Nine Dragons Paper Stock Market Value
| NDGPY Stock | USD 7.78 0.00 0.00% |
| 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' pink sheet 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.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Nine Dragons on December 8, 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 Canfor Pulp, Mondi PLC, Nine Dragons, Klabin Sa, and Holmen AB. 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' pink sheet 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 | 8.15 | |||
| Information Ratio | 0.0358 | |||
| Maximum Drawdown | 52.82 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 9.94 |
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 | 0.0534 | |||
| Jensen Alpha | 0.4018 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.025 | |||
| Treynor Ratio | (0.48) |
Nine Dragons Paper Backtested Returns
Nine Dragons appears to be moderately volatile, given 3 months investment horizon. Nine Dragons Paper has Sharpe Ratio of 0.0598, which conveys that the firm had a 0.0598% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Nine Dragons, which you can use to evaluate the volatility of the firm. Please exercise Nine Dragons' Mean Deviation of 2.44, downside deviation of 8.15, and Risk Adjusted Performance of 0.0534 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 4. The company secures a Beta (Market Risk) of -0.67, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nine Dragons are expected to decrease at a much lower rate. During the bear market, Nine Dragons is likely to outperform the market. Please check Nine Dragons' information ratio, value at risk, as well as the relationship between the Value At Risk and kurtosis , to make a quick decision on whether Nine Dragons' current price movements will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Nine Dragons Paper has virtually no predictability. Overlapping area represents the amount of predictability between Nine Dragons time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Nine Dragons Paper price movement. The serial correlation of 0.01 indicates that just 1.0% of current Nine Dragons price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.11 |
Nine Dragons Paper lagged returns against current returns
Autocorrelation, which is Nine Dragons pink sheet'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' pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nine Dragons pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nine Dragons pink sheet 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 pink sheet 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 pink sheet 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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Nine Pink Sheet Analysis
When running Nine Dragons' price analysis, check to measure Nine Dragons' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nine Dragons is operating at the current time. Most of Nine Dragons' value examination focuses on studying past and present price action to predict the probability of Nine Dragons' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nine Dragons' price. Additionally, you may evaluate how the addition of Nine Dragons to your portfolios can decrease your overall portfolio volatility.