Hunan Nanling (China) Market Value
| 002096 Stock | 12.26 0.12 0.99% |
| Symbol | Hunan |
Hunan Nanling '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 Hunan Nanling'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 Hunan Nanling.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hunan Nanling on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Hunan Nanling Industrial or generate 0.0% return on investment in Hunan Nanling over 180 days. Hunan Nanling is related to or competes with Guangzhou Haige, Jointo Energy, Harbin Hatou, Kunwu Jiuding, Chengdu Xingrong, Jiangsu Yueda, and Guangdong Shenglu. Hunan Nanling is entity of China. It is traded as Stock on SHE exchange. More
Hunan Nanling 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 Hunan Nanling'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 Hunan Nanling Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.0123 | |||
| Maximum Drawdown | 13.27 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 4.3 |
Hunan Nanling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hunan Nanling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hunan Nanling's standard deviation. In reality, there are many statistical measures that can use Hunan Nanling historical prices to predict the future Hunan Nanling's volatility.| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | 0.1375 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0128 | |||
| Treynor Ratio | 0.9076 |
Hunan Nanling Industrial Backtested Returns
At this point, Hunan Nanling is somewhat reliable. Hunan Nanling Industrial holds Efficiency (Sharpe) Ratio of 0.0263, which attests that the entity had a 0.0263% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hunan Nanling Industrial, which you can use to evaluate the volatility of the firm. Please check out Hunan Nanling's Market Risk Adjusted Performance of 0.9176, risk adjusted performance of 0.0563, and Downside Deviation of 2.53 to validate if the risk estimate we provide is consistent with the expected return of 0.0721%. Hunan Nanling has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hunan Nanling's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hunan Nanling is expected to be smaller as well. Hunan Nanling Industrial right now retains a risk of 2.74%. Please check out Hunan Nanling coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Hunan Nanling will be following its current trending patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Hunan Nanling Industrial has modest reverse predictability. Overlapping area represents the amount of predictability between Hunan Nanling time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Hunan Nanling Industrial price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Hunan Nanling price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Hunan Nanling Industrial lagged returns against current returns
Autocorrelation, which is Hunan Nanling 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 Hunan Nanling's stock expected returns. We can calculate the autocorrelation of Hunan Nanling returns to help us make a trade decision. For example, suppose you find that Hunan Nanling 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 |
Hunan Nanling 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 Hunan Nanling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hunan Nanling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hunan Nanling stock over time.
Current vs Lagged Prices |
| Timeline |
Hunan Nanling Lagged Returns
When evaluating Hunan Nanling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hunan Nanling stock have on its future price. Hunan Nanling 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, Hunan Nanling autocorrelation shows the relationship between Hunan Nanling stock current value and its past values and can show if there is a momentum factor associated with investing in Hunan Nanling Industrial.
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 Hunan Stock
Hunan Nanling financial ratios help investors to determine whether Hunan 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 Hunan with respect to the benefits of owning Hunan Nanling security.