Ningxia Baofeng (China) Market Value
| 600989 Stock | 16.15 0.10 0.62% |
| Symbol | Ningxia |
Ningxia Baofeng '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 Baofeng'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 Baofeng.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Ningxia Baofeng on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Ningxia Baofeng Energy or generate 0.0% return on investment in Ningxia Baofeng over 180 days. Ningxia Baofeng is related to or competes with Rising Nonferrous, Chongqing Shunbo, Jiaozuo Wanfang, Xizi Clean, Jinhui Liquor, CITIC Metal, and Shaanxi Meineng. Ningxia Baofeng is entity of China. It is traded as Stock on SHG exchange. More
Ningxia Baofeng 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 Baofeng'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 Baofeng Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 11.93 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 4.36 |
Ningxia Baofeng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningxia Baofeng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningxia Baofeng's standard deviation. In reality, there are many statistical measures that can use Ningxia Baofeng historical prices to predict the future Ningxia Baofeng's volatility.| Risk Adjusted Performance | 0.0534 | |||
| Jensen Alpha | 0.1489 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.61) |
Ningxia Baofeng Energy Backtested Returns
At this point, Ningxia Baofeng is not too volatile. Ningxia Baofeng Energy has Sharpe Ratio of 0.0572, which conveys that the firm had a 0.0572% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ningxia Baofeng, which you can use to evaluate the volatility of the firm. Please verify Ningxia Baofeng's Downside Deviation of 2.09, mean deviation of 1.6, and Risk Adjusted Performance of 0.0534 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Ningxia Baofeng has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ningxia Baofeng are expected to decrease at a much lower rate. During the bear market, Ningxia Baofeng is likely to outperform the market. Ningxia Baofeng Energy right now secures a risk of 2.28%. Please verify Ningxia Baofeng Energy downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Ningxia Baofeng Energy will be following its current price movements.
Auto-correlation | -0.04 |
Very weak reverse predictability
Ningxia Baofeng Energy has very weak reverse predictability. Overlapping area represents the amount of predictability between Ningxia Baofeng time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Ningxia Baofeng Energy price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Ningxia Baofeng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Ningxia Baofeng Energy lagged returns against current returns
Autocorrelation, which is Ningxia Baofeng 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 Baofeng's stock expected returns. We can calculate the autocorrelation of Ningxia Baofeng returns to help us make a trade decision. For example, suppose you find that Ningxia Baofeng 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 Baofeng 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 Baofeng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningxia Baofeng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningxia Baofeng stock over time.
Current vs Lagged Prices |
| Timeline |
Ningxia Baofeng Lagged Returns
When evaluating Ningxia Baofeng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningxia Baofeng stock have on its future price. Ningxia Baofeng 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 Baofeng autocorrelation shows the relationship between Ningxia Baofeng stock current value and its past values and can show if there is a momentum factor associated with investing in Ningxia Baofeng Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ningxia Stock
Ningxia Baofeng 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 Baofeng security.