Northking Information (China) Market Value
| 002987 Stock | 15.23 0.02 0.13% |
| Symbol | Northking |
Northking Information '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 Northking Information'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 Northking Information.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Northking Information on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Northking Information Technology or generate 0.0% return on investment in Northking Information over 30 days. Northking Information is related to or competes with Dazhong Transportation, Westone Information, Yonyou Auto, Fujian Longzhou, Tongding Interconnection, Road Environment, and CITIC Guoan. Northking Information is entity of China More
Northking Information 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 Northking Information'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 Northking Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.06 | |||
| Information Ratio | 0.1558 | |||
| Maximum Drawdown | 18.64 | |||
| Value At Risk | (6.79) | |||
| Potential Upside | 9.98 |
Northking Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northking Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northking Information's standard deviation. In reality, there are many statistical measures that can use Northking Information historical prices to predict the future Northking Information's volatility.| Risk Adjusted Performance | 0.1376 | |||
| Jensen Alpha | 0.6472 | |||
| Total Risk Alpha | 0.5606 | |||
| Sortino Ratio | 0.1577 | |||
| Treynor Ratio | 1.03 |
Northking Information Backtested Returns
Northking Information appears to be somewhat reliable, given 3 months investment horizon. Northking Information has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Northking Information's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please exercise Northking Information's Downside Deviation of 4.06, risk adjusted performance of 0.1376, and Mean Deviation of 3.03 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northking Information holds a performance score of 11. The company secures a Beta (Market Risk) of 0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northking Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northking Information is expected to be smaller as well. Please check Northking Information's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Northking Information's current price movements will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Northking Information Technology has virtually no predictability. Overlapping area represents the amount of predictability between Northking Information time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Northking Information price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Northking Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Northking Information lagged returns against current returns
Autocorrelation, which is Northking Information 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 Northking Information's stock expected returns. We can calculate the autocorrelation of Northking Information returns to help us make a trade decision. For example, suppose you find that Northking Information 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 |
Northking Information 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 Northking Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northking Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northking Information stock over time.
Current vs Lagged Prices |
| Timeline |
Northking Information Lagged Returns
When evaluating Northking Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northking Information stock have on its future price. Northking Information 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, Northking Information autocorrelation shows the relationship between Northking Information stock current value and its past values and can show if there is a momentum factor associated with investing in Northking Information Technology.
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 Northking Stock
Northking Information financial ratios help investors to determine whether Northking 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 Northking with respect to the benefits of owning Northking Information security.