Ningxia Xiaoming (China) Market Value
| 300967 Stock | 13.49 0.52 4.01% |
| Symbol | Ningxia |
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.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Ningxia Xiaoming on November 3, 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 Agricultural Bank, Industrial, Bank of China, China Construction, China Merchants, PetroChina, and Industrial Bank. 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.
| Downside Deviation | 4.04 | |||
| Information Ratio | 0.1177 | |||
| Maximum Drawdown | 29.02 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 6.2 |
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.| Risk Adjusted Performance | 0.1196 | |||
| Jensen Alpha | 0.578 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1293 | |||
| Treynor Ratio | 1.24 |
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 0.78% is justified by implied risk. Please exercise Ningxia Xiaoming's Risk Adjusted Performance of 0.1196, downside deviation of 4.04, and Mean Deviation of 2.89 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 0.51, 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 | -0.43 |
Modest reverse predictability
Ningxia Xiaoming Agriculture has modest reverse predictability. Overlapping area represents the amount of predictability between Ningxia Xiaoming time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 -0.43 indicates that just about 43.0% of current Ningxia Xiaoming price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
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 |
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 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.