Ningbo Shanshan (China) Market Value
| 600884 Stock | 9.03 0.12 1.31% |
| Symbol | Ningbo |
Ningbo Shanshan '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 Shanshan'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 Shanshan.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ningbo Shanshan on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo Shanshan Co or generate 0.0% return on investment in Ningbo Shanshan over 180 days. Ningbo Shanshan is related to or competes with Zijin Mining, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. Ningbo Shanshan is entity of China. It is traded as Stock on SHG exchange. More
Ningbo Shanshan 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 Shanshan'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 Shanshan Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.0678 | |||
| Maximum Drawdown | 19.0 | |||
| Value At Risk | (5.58) | |||
| Potential Upside | 7.45 |
Ningbo Shanshan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Shanshan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Shanshan's standard deviation. In reality, there are many statistical measures that can use Ningbo Shanshan historical prices to predict the future Ningbo Shanshan's volatility.| Risk Adjusted Performance | 0.0859 | |||
| Jensen Alpha | 0.5053 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0785 | |||
| Treynor Ratio | (0.34) |
Ningbo Shanshan Backtested Returns
Ningbo Shanshan appears to be slightly risky, given 3 months investment horizon. Ningbo Shanshan has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Ningbo Shanshan's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please exercise Ningbo Shanshan's Downside Deviation of 3.25, mean deviation of 2.88, and Risk Adjusted Performance of 0.0859 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Shanshan holds a performance score of 11. The company secures a Beta (Market Risk) of -1.11, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Ningbo Shanshan are expected to decrease slowly. On the other hand, during market turmoil, Ningbo Shanshan is expected to outperform it slightly. Please check Ningbo Shanshan'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 Shanshan's current price movements will revert.
Auto-correlation | -0.88 |
Excellent reverse predictability
Ningbo Shanshan Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Ningbo Shanshan time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 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 Shanshan price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Ningbo Shanshan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
Ningbo Shanshan lagged returns against current returns
Autocorrelation, which is Ningbo Shanshan 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 Shanshan's stock expected returns. We can calculate the autocorrelation of Ningbo Shanshan returns to help us make a trade decision. For example, suppose you find that Ningbo Shanshan 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 Shanshan 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 Shanshan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Shanshan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Shanshan stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Shanshan Lagged Returns
When evaluating Ningbo Shanshan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Shanshan stock have on its future price. Ningbo Shanshan 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 Shanshan autocorrelation shows the relationship between Ningbo Shanshan stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Shanshan Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ningbo Stock
Ningbo Shanshan 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 Shanshan security.