China Nonferrous (China) Market Value
| 000758 Stock | 5.15 0.05 0.98% |
| Symbol | China |
China Nonferrous '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 China Nonferrous' 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 China Nonferrous.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in China Nonferrous on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding China Nonferrous Metal or generate 0.0% return on investment in China Nonferrous over 30 days. China Nonferrous is related to or competes with Zijin Mining, Baoshan Iron, and Hoshine Silicon. China Nonferrous is entity of China. It is traded as Stock on SHE exchange. More
China Nonferrous 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 China Nonferrous' 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 China Nonferrous Metal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.036 | |||
| Maximum Drawdown | 19.36 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 5.68 |
China Nonferrous Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Nonferrous' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Nonferrous' standard deviation. In reality, there are many statistical measures that can use China Nonferrous historical prices to predict the future China Nonferrous' volatility.| Risk Adjusted Performance | 0.0707 | |||
| Jensen Alpha | 0.308 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.037 | |||
| Treynor Ratio | (0.40) |
China Nonferrous Metal Backtested Returns
China Nonferrous appears to be moderately volatile, given 3 months investment horizon. China Nonferrous Metal secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Nonferrous Metal, which you can use to evaluate the volatility of the firm. Please makes use of China Nonferrous' Downside Deviation of 2.87, risk adjusted performance of 0.0707, and Mean Deviation of 1.96 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Nonferrous holds a performance score of 11. The firm shows a Beta (market volatility) of -0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Nonferrous are expected to decrease at a much lower rate. During the bear market, China Nonferrous is likely to outperform the market. Please check China Nonferrous' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether China Nonferrous' price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
China Nonferrous Metal has no correlation between past and present. Overlapping area represents the amount of predictability between China Nonferrous time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 China Nonferrous Metal price movement. The serial correlation of 0.0 indicates that just 0.0% of current China Nonferrous price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Nonferrous Metal lagged returns against current returns
Autocorrelation, which is China Nonferrous 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 China Nonferrous' stock expected returns. We can calculate the autocorrelation of China Nonferrous returns to help us make a trade decision. For example, suppose you find that China Nonferrous 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 |
China Nonferrous 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 China Nonferrous stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Nonferrous stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Nonferrous stock over time.
Current vs Lagged Prices |
| Timeline |
China Nonferrous Lagged Returns
When evaluating China Nonferrous' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Nonferrous stock have on its future price. China Nonferrous 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, China Nonferrous autocorrelation shows the relationship between China Nonferrous stock current value and its past values and can show if there is a momentum factor associated with investing in China Nonferrous Metal.
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 China Stock
China Nonferrous financial ratios help investors to determine whether China 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 China with respect to the benefits of owning China Nonferrous security.