Ningxia Xiaoming (China) Market Value

300967 Stock   13.87  0.44  3.28%   
Ningxia Xiaoming's market value is the price at which a share of Ningxia Xiaoming trades on a public exchange. It measures the collective expectations of Ningxia Xiaoming Agriculture investors about its performance. Ningxia Xiaoming is trading at 13.87 as of the 11th of December 2024, a 3.28 percent increase since the beginning of the trading day. The stock's open price was 13.43.
With this module, you can estimate the performance of a buy and hold strategy of Ningxia Xiaoming Agriculture and determine expected loss or profit from investing in Ningxia Xiaoming over a given investment horizon. Check out Ningxia Xiaoming Correlation, Ningxia Xiaoming Volatility and Ningxia Xiaoming Alpha and Beta module to complement your research on Ningxia Xiaoming.
Symbol

Please note, there is a significant difference between Ningxia Xiaoming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ningxia Xiaoming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ningxia Xiaoming'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.

Ningxia Xiaoming '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 Ningxia Xiaoming'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 Ningxia Xiaoming.
0.00
11/11/2024
No Change 0.00  0.0 
In 31 days
12/11/2024
0.00
If you would invest  0.00  in Ningxia Xiaoming on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Ningxia Xiaoming Agriculture or generate 0.0% return on investment in Ningxia Xiaoming over 30 days. Ningxia Xiaoming is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Ningxia Xiaoming is entity of China. It is traded as Stock on SHE exchange. More

Ningxia Xiaoming 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 Ningxia Xiaoming'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 Ningxia Xiaoming Agriculture upside and downside potential and time the market with a certain degree of confidence.

Ningxia Xiaoming Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningxia Xiaoming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningxia Xiaoming's standard deviation. In reality, there are many statistical measures that can use Ningxia Xiaoming historical prices to predict the future Ningxia Xiaoming's volatility.
Hype
Prediction
LowEstimatedHigh
9.1113.8718.63
Details
Intrinsic
Valuation
LowRealHigh
7.8412.6017.36
Details
Naive
Forecast
LowNextHigh
8.8113.5718.33
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.0413.0614.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ningxia Xiaoming. Your research has to be compared to or analyzed against Ningxia Xiaoming's peers to derive any actionable benefits. When done correctly, Ningxia Xiaoming'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 Ningxia Xiaoming Agr.

Ningxia Xiaoming Agr Backtested Returns

Ningxia Xiaoming appears to be somewhat reliable, given 3 months investment horizon. Ningxia Xiaoming Agr has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Ningxia Xiaoming's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please exercise Ningxia Xiaoming's Risk Adjusted Performance of 0.1074, mean deviation of 2.97, and Downside Deviation of 3.92 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningxia Xiaoming holds a performance score of 13. The company secures a Beta (Market Risk) of 0.56, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Ningxia Xiaoming's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ningxia Xiaoming is expected to be smaller as well. Please check Ningxia Xiaoming'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 Ningxia Xiaoming's current price movements will revert.

Auto-correlation

    
  -0.8  

Almost perfect reverse predictability

Ningxia Xiaoming Agriculture has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ningxia Xiaoming time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Ningxia Xiaoming Agr price movement. The serial correlation of -0.8 indicates that around 80.0% of current Ningxia Xiaoming price fluctuation can be explain by its past prices.
Correlation Coefficient-0.8
Spearman Rank Test-0.2
Residual Average0.0
Price Variance0.16

Ningxia Xiaoming Agr lagged returns against current returns

Autocorrelation, which is Ningxia Xiaoming 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 Ningxia Xiaoming's stock expected returns. We can calculate the autocorrelation of Ningxia Xiaoming returns to help us make a trade decision. For example, suppose you find that Ningxia Xiaoming 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  

Ningxia Xiaoming 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 Ningxia Xiaoming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningxia Xiaoming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningxia Xiaoming stock over time.
   Current vs Lagged Prices   
       Timeline  

Ningxia Xiaoming Lagged Returns

When evaluating Ningxia Xiaoming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningxia Xiaoming stock have on its future price. Ningxia Xiaoming 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, Ningxia Xiaoming autocorrelation shows the relationship between Ningxia Xiaoming stock current value and its past values and can show if there is a momentum factor associated with investing in Ningxia Xiaoming Agriculture.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Ningxia Stock

Ningxia Xiaoming financial ratios help investors to determine whether Ningxia 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 Ningxia with respect to the benefits of owning Ningxia Xiaoming security.