Fujian Nanwang (China) Market Value
| 301355 Stock | 12.42 0.07 0.57% |
| Symbol | Fujian |
Fujian Nanwang '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 Fujian Nanwang'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 Fujian Nanwang.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Fujian Nanwang on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fujian Nanwang Environment or generate 0.0% return on investment in Fujian Nanwang over 30 days. Fujian Nanwang is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Fujian Nanwang is entity of China. It is traded as Stock on SHE exchange. More
Fujian Nanwang 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 Fujian Nanwang'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 Fujian Nanwang Environment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | 0.095 | |||
| Maximum Drawdown | 22.65 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 4.19 |
Fujian Nanwang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fujian Nanwang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fujian Nanwang's standard deviation. In reality, there are many statistical measures that can use Fujian Nanwang historical prices to predict the future Fujian Nanwang's volatility.| Risk Adjusted Performance | 0.1194 | |||
| Jensen Alpha | 0.3375 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.102 | |||
| Treynor Ratio | 1.15 |
Fujian Nanwang Envir Backtested Returns
Fujian Nanwang appears to be not too volatile, given 3 months investment horizon. Fujian Nanwang Envir secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. By reviewing Fujian Nanwang's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Fujian Nanwang's Coefficient Of Variation of 680.91, downside deviation of 2.47, and Mean Deviation of 1.63 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fujian Nanwang holds a performance score of 14. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fujian Nanwang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fujian Nanwang is expected to be smaller as well. Please check Fujian Nanwang's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Fujian Nanwang's price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Fujian Nanwang Environment has insignificant predictability. Overlapping area represents the amount of predictability between Fujian Nanwang 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 Fujian Nanwang Envir price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Fujian Nanwang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Fujian Nanwang Envir lagged returns against current returns
Autocorrelation, which is Fujian Nanwang 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 Fujian Nanwang's stock expected returns. We can calculate the autocorrelation of Fujian Nanwang returns to help us make a trade decision. For example, suppose you find that Fujian Nanwang 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 |
Fujian Nanwang 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 Fujian Nanwang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fujian Nanwang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fujian Nanwang stock over time.
Current vs Lagged Prices |
| Timeline |
Fujian Nanwang Lagged Returns
When evaluating Fujian Nanwang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fujian Nanwang stock have on its future price. Fujian Nanwang 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, Fujian Nanwang autocorrelation shows the relationship between Fujian Nanwang stock current value and its past values and can show if there is a momentum factor associated with investing in Fujian Nanwang Environment.
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 Fujian Stock
Fujian Nanwang financial ratios help investors to determine whether Fujian 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 Fujian with respect to the benefits of owning Fujian Nanwang security.