Ningbo Homelink (China) Market Value
| 301193 Stock | 17.45 0.25 1.41% |
| Symbol | Ningbo |
Ningbo Homelink '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 Homelink'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 Homelink.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Ningbo Homelink on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Ningbo Homelink Eco iTech or generate 0.0% return on investment in Ningbo Homelink over 720 days. Ningbo Homelink is related to or competes with Haima Automobile, Ningbo Fangzheng, Huasi Agricultural, Guangdong Advertising, Lutian Machinery, Allied Machinery, and Anhui Huilong. Ningbo Homelink is entity of China. It is traded as Stock on SHE exchange. More
Ningbo Homelink 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 Homelink'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 Homelink Eco iTech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.0945 | |||
| Maximum Drawdown | 24.05 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 5.07 |
Ningbo Homelink Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Homelink's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Homelink's standard deviation. In reality, there are many statistical measures that can use Ningbo Homelink historical prices to predict the future Ningbo Homelink's volatility.| Risk Adjusted Performance | 0.1091 | |||
| Jensen Alpha | 0.4167 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1027 | |||
| Treynor Ratio | 11.2 |
Ningbo Homelink Eco Backtested Returns
Ningbo Homelink appears to be not too volatile, given 3 months investment horizon. Ningbo Homelink Eco has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ningbo Homelink, which you can use to evaluate the volatility of the firm. Please exercise Ningbo Homelink's Mean Deviation of 2.23, downside deviation of 2.99, and Risk Adjusted Performance of 0.1091 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Homelink holds a performance score of 11. The company secures a Beta (Market Risk) of 0.0376, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Ningbo Homelink's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ningbo Homelink is expected to be smaller as well. Please check Ningbo Homelink'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 Homelink's current price movements will revert.
Auto-correlation | 0.24 |
Weak predictability
Ningbo Homelink Eco iTech has weak predictability. Overlapping area represents the amount of predictability between Ningbo Homelink time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 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 Ningbo Homelink Eco price movement. The serial correlation of 0.24 indicates that over 24.0% of current Ningbo Homelink price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 4.12 |
Ningbo Homelink Eco lagged returns against current returns
Autocorrelation, which is Ningbo Homelink 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 Homelink's stock expected returns. We can calculate the autocorrelation of Ningbo Homelink returns to help us make a trade decision. For example, suppose you find that Ningbo Homelink 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 Homelink 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 Homelink stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Homelink stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Homelink stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Homelink Lagged Returns
When evaluating Ningbo Homelink's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Homelink stock have on its future price. Ningbo Homelink 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 Homelink autocorrelation shows the relationship between Ningbo Homelink stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Homelink Eco iTech.
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 Homelink 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 Homelink security.