Ningbo Jintian (China) Market Value
| 601609 Stock | 5.98 0.09 1.53% |
| Symbol | Ningbo |
Ningbo Jintian '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 Jintian'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 Jintian.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ningbo Jintian on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo Jintian Copper or generate 0.0% return on investment in Ningbo Jintian over 30 days. Ningbo Jintian is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Ningbo Jintian is entity of China. It is traded as Stock on SHG exchange. More
Ningbo Jintian 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 Jintian'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 Jintian Copper upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.0777 | |||
| Maximum Drawdown | 18.85 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 3.85 |
Ningbo Jintian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Jintian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Jintian's standard deviation. In reality, there are many statistical measures that can use Ningbo Jintian historical prices to predict the future Ningbo Jintian's volatility.| Risk Adjusted Performance | 0.1099 | |||
| Jensen Alpha | 0.3809 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0697 | |||
| Treynor Ratio | (0.61) |
Ningbo Jintian Copper Backtested Returns
Ningbo Jintian appears to be slightly risky, given 3 months investment horizon. Ningbo Jintian Copper has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ningbo Jintian, which you can use to evaluate the volatility of the firm. Please exercise Ningbo Jintian's Downside Deviation of 2.68, mean deviation of 1.61, and Risk Adjusted Performance of 0.1099 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Jintian holds a performance score of 12. The company secures a Beta (Market Risk) of -0.52, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ningbo Jintian are expected to decrease at a much lower rate. During the bear market, Ningbo Jintian is likely to outperform the market. Please check Ningbo Jintian'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 Jintian's current price movements will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Ningbo Jintian Copper has weak reverse predictability. Overlapping area represents the amount of predictability between Ningbo Jintian 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 Ningbo Jintian Copper price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Ningbo Jintian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ningbo Jintian Copper lagged returns against current returns
Autocorrelation, which is Ningbo Jintian 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 Jintian's stock expected returns. We can calculate the autocorrelation of Ningbo Jintian returns to help us make a trade decision. For example, suppose you find that Ningbo Jintian 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 Jintian 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 Jintian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Jintian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Jintian stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Jintian Lagged Returns
When evaluating Ningbo Jintian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Jintian stock have on its future price. Ningbo Jintian 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 Jintian autocorrelation shows the relationship between Ningbo Jintian stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Jintian Copper.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ningbo Stock
Ningbo Jintian 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 Jintian security.