Nanjing Medlander (China) Market Value
| 688273 Stock | 25.20 0.33 1.33% |
| Symbol | Nanjing |
Nanjing Medlander '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 Nanjing Medlander'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 Nanjing Medlander.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Nanjing Medlander on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nanjing Medlander Medical or generate 0.0% return on investment in Nanjing Medlander over 90 days. Nanjing Medlander is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Nanjing Medlander is entity of China. It is traded as Stock on SHG exchange. More
Nanjing Medlander 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 Nanjing Medlander'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 Nanjing Medlander Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.0864 | |||
| Maximum Drawdown | 23.13 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 6.56 |
Nanjing Medlander Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanjing Medlander's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanjing Medlander's standard deviation. In reality, there are many statistical measures that can use Nanjing Medlander historical prices to predict the future Nanjing Medlander's volatility.| Risk Adjusted Performance | 0.1018 | |||
| Jensen Alpha | 0.4649 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0979 | |||
| Treynor Ratio | (1.43) |
Nanjing Medlander Medical Backtested Returns
Nanjing Medlander appears to be not too volatile, given 3 months investment horizon. Nanjing Medlander Medical has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nanjing Medlander, which you can use to evaluate the volatility of the firm. Please exercise Nanjing Medlander's Downside Deviation of 3.15, mean deviation of 2.54, and Risk Adjusted Performance of 0.1018 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanjing Medlander holds a performance score of 8. The company secures a Beta (Market Risk) of -0.3, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nanjing Medlander are expected to decrease at a much lower rate. During the bear market, Nanjing Medlander is likely to outperform the market. Please check Nanjing Medlander'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 Nanjing Medlander's current price movements will revert.
Auto-correlation | 0.53 |
Modest predictability
Nanjing Medlander Medical has modest predictability. Overlapping area represents the amount of predictability between Nanjing Medlander time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Nanjing Medlander Medical price movement. The serial correlation of 0.53 indicates that about 53.0% of current Nanjing Medlander price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.14 |
Nanjing Medlander Medical lagged returns against current returns
Autocorrelation, which is Nanjing Medlander 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 Nanjing Medlander's stock expected returns. We can calculate the autocorrelation of Nanjing Medlander returns to help us make a trade decision. For example, suppose you find that Nanjing Medlander 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 |
Nanjing Medlander 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 Nanjing Medlander stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanjing Medlander stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanjing Medlander stock over time.
Current vs Lagged Prices |
| Timeline |
Nanjing Medlander Lagged Returns
When evaluating Nanjing Medlander's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanjing Medlander stock have on its future price. Nanjing Medlander 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, Nanjing Medlander autocorrelation shows the relationship between Nanjing Medlander stock current value and its past values and can show if there is a momentum factor associated with investing in Nanjing Medlander Medical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nanjing Stock
Nanjing Medlander financial ratios help investors to determine whether Nanjing 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 Nanjing with respect to the benefits of owning Nanjing Medlander security.