Nanjing Red (China) Market Value
| 000525 Stock | 7.39 0.39 5.01% |
| Symbol | Nanjing |
Nanjing Red '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 Red'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 Red.
| 11/26/2023 |
| 12/20/2024 |
If you would invest 0.00 in Nanjing Red on November 26, 2023 and sell it all today you would earn a total of 0.00 from holding Nanjing Red Sun or generate 0.0% return on investment in Nanjing Red over 390 days. Nanjing Red is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Nanjing Red is entity of China. It is traded as Stock on SHE exchange. More
Nanjing Red 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 Red'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 Red Sun upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.0824 | |||
| Maximum Drawdown | 32.52 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 4.9 |
Nanjing Red Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanjing Red's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanjing Red's standard deviation. In reality, there are many statistical measures that can use Nanjing Red historical prices to predict the future Nanjing Red's volatility.| Risk Adjusted Performance | 0.0799 | |||
| Jensen Alpha | 0.3693 | |||
| Total Risk Alpha | 0.2457 | |||
| Sortino Ratio | 0.1015 | |||
| Treynor Ratio | 38.1 |
Nanjing Red Sun Backtested Returns
Nanjing Red appears to be slightly risky, given 3 months investment horizon. Nanjing Red Sun has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Nanjing Red's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Nanjing Red's Downside Deviation of 3.41, mean deviation of 2.15, and Risk Adjusted Performance of 0.0799 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanjing Red holds a performance score of 9. The company secures a Beta (Market Risk) of 0.0097, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nanjing Red's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nanjing Red is expected to be smaller as well. Please check Nanjing Red's coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether Nanjing Red's current price movements will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Nanjing Red Sun has modest reverse predictability. Overlapping area represents the amount of predictability between Nanjing Red time series from 26th of November 2023 to 8th of June 2024 and 8th of June 2024 to 20th of December 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 Red Sun price movement. The serial correlation of -0.48 indicates that about 48.0% of current Nanjing Red price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.35 |
Nanjing Red Sun lagged returns against current returns
Autocorrelation, which is Nanjing Red 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 Red's stock expected returns. We can calculate the autocorrelation of Nanjing Red returns to help us make a trade decision. For example, suppose you find that Nanjing Red 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 Red 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 Red stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanjing Red stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanjing Red stock over time.
Current vs Lagged Prices |
| Timeline |
Nanjing Red Lagged Returns
When evaluating Nanjing Red's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanjing Red stock have on its future price. Nanjing Red 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 Red autocorrelation shows the relationship between Nanjing Red stock current value and its past values and can show if there is a momentum factor associated with investing in Nanjing Red Sun.
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.Other Information on Investing in Nanjing Stock
Nanjing Red 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 Red security.