjing Putian's standard deviation. In reality, there are many statistical measures that can use Nanjing Putian historical prices to predict the future Nanjing Putian's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nanjing Putian. Your research has to be compared to or analyzed against Nanjing Putian's peers to derive any actionable benefits. When done correctly, Nanjing Putian'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 Nanjing Putian Telec.
Nanjing Putian Telec Backtested Returns
Nanjing Putian appears to be risky, given 3 months investment horizon. Nanjing Putian Telec has Sharpe Ratio of 0.0925, which conveys that the firm had a 0.0925% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nanjing Putian, which you can use to evaluate the volatility of the firm. Please exercise Nanjing Putian's Mean Deviation of 3.46, downside deviation of 4.46, and Risk Adjusted Performance of 0.0812 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanjing Putian holds a performance score of 7. The company secures a Beta (Market Risk) of 0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nanjing Putian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nanjing Putian is expected to be smaller as well. Please check Nanjing Putian's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Nanjing Putian's current price movements will revert.
Auto-correlation
-0.87
Excellent reverse predictability
Nanjing Putian Telecommunications has excellent reverse predictability. Overlapping area represents the amount of predictability between Nanjing Putian time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. 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 Putian Telec price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Nanjing Putian price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.87
Spearman Rank Test
-0.75
Residual Average
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Price Variance
0.04
Nanjing Putian Telec lagged returns against current returns
Autocorrelation, which is Nanjing Putian 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 Putian's stock expected returns. We can calculate the autocorrelation of Nanjing Putian returns to help us make a trade decision. For example, suppose you find that Nanjing Putian 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
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Nanjing Putian 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 Putian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanjing Putian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanjing Putian stock over time.
Current vs Lagged Prices
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Nanjing Putian Lagged Returns
When evaluating Nanjing Putian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanjing Putian stock have on its future price. Nanjing Putian 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 Putian autocorrelation shows the relationship between Nanjing Putian stock current value and its past values and can show if there is a momentum factor associated with investing in Nanjing Putian Telecommunications.
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.
Nanjing Putian 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 Putian security.