Nantong Haixing (China) Market Value
| 603115 Stock | 13.24 0.37 2.72% |
| Symbol | Nantong |
Nantong Haixing '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 Nantong Haixing'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 Nantong Haixing.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Nantong Haixing on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nantong Haixing Electronics or generate 0.0% return on investment in Nantong Haixing over 270 days. Nantong Haixing is related to or competes with Kweichow Moutai, Shenzhen Mindray, Jiangsu Pacific, G Bits, Shenzhen Transsion, Beijing Roborock, and Luzhou Lao. Nantong Haixing is entity of China. It is traded as Stock on SHG exchange. More
Nantong Haixing 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 Nantong Haixing'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 Nantong Haixing Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.1368 | |||
| Maximum Drawdown | 15.98 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 5.11 |
Nantong Haixing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nantong Haixing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nantong Haixing's standard deviation. In reality, there are many statistical measures that can use Nantong Haixing historical prices to predict the future Nantong Haixing's volatility.| Risk Adjusted Performance | 0.152 | |||
| Jensen Alpha | 0.4998 | |||
| Total Risk Alpha | 0.0691 | |||
| Sortino Ratio | 0.1493 | |||
| Treynor Ratio | (1.46) |
Nantong Haixing Elec Backtested Returns
Nantong Haixing appears to be not too volatile, given 3 months investment horizon. Nantong Haixing Elec has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nantong Haixing, which you can use to evaluate the volatility of the firm. Please exercise Nantong Haixing's Mean Deviation of 1.69, risk adjusted performance of 0.152, and Downside Deviation of 2.28 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nantong Haixing holds a performance score of 15. The company secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nantong Haixing are expected to decrease at a much lower rate. During the bear market, Nantong Haixing is likely to outperform the market. Please check Nantong Haixing's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Nantong Haixing's current price movements will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Nantong Haixing Electronics has very good reverse predictability. Overlapping area represents the amount of predictability between Nantong Haixing time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Nantong Haixing Elec price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Nantong Haixing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.42 |
Nantong Haixing Elec lagged returns against current returns
Autocorrelation, which is Nantong Haixing 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 Nantong Haixing's stock expected returns. We can calculate the autocorrelation of Nantong Haixing returns to help us make a trade decision. For example, suppose you find that Nantong Haixing 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 |
Nantong Haixing 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 Nantong Haixing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nantong Haixing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nantong Haixing stock over time.
Current vs Lagged Prices |
| Timeline |
Nantong Haixing Lagged Returns
When evaluating Nantong Haixing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nantong Haixing stock have on its future price. Nantong Haixing 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, Nantong Haixing autocorrelation shows the relationship between Nantong Haixing stock current value and its past values and can show if there is a momentum factor associated with investing in Nantong Haixing Electronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nantong Stock
Nantong Haixing financial ratios help investors to determine whether Nantong 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 Nantong with respect to the benefits of owning Nantong Haixing security.