Nanjing Xinjiekou (China) Market Value
| 600682 Stock | 6.99 0.18 2.51% |
| Symbol | Nanjing |
Nanjing Xinjiekou '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 Nanjing Xinjiekou'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 Nanjing Xinjiekou.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Nanjing Xinjiekou on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Nanjing Xinjiekou Department or generate 0.0% return on investment in Nanjing Xinjiekou over 720 days. Nanjing Xinjiekou is related to or competes with Peoples Insurance, Nanjing Putian, Allwin Telecommunicatio, Jilin Jlu, Zhongtong Guomai, Fiberhome Telecommunicatio, and Jiangsu Jinling. Nanjing Xinjiekou is entity of China. It is traded as Stock on SHG exchange. More
Nanjing Xinjiekou 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 Nanjing Xinjiekou'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 Nanjing Xinjiekou Department upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.1187 | |||
| Maximum Drawdown | 19.82 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 6.13 |
Nanjing Xinjiekou Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanjing Xinjiekou's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanjing Xinjiekou's standard deviation. In reality, there are many statistical measures that can use Nanjing Xinjiekou historical prices to predict the future Nanjing Xinjiekou's volatility.| Risk Adjusted Performance | 0.1269 | |||
| Jensen Alpha | 0.596 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1447 | |||
| Treynor Ratio | (0.96) |
Nanjing Xinjiekou Backtested Returns
Nanjing Xinjiekou appears to be moderately volatile, given 3 months investment horizon. Nanjing Xinjiekou has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Nanjing Xinjiekou's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please exercise Nanjing Xinjiekou's Risk Adjusted Performance of 0.1269, mean deviation of 2.59, and Downside Deviation of 2.85 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanjing Xinjiekou holds a performance score of 13. The company secures a Beta (Market Risk) of -0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nanjing Xinjiekou are expected to decrease at a much lower rate. During the bear market, Nanjing Xinjiekou is likely to outperform the market. Please check Nanjing Xinjiekou's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Nanjing Xinjiekou's current price movements will revert.
Auto-correlation | 0.33 |
Below average predictability
Nanjing Xinjiekou Department has below average predictability. Overlapping area represents the amount of predictability between Nanjing Xinjiekou time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Nanjing Xinjiekou price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Nanjing Xinjiekou price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Nanjing Xinjiekou lagged returns against current returns
Autocorrelation, which is Nanjing Xinjiekou 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 Nanjing Xinjiekou's stock expected returns. We can calculate the autocorrelation of Nanjing Xinjiekou returns to help us make a trade decision. For example, suppose you find that Nanjing Xinjiekou 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 |
Nanjing Xinjiekou 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 Nanjing Xinjiekou stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanjing Xinjiekou stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanjing Xinjiekou stock over time.
Current vs Lagged Prices |
| Timeline |
Nanjing Xinjiekou Lagged Returns
When evaluating Nanjing Xinjiekou's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanjing Xinjiekou stock have on its future price. Nanjing Xinjiekou 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, Nanjing Xinjiekou autocorrelation shows the relationship between Nanjing Xinjiekou stock current value and its past values and can show if there is a momentum factor associated with investing in Nanjing Xinjiekou Department.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nanjing Stock
Nanjing Xinjiekou financial ratios help investors to determine whether Nanjing 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 Nanjing with respect to the benefits of owning Nanjing Xinjiekou security.