Ningbo Bohui (China) Market Value
| 300839 Stock | 7.47 0.01 0.13% |
| Symbol | Ningbo |
Ningbo Bohui '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 Bohui'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 Bohui.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ningbo Bohui on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo Bohui Chemical or generate 0.0% return on investment in Ningbo Bohui over 30 days. Ningbo Bohui is related to or competes with Zhejiang Kingland, ADAMA, Shanghai Lingyun, Changchun Faway, and Zhejiang Dahua. Ningbo Bohui is entity of China. It is traded as Stock on SHE exchange. More
Ningbo Bohui 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 Bohui'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 Bohui Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.65 | |||
| Information Ratio | 0.0346 | |||
| Maximum Drawdown | 28.07 | |||
| Value At Risk | (5.79) | |||
| Potential Upside | 4.75 |
Ningbo Bohui Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Bohui's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Bohui's standard deviation. In reality, there are many statistical measures that can use Ningbo Bohui historical prices to predict the future Ningbo Bohui's volatility.| Risk Adjusted Performance | 0.0613 | |||
| Jensen Alpha | 0.3337 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0293 | |||
| Treynor Ratio | (0.48) |
Ningbo Bohui Chemical Backtested Returns
Ningbo Bohui appears to be slightly risky, given 3 months investment horizon. Ningbo Bohui Chemical has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ningbo Bohui, which you can use to evaluate the volatility of the firm. Please exercise Ningbo Bohui's Risk Adjusted Performance of 0.0613, downside deviation of 4.65, and Mean Deviation of 2.58 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Bohui holds a performance score of 8. The company secures a Beta (Market Risk) of -0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ningbo Bohui are expected to decrease at a much lower rate. During the bear market, Ningbo Bohui is likely to outperform the market. Please check Ningbo Bohui'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 Bohui's current price movements will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Ningbo Bohui Chemical has modest reverse predictability. Overlapping area represents the amount of predictability between Ningbo Bohui time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Bohui Chemical price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Ningbo Bohui price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Ningbo Bohui Chemical lagged returns against current returns
Autocorrelation, which is Ningbo Bohui 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 Bohui's stock expected returns. We can calculate the autocorrelation of Ningbo Bohui returns to help us make a trade decision. For example, suppose you find that Ningbo Bohui 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 Bohui 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 Bohui stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Bohui stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Bohui stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Bohui Lagged Returns
When evaluating Ningbo Bohui's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Bohui stock have on its future price. Ningbo Bohui 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 Bohui autocorrelation shows the relationship between Ningbo Bohui stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Bohui Chemical.
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 Ningbo Stock
Ningbo Bohui 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 Bohui security.