Nanjing Vishee's market value is the price at which a share of Nanjing Vishee trades on a public exchange. It measures the collective expectations of Nanjing Vishee Medical investors about its performance. Nanjing Vishee is trading at 27.26 as of the 10th of January 2025, a 0.4 percent decrease since the beginning of the trading day. The stock's open price was 27.37. With this module, you can estimate the performance of a buy and hold strategy of Nanjing Vishee Medical and determine expected loss or profit from investing in Nanjing Vishee over a given investment horizon. Check out Nanjing Vishee Correlation, Nanjing Vishee Volatility and Nanjing Vishee Alpha and Beta module to complement your research on Nanjing Vishee.
Please note, there is a significant difference between Nanjing Vishee's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nanjing Vishee is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nanjing Vishee's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nanjing Vishee '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 Vishee'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 Vishee.
0.00
12/11/2024
No Change 0.00
0.0
In 30 days
01/10/2025
0.00
If you would invest 0.00 in Nanjing Vishee on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Nanjing Vishee Medical or generate 0.0% return on investment in Nanjing Vishee over 30 days. Nanjing Vishee is related to or competes with Holitech Technology, Zotye Automobile, Bus Online, Cultural Investment, and Gome Telecom. Nanjing Vishee is entity of China. It is traded as Stock on SHG exchange. More
Nanjing Vishee 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 Vishee'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 Vishee Medical upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanjing Vishee's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanjing Vishee's standard deviation. In reality, there are many statistical measures that can use Nanjing Vishee historical prices to predict the future Nanjing Vishee's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nanjing Vishee. Your research has to be compared to or analyzed against Nanjing Vishee's peers to derive any actionable benefits. When done correctly, Nanjing Vishee's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nanjing Vishee Medical.
Nanjing Vishee Medical Backtested Returns
At this point, Nanjing Vishee is not too volatile. Nanjing Vishee Medical has Sharpe Ratio of 0.0076, which conveys that the firm had a 0.0076% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Nanjing Vishee, which you can use to evaluate the volatility of the firm. Please verify Nanjing Vishee's Mean Deviation of 2.39, standard deviation of 3.32, and Risk Adjusted Performance of (0.05) to check out if the risk estimate we provide is consistent with the expected return of 0.022%. 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, Nanjing Vishee's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nanjing Vishee is expected to be smaller as well. Nanjing Vishee Medical right now secures a risk of 2.9%. Please verify Nanjing Vishee Medical standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Nanjing Vishee Medical will be following its current price movements.
Auto-correlation
0.19
Very weak predictability
Nanjing Vishee Medical has very weak predictability. Overlapping area represents the amount of predictability between Nanjing Vishee time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. 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 Vishee Medical price movement. The serial correlation of 0.19 indicates that over 19.0% of current Nanjing Vishee price fluctuation can be explain by its past prices.
Correlation Coefficient
0.19
Spearman Rank Test
0.49
Residual Average
0.0
Price Variance
1.57
Nanjing Vishee Medical lagged returns against current returns
Autocorrelation, which is Nanjing Vishee 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 Vishee's stock expected returns. We can calculate the autocorrelation of Nanjing Vishee returns to help us make a trade decision. For example, suppose you find that Nanjing Vishee 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 Vishee 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 Vishee stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanjing Vishee stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanjing Vishee stock over time.
Current vs Lagged Prices
Timeline
Nanjing Vishee Lagged Returns
When evaluating Nanjing Vishee's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanjing Vishee stock have on its future price. Nanjing Vishee 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 Vishee autocorrelation shows the relationship between Nanjing Vishee stock current value and its past values and can show if there is a momentum factor associated with investing in Nanjing Vishee Medical.
Nanjing Vishee 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 Vishee security.