Northern United (China) Market Value
601999 Stock | 6.92 0.01 0.14% |
Symbol | Northern |
Northern United '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 Northern United'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 Northern United.
10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Northern United on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Northern United Publishing or generate 0.0% return on investment in Northern United over 30 days. Northern United is related to or competes with China State, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Northern United is entity of China. It is traded as Stock on SHG exchange. More
Northern United 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 Northern United'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 Northern United Publishing upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 3.03 | |||
Information Ratio | 0.1107 | |||
Maximum Drawdown | 17.33 | |||
Value At Risk | (3.77) | |||
Potential Upside | 3.93 |
Northern United Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern United's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern United's standard deviation. In reality, there are many statistical measures that can use Northern United historical prices to predict the future Northern United's volatility.Risk Adjusted Performance | 0.129 | |||
Jensen Alpha | 0.4379 | |||
Total Risk Alpha | 0.0014 | |||
Sortino Ratio | 0.0963 | |||
Treynor Ratio | (1.75) |
Northern United Publ Backtested Returns
Northern United appears to be slightly risky, given 3 months investment horizon. Northern United Publ has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Northern United's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please exercise Northern United's Downside Deviation of 3.03, mean deviation of 1.93, and Risk Adjusted Performance of 0.129 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northern United holds a performance score of 16. The company secures a Beta (Market Risk) of -0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern United are expected to decrease at a much lower rate. During the bear market, Northern United is likely to outperform the market. Please check Northern United's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Northern United's current price movements will revert.
Auto-correlation | 0.80 |
Very good predictability
Northern United Publishing has very good predictability. Overlapping area represents the amount of predictability between Northern United time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Northern United Publ price movement. The serial correlation of 0.8 indicates that around 80.0% of current Northern United price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.8 | |
Spearman Rank Test | 0.67 | |
Residual Average | 0.0 | |
Price Variance | 0.03 |
Northern United Publ lagged returns against current returns
Autocorrelation, which is Northern United 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 Northern United's stock expected returns. We can calculate the autocorrelation of Northern United returns to help us make a trade decision. For example, suppose you find that Northern United 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 |
Northern United 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 Northern United stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern United stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern United stock over time.
Current vs Lagged Prices |
Timeline |
Northern United Lagged Returns
When evaluating Northern United's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern United stock have on its future price. Northern United 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, Northern United autocorrelation shows the relationship between Northern United stock current value and its past values and can show if there is a momentum factor associated with investing in Northern United Publishing.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Northern Stock
Northern United financial ratios help investors to determine whether Northern 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 Northern with respect to the benefits of owning Northern United security.