Nancal Energy (China) Market Value
| 603859 Stock | 30.24 0.49 1.65% |
| Symbol | Nancal |
Nancal Energy '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 Nancal Energy'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 Nancal Energy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nancal Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nancal Energy Saving Tech or generate 0.0% return on investment in Nancal Energy over 30 days. Nancal Energy is related to or competes with Cambricon Technologies, Loongson Technology, Chongqing Road, Shenzhen Fortune, Wuhan Xianglong, Hainan Shuangcheng, and Empyrean Technology. Nancal Energy is entity of China. It is traded as Stock on SHG exchange. More
Nancal Energy 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 Nancal Energy'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 Nancal Energy Saving Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.35 | |||
| Information Ratio | 0.1771 | |||
| Maximum Drawdown | 17.89 | |||
| Value At Risk | (5.64) | |||
| Potential Upside | 10.0 |
Nancal Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nancal Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nancal Energy's standard deviation. In reality, there are many statistical measures that can use Nancal Energy historical prices to predict the future Nancal Energy's volatility.| Risk Adjusted Performance | 0.1646 | |||
| Jensen Alpha | 0.8698 | |||
| Total Risk Alpha | 0.2174 | |||
| Sortino Ratio | 0.2005 | |||
| Treynor Ratio | 0.9697 |
Nancal Energy Saving Backtested Returns
Nancal Energy is not too volatile given 3 months investment horizon. Nancal Energy Saving has Sharpe Ratio of 0.3, which conveys that the firm had a 0.3% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.46% are justified by taking the suggested risk. Use Nancal Energy Saving Risk Adjusted Performance of 0.1646, downside deviation of 4.35, and Mean Deviation of 3.68 to evaluate company specific risk that cannot be diversified away. Nancal Energy holds a performance score of 23 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.02, which conveys a somewhat significant risk relative to the market. Nancal Energy returns are very sensitive to returns on the market. As the market goes up or down, Nancal Energy is expected to follow. Use Nancal Energy Saving information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Nancal Energy Saving.
Auto-correlation | 0.16 |
Very weak predictability
Nancal Energy Saving Tech has very weak predictability. Overlapping area represents the amount of predictability between Nancal Energy time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Nancal Energy Saving price movement. The serial correlation of 0.16 indicates that over 16.0% of current Nancal Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 3.04 |
Nancal Energy Saving lagged returns against current returns
Autocorrelation, which is Nancal Energy 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 Nancal Energy's stock expected returns. We can calculate the autocorrelation of Nancal Energy returns to help us make a trade decision. For example, suppose you find that Nancal Energy 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 |
Nancal Energy 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 Nancal Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nancal Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nancal Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Nancal Energy Lagged Returns
When evaluating Nancal Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nancal Energy stock have on its future price. Nancal Energy 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, Nancal Energy autocorrelation shows the relationship between Nancal Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Nancal Energy Saving Tech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nancal Stock
Nancal Energy financial ratios help investors to determine whether Nancal 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 Nancal with respect to the benefits of owning Nancal Energy security.