Ningbo Tip (China) Market Value
| 605255 Stock | 13.93 0.57 4.27% |
| Symbol | Ningbo |
Ningbo Tip '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 Tip'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 Tip.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Ningbo Tip on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo Tip Rubber or generate 0.0% return on investment in Ningbo Tip over 180 days. Ningbo Tip is related to or competes with China State, China Merchants, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Ningbo Tip is entity of China. It is traded as Stock on SHG exchange. More
Ningbo Tip 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 Tip'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 Tip Rubber upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | 0.019 | |||
| Maximum Drawdown | 17.15 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 4.43 |
Ningbo Tip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Tip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Tip's standard deviation. In reality, there are many statistical measures that can use Ningbo Tip historical prices to predict the future Ningbo Tip's volatility.| Risk Adjusted Performance | 0.053 | |||
| Jensen Alpha | 0.1524 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0166 | |||
| Treynor Ratio | 0.9046 |
Ningbo Tip Rubber Backtested Returns
Ningbo Tip appears to be somewhat reliable, given 3 months investment horizon. Ningbo Tip Rubber 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 Tip, which you can use to evaluate the volatility of the firm. Please exercise Ningbo Tip's Downside Deviation of 3.57, mean deviation of 2.32, and Risk Adjusted Performance of 0.053 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Tip holds a performance score of 12. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Ningbo Tip's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ningbo Tip is expected to be smaller as well. Please check Ningbo Tip'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 Tip's current price movements will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Ningbo Tip Rubber has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ningbo Tip time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Tip Rubber price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Ningbo Tip price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.43 |
Ningbo Tip Rubber lagged returns against current returns
Autocorrelation, which is Ningbo Tip 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 Tip's stock expected returns. We can calculate the autocorrelation of Ningbo Tip returns to help us make a trade decision. For example, suppose you find that Ningbo Tip 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 Tip 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 Tip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Tip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Tip stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Tip Lagged Returns
When evaluating Ningbo Tip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Tip stock have on its future price. Ningbo Tip 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 Tip autocorrelation shows the relationship between Ningbo Tip stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Tip Rubber.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ningbo Stock
Ningbo Tip 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 Tip security.