Ningxia Building's market value is the price at which a share of Ningxia Building trades on a public exchange. It measures the collective expectations of Ningxia Building Materials investors about its performance. Ningxia Building is trading at 13.60 as of the 1st of February 2025, a 0.8 percent decrease since the beginning of the trading day. The stock's open price was 13.71. With this module, you can estimate the performance of a buy and hold strategy of Ningxia Building Materials and determine expected loss or profit from investing in Ningxia Building over a given investment horizon. Check out Ningxia Building Correlation, Ningxia Building Volatility and Ningxia Building Alpha and Beta module to complement your research on Ningxia Building.
Please note, there is a significant difference between Ningxia Building's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ningxia Building is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ningxia Building'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 Building '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 Building'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 Building.
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12/03/2024
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In 2 months and 2 days
02/01/2025
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If you would invest 0.00 in Ningxia Building on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding Ningxia Building Materials or generate 0.0% return on investment in Ningxia Building over 60 days. Ningxia Building is related to or competes with Allied Machinery, Huasi Agricultural, Ningxia Younglight, Lutian Machinery, Zhejiang Yinlun, and Aba Chemicals. Ningxia Building is entity of China. It is traded as Stock on SHG exchange. More
Ningxia Building 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 Building'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 Building Materials upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningxia Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningxia Building's standard deviation. In reality, there are many statistical measures that can use Ningxia Building historical prices to predict the future Ningxia Building's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ningxia Building. Your research has to be compared to or analyzed against Ningxia Building's peers to derive any actionable benefits. When done correctly, Ningxia Building'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 Building Mat.
Ningxia Building Mat Backtested Returns
Ningxia Building Mat has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. Ningxia Building exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Ningxia Building's Mean Deviation of 1.9, standard deviation of 2.74, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Ningxia Building's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ningxia Building is expected to be smaller as well. At this point, Ningxia Building Mat has a negative expected return of -0.0133%. Please make sure to verify Ningxia Building's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Ningxia Building Mat performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.17
Insignificant reverse predictability
Ningxia Building Materials has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ningxia Building time series from 3rd of December 2024 to 2nd of January 2025 and 2nd of January 2025 to 1st of February 2025. 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 Building Mat price movement. The serial correlation of -0.17 indicates that over 17.0% of current Ningxia Building price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.17
Spearman Rank Test
-0.04
Residual Average
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Price Variance
0.16
Ningxia Building Mat lagged returns against current returns
Autocorrelation, which is Ningxia Building 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 Building's stock expected returns. We can calculate the autocorrelation of Ningxia Building returns to help us make a trade decision. For example, suppose you find that Ningxia Building 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 Building 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 Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningxia Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningxia Building stock over time.
Current vs Lagged Prices
Timeline
Ningxia Building Lagged Returns
When evaluating Ningxia Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningxia Building stock have on its future price. Ningxia Building 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 Building autocorrelation shows the relationship between Ningxia Building stock current value and its past values and can show if there is a momentum factor associated with investing in Ningxia Building Materials.
Ningxia Building 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 Building security.