Ningbo David (China) Market Value
| 300314 Stock | 12.62 0.28 2.27% |
| Symbol | Ningbo |
Ningbo David '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 David'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 David.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Ningbo David on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Ningbo David Medical or generate 0.0% return on investment in Ningbo David over 720 days. Ningbo David is related to or competes with GRINM Semiconductor, Eastroc Beverage, Penyao Environmental, Orinko Advanced, Beijing Yanjing, Jiangsu Financial, and Tongxing Environmental. Ningbo David is entity of China. It is traded as Stock on SHE exchange. More
Ningbo David 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 David'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 David Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.09 | |||
| Information Ratio | 0.089 | |||
| Maximum Drawdown | 28.55 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 7.33 |
Ningbo David Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo David's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo David's standard deviation. In reality, there are many statistical measures that can use Ningbo David historical prices to predict the future Ningbo David's volatility.| Risk Adjusted Performance | 0.1016 | |||
| Jensen Alpha | 0.5945 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.09 | |||
| Treynor Ratio | (0.64) |
Ningbo David Medical Backtested Returns
Ningbo David appears to be somewhat reliable, given 3 months investment horizon. Ningbo David Medical has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Ningbo David's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please exercise Ningbo David's Risk Adjusted Performance of 0.1016, downside deviation of 4.09, and Mean Deviation of 2.81 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo David holds a performance score of 10. The company secures a Beta (Market Risk) of -0.78, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ningbo David are expected to decrease at a much lower rate. During the bear market, Ningbo David is likely to outperform the market. Please check Ningbo David'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 Ningbo David's current price movements will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Ningbo David Medical has modest reverse predictability. Overlapping area represents the amount of predictability between Ningbo David time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 David Medical price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Ningbo David price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.22 |
Ningbo David Medical lagged returns against current returns
Autocorrelation, which is Ningbo David 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 David's stock expected returns. We can calculate the autocorrelation of Ningbo David returns to help us make a trade decision. For example, suppose you find that Ningbo David 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 David 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 David stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo David stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo David stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo David Lagged Returns
When evaluating Ningbo David's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo David stock have on its future price. Ningbo David 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 David autocorrelation shows the relationship between Ningbo David stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo David Medical.
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 David 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 David security.