Ningbo Kangqiang (China) Market Value
| 002119 Stock | 18.18 0.45 2.54% |
| Symbol | Ningbo |
Ningbo Kangqiang '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 Ningbo Kangqiang'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 Ningbo Kangqiang.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Ningbo Kangqiang on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo Kangqiang Electronics or generate 0.0% return on investment in Ningbo Kangqiang over 90 days. Ningbo Kangqiang is related to or competes with NBTM New, Jiangsu Yueda, Chongqing Sulian, Grinm Advanced, Fuda Alloy, GRIPM Advanced, and Tieling Newcity. Ningbo Kangqiang is entity of China. It is traded as Stock on SHE exchange. More
Ningbo Kangqiang 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 Ningbo Kangqiang'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 Ningbo Kangqiang Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.45 | |||
| Information Ratio | 0.1176 | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 6.98 |
Ningbo Kangqiang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Kangqiang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Kangqiang's standard deviation. In reality, there are many statistical measures that can use Ningbo Kangqiang historical prices to predict the future Ningbo Kangqiang's volatility.| Risk Adjusted Performance | 0.088 | |||
| Jensen Alpha | 0.3449 | |||
| Total Risk Alpha | 0.8354 | |||
| Sortino Ratio | 0.1327 | |||
| Treynor Ratio | (11.16) |
Ningbo Kangqiang Ele Backtested Returns
Ningbo Kangqiang appears to be somewhat reliable, given 3 months investment horizon. Ningbo Kangqiang Ele has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. By analyzing Ningbo Kangqiang's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Ningbo Kangqiang's Risk Adjusted Performance of 0.088, downside deviation of 3.45, and Mean Deviation of 2.99 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Kangqiang holds a performance score of 10. The company secures a Beta (Market Risk) of -0.0312, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ningbo Kangqiang are expected to decrease at a much lower rate. During the bear market, Ningbo Kangqiang is likely to outperform the market. Please check Ningbo Kangqiang's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Ningbo Kangqiang's current price movements will revert.
Auto-correlation | 0.30 |
Below average predictability
Ningbo Kangqiang Electronics has below average predictability. Overlapping area represents the amount of predictability between Ningbo Kangqiang 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 Ningbo Kangqiang Ele price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Ningbo Kangqiang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Ningbo Kangqiang Ele lagged returns against current returns
Autocorrelation, which is Ningbo Kangqiang 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 Ningbo Kangqiang's stock expected returns. We can calculate the autocorrelation of Ningbo Kangqiang returns to help us make a trade decision. For example, suppose you find that Ningbo Kangqiang 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 |
Ningbo Kangqiang 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 Ningbo Kangqiang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Kangqiang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Kangqiang stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Kangqiang Lagged Returns
When evaluating Ningbo Kangqiang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Kangqiang stock have on its future price. Ningbo Kangqiang 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, Ningbo Kangqiang autocorrelation shows the relationship between Ningbo Kangqiang stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Kangqiang Electronics.
Regressed Prices |
| Timeline |
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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 Ningbo Stock
Ningbo Kangqiang financial ratios help investors to determine whether Ningbo 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 Ningbo with respect to the benefits of owning Ningbo Kangqiang security.