Nine Dragons (Germany) Market Value
| N3Y Stock | EUR 0.37 0.02 5.13% |
| Symbol | Nine |
Nine Dragons '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 Nine Dragons' 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 Nine Dragons.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Nine Dragons on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Nine Dragons Paper or generate 0.0% return on investment in Nine Dragons over 720 days. Nine Dragons is related to or competes with CapitaLand Investment, REINET INVESTMENTS, HK Electric, SLR Investment, Virtus Investment, KOOL2PLAY, and PLAYTIKA HOLDING. Nine Dragons Paper Limited, together with its subsidiaries, manufactures and sells packaging paper, recycled printing an... More
Nine Dragons 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 Nine Dragons' 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 Nine Dragons Paper upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.94 | |||
| Information Ratio | 0.0413 | |||
| Maximum Drawdown | 35.58 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 6.25 |
Nine Dragons Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nine Dragons' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nine Dragons' standard deviation. In reality, there are many statistical measures that can use Nine Dragons historical prices to predict the future Nine Dragons' volatility.| Risk Adjusted Performance | 0.0609 | |||
| Jensen Alpha | 0.251 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.04 | |||
| Treynor Ratio | 0.5732 |
Nine Dragons Paper Backtested Returns
Nine Dragons appears to be out of control, given 3 months investment horizon. Nine Dragons Paper has Sharpe Ratio of 0.0501, which conveys that the firm had a 0.0501% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nine Dragons, which you can use to evaluate the volatility of the firm. Please exercise Nine Dragons' Mean Deviation of 3.02, downside deviation of 4.94, and Risk Adjusted Performance of 0.0609 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nine Dragons holds a performance score of 3. The company secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nine Dragons' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nine Dragons is expected to be smaller as well. Please check Nine Dragons' total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether Nine Dragons' current price movements will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Nine Dragons Paper has virtually no predictability. Overlapping area represents the amount of predictability between Nine Dragons time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Nine Dragons Paper price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Nine Dragons price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nine Dragons Paper lagged returns against current returns
Autocorrelation, which is Nine Dragons 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 Nine Dragons' stock expected returns. We can calculate the autocorrelation of Nine Dragons returns to help us make a trade decision. For example, suppose you find that Nine Dragons 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 |
Nine Dragons 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 Nine Dragons stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nine Dragons stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nine Dragons stock over time.
Current vs Lagged Prices |
| Timeline |
Nine Dragons Lagged Returns
When evaluating Nine Dragons' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nine Dragons stock have on its future price. Nine Dragons 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, Nine Dragons autocorrelation shows the relationship between Nine Dragons stock current value and its past values and can show if there is a momentum factor associated with investing in Nine Dragons Paper.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nine Stock
Nine Dragons financial ratios help investors to determine whether Nine 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 Nine with respect to the benefits of owning Nine Dragons security.