Ningbo Fangzheng (China) Market Value
| 300998 Stock | 15.44 0.54 3.62% |
| Symbol | Ningbo |
Ningbo Fangzheng '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 Fangzheng'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 Fangzheng.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Ningbo Fangzheng on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Ningbo Fangzheng Automobile or generate 0.0% return on investment in Ningbo Fangzheng over 690 days. Ningbo Fangzheng is related to or competes with Loongson Technology, Chongqing Road, Shenzhen Fortune, Wuhan Xianglong, Hainan Shuangcheng, Empyrean Technology, and Hunan Airbluer. Ningbo Fangzheng is entity of China. It is traded as Stock on SHE exchange. More
Ningbo Fangzheng 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 Fangzheng'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 Fangzheng Automobile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.39 | |||
| Information Ratio | 0.0409 | |||
| Maximum Drawdown | 29.94 | |||
| Value At Risk | (5.53) | |||
| Potential Upside | 7.67 |
Ningbo Fangzheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Fangzheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Fangzheng's standard deviation. In reality, there are many statistical measures that can use Ningbo Fangzheng historical prices to predict the future Ningbo Fangzheng's volatility.| Risk Adjusted Performance | 0.0625 | |||
| Jensen Alpha | 0.337 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0398 | |||
| Treynor Ratio | (0.80) |
Ningbo Fangzheng Aut Backtested Returns
Ningbo Fangzheng appears to be somewhat reliable, given 3 months investment horizon. Ningbo Fangzheng Aut 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 Fangzheng, which you can use to evaluate the volatility of the firm. Please exercise Ningbo Fangzheng's Downside Deviation of 4.39, risk adjusted performance of 0.0625, and Mean Deviation of 3.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Fangzheng holds a performance score of 8. The company secures a Beta (Market Risk) of -0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ningbo Fangzheng are expected to decrease at a much lower rate. During the bear market, Ningbo Fangzheng is likely to outperform the market. Please check Ningbo Fangzheng'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 Fangzheng's current price movements will revert.
Auto-correlation | 0.46 |
Average predictability
Ningbo Fangzheng Automobile has average predictability. Overlapping area represents the amount of predictability between Ningbo Fangzheng time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Fangzheng Aut price movement. The serial correlation of 0.46 indicates that about 46.0% of current Ningbo Fangzheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 16.96 |
Ningbo Fangzheng Aut lagged returns against current returns
Autocorrelation, which is Ningbo Fangzheng 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 Fangzheng's stock expected returns. We can calculate the autocorrelation of Ningbo Fangzheng returns to help us make a trade decision. For example, suppose you find that Ningbo Fangzheng 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 Fangzheng 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 Fangzheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Fangzheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Fangzheng stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Fangzheng Lagged Returns
When evaluating Ningbo Fangzheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Fangzheng stock have on its future price. Ningbo Fangzheng 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 Fangzheng autocorrelation shows the relationship between Ningbo Fangzheng stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Fangzheng Automobile.
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 Fangzheng 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 Fangzheng security.