Ningxia Younglight (China) Market Value
| 000635 Stock | 8.01 0.12 1.52% |
| Symbol | Ningxia |
Ningxia Younglight '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 Ningxia Younglight'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 Ningxia Younglight.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Ningxia Younglight on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Ningxia Younglight Chemicals or generate 0.0% return on investment in Ningxia Younglight over 90 days. Ningxia Younglight is related to or competes with JCHX Mining, Jinhui Mining, Lianhe Chemical, Nantong JiangTian, Liuzhou Chemical, Shenzhen Silver, and Xiangtan Electrochemical. Ningxia Younglight is entity of China. It is traded as Stock on SHE exchange. More
Ningxia Younglight 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 Ningxia Younglight'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 Ningxia Younglight Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0234 | |||
| Maximum Drawdown | 19.91 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 2.94 |
Ningxia Younglight Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningxia Younglight's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningxia Younglight's standard deviation. In reality, there are many statistical measures that can use Ningxia Younglight historical prices to predict the future Ningxia Younglight's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.3011 | |||
| Treynor Ratio | (0.45) |
Ningxia Younglight Backtested Returns
At this point, Ningxia Younglight is somewhat reliable. Ningxia Younglight has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Ningxia Younglight, which you can use to evaluate the volatility of the firm. Please verify Ningxia Younglight's Mean Deviation of 1.95, insignificant risk adjusted performance, and Standard Deviation of 2.76 to check out if the risk estimate we provide is consistent with the expected return of 0.0045%. The company secures a Beta (Market Risk) of 0.0986, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Ningxia Younglight's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ningxia Younglight is expected to be smaller as well. Ningxia Younglight right now secures a risk of 2.8%. Please verify Ningxia Younglight Chemicals coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Ningxia Younglight Chemicals will be following its current price movements.
Auto-correlation | 0.30 |
Below average predictability
Ningxia Younglight Chemicals has below average predictability. Overlapping area represents the amount of predictability between Ningxia Younglight time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Ningxia Younglight price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Ningxia Younglight price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ningxia Younglight lagged returns against current returns
Autocorrelation, which is Ningxia Younglight 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 Ningxia Younglight's stock expected returns. We can calculate the autocorrelation of Ningxia Younglight returns to help us make a trade decision. For example, suppose you find that Ningxia Younglight 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 |
Ningxia Younglight 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 Ningxia Younglight stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningxia Younglight stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningxia Younglight stock over time.
Current vs Lagged Prices |
| Timeline |
Ningxia Younglight Lagged Returns
When evaluating Ningxia Younglight's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningxia Younglight stock have on its future price. Ningxia Younglight 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, Ningxia Younglight autocorrelation shows the relationship between Ningxia Younglight stock current value and its past values and can show if there is a momentum factor associated with investing in Ningxia Younglight Chemicals.
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 Ningxia Stock
Ningxia Younglight financial ratios help investors to determine whether Ningxia 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 Ningxia with respect to the benefits of owning Ningxia Younglight security.