Nanxing Furniture (China) Market Value

002757 Stock   22.28  0.96  4.13%   
Nanxing Furniture's market value is the price at which a share of Nanxing Furniture trades on a public exchange. It measures the collective expectations of Nanxing Furniture Machinery investors about its performance. Nanxing Furniture is trading at 22.28 as of the 17th of March 2025, a 4.13 percent decrease since the beginning of the trading day. The stock's open price was 23.24.
With this module, you can estimate the performance of a buy and hold strategy of Nanxing Furniture Machinery and determine expected loss or profit from investing in Nanxing Furniture over a given investment horizon. Check out Nanxing Furniture Correlation, Nanxing Furniture Volatility and Nanxing Furniture Alpha and Beta module to complement your research on Nanxing Furniture.
Symbol

Please note, there is a significant difference between Nanxing Furniture's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nanxing Furniture is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nanxing Furniture'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.

Nanxing Furniture '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 Nanxing Furniture'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 Nanxing Furniture.
0.00
12/17/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/17/2025
0.00
If you would invest  0.00  in Nanxing Furniture on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Nanxing Furniture Machinery or generate 0.0% return on investment in Nanxing Furniture over 90 days. Nanxing Furniture is related to or competes with Linewell Software, Sinofibers Technology, Songz Automobile, Northking Information, Jiujiang Shanshui, Iat Automobile, and Sinomach Automobile. More

Nanxing Furniture 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 Nanxing Furniture'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 Nanxing Furniture Machinery upside and downside potential and time the market with a certain degree of confidence.

Nanxing Furniture Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanxing Furniture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanxing Furniture's standard deviation. In reality, there are many statistical measures that can use Nanxing Furniture historical prices to predict the future Nanxing Furniture's volatility.
Hype
Prediction
LowEstimatedHigh
17.2922.2827.27
Details
Intrinsic
Valuation
LowRealHigh
12.6917.6822.67
Details
Naive
Forecast
LowNextHigh
18.9523.9428.92
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
18.0822.6227.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nanxing Furniture. Your research has to be compared to or analyzed against Nanxing Furniture's peers to derive any actionable benefits. When done correctly, Nanxing Furniture'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 Nanxing Furniture.

Nanxing Furniture Backtested Returns

Nanxing Furniture appears to be somewhat reliable, given 3 months investment horizon. Nanxing Furniture has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16 % return per unit of risk over the last 3 months. By analyzing Nanxing Furniture's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please exercise Nanxing Furniture's Mean Deviation of 4.0, downside deviation of 4.27, and Risk Adjusted Performance of 0.1508 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanxing Furniture holds a performance score of 12. The company secures a Beta (Market Risk) of 0.0062, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nanxing Furniture's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nanxing Furniture is expected to be smaller as well. Please check Nanxing Furniture's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Nanxing Furniture's current price movements will revert.

Auto-correlation

    
  -0.27  

Weak reverse predictability

Nanxing Furniture Machinery has weak reverse predictability. Overlapping area represents the amount of predictability between Nanxing Furniture 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 Nanxing Furniture price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Nanxing Furniture price fluctuation can be explain by its past prices.
Correlation Coefficient-0.27
Spearman Rank Test-0.02
Residual Average0.0
Price Variance6.65
Nanxing ReturnsNanxing Lagged ReturnsDiversified AwayNanxing ReturnsNanxing Lagged ReturnsDiversified Away100%

Nanxing Furniture lagged returns against current returns

Autocorrelation, which is Nanxing Furniture 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 Nanxing Furniture's stock expected returns. We can calculate the autocorrelation of Nanxing Furniture returns to help us make a trade decision. For example, suppose you find that Nanxing Furniture 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   
JavaScript chart by amCharts 3.21.15FebFeb 10Feb 15Feb 20Feb 25MarMar 07Mar 12Mar 170%10%20%30%40%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

Nanxing Furniture 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 Nanxing Furniture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanxing Furniture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanxing Furniture stock over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15FebFeb 10Feb 15Feb 20Feb 25MarMar 07Mar 12Mar 1715161718192021222324
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

Nanxing Furniture Lagged Returns

When evaluating Nanxing Furniture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanxing Furniture stock have on its future price. Nanxing Furniture 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, Nanxing Furniture autocorrelation shows the relationship between Nanxing Furniture stock current value and its past values and can show if there is a momentum factor associated with investing in Nanxing Furniture Machinery.
   Regressed Prices   
JavaScript chart by amCharts 3.21.152025FebMar14161820222426
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

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Other Information on Investing in Nanxing Stock

Nanxing Furniture financial ratios help investors to determine whether Nanxing 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 Nanxing with respect to the benefits of owning Nanxing Furniture security.
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