Nanjing Red (China) Market Value

000525 Stock   6.67  0.35  4.99%   
Nanjing Red's market value is the price at which a share of Nanjing Red trades on a public exchange. It measures the collective expectations of Nanjing Red Sun investors about its performance. Nanjing Red is trading at 6.67 as of the 24th of December 2024, a 4.99 percent decrease since the beginning of the trading day. The stock's open price was 7.02.
With this module, you can estimate the performance of a buy and hold strategy of Nanjing Red Sun and determine expected loss or profit from investing in Nanjing Red over a given investment horizon. Check out Nanjing Red Correlation, Nanjing Red Volatility and Nanjing Red Alpha and Beta module to complement your research on Nanjing Red.
Symbol

Please note, there is a significant difference between Nanjing Red's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nanjing Red is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nanjing Red'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 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.
0.00
11/24/2024
No Change 0.00  0.0 
In 30 days
12/24/2024
0.00
If you would invest  0.00  in Nanjing Red on November 24, 2024 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 30 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.

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.
Hype
Prediction
LowEstimatedHigh
2.927.3411.76
Details
Intrinsic
Valuation
LowRealHigh
1.505.9210.34
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.290.310.34
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nanjing Red. Your research has to be compared to or analyzed against Nanjing Red's peers to derive any actionable benefits. When done correctly, Nanjing Red'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 Red Sun.

Nanjing Red Sun Backtested Returns

Nanjing Red appears to be moderately volatile, given 3 months investment horizon. Nanjing Red Sun has Sharpe Ratio of 0.081, which conveys that the firm had a 0.081% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nanjing Red, which you can use to evaluate the volatility of the firm. Please exercise Nanjing Red's Risk Adjusted Performance of 0.0438, downside deviation of 3.6, and Mean Deviation of 2.2 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 6. The company secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nanjing Red are expected to decrease at a much lower rate. During the bear market, Nanjing Red is likely to outperform the market. 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

    
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No correlation between past and present

Nanjing Red Sun has no correlation between past and present. Overlapping area represents the amount of predictability between Nanjing Red time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 0.0 indicates that just 0.0% of current Nanjing Red price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.21
Residual Average0.0
Price Variance0.44

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  

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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.