Nan Yang's market value is the price at which a share of Nan Yang trades on a public exchange. It measures the collective expectations of Nan Yang Dyeing investors about its performance. Nan Yang is selling for under 35.50 as of the 4th of January 2025; that is 0.14 percent increase since the beginning of the trading day. The stock's lowest day price was 35.35. With this module, you can estimate the performance of a buy and hold strategy of Nan Yang Dyeing and determine expected loss or profit from investing in Nan Yang over a given investment horizon. Check out Nan Yang Correlation, Nan Yang Volatility and Nan Yang Alpha and Beta module to complement your research on Nan Yang.
Please note, there is a significant difference between Nan Yang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nan Yang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nan Yang'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.
Nan Yang '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 Nan Yang'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 Nan Yang.
0.00
12/05/2024
No Change 0.00
0.0
In 30 days
01/04/2025
0.00
If you would invest 0.00 in Nan Yang on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nan Yang Dyeing or generate 0.0% return on investment in Nan Yang over 30 days. Nan Yang is related to or competes with Hung Chou, Shinkong Synthetic, Carnival Industrial, Tung Ho, and Shinkong Textile. ,Ltd engages in dyeing, printing, finishing, knitting, processing, and selling fabrics More
Nan Yang 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 Nan Yang'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 Nan Yang Dyeing upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nan Yang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nan Yang's standard deviation. In reality, there are many statistical measures that can use Nan Yang historical prices to predict the future Nan Yang's volatility.
Nan Yang Dyeing has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Nan Yang exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nan Yang's Risk Adjusted Performance of (0.10), standard deviation of 0.5431, and Mean Deviation of 0.4008 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0446, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nan Yang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nan Yang is expected to be smaller as well. At this point, Nan Yang Dyeing has a negative expected return of -0.0642%. Please make sure to verify Nan Yang's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Nan Yang Dyeing performance from the past will be repeated at some point in the near future.
Auto-correlation
0.59
Modest predictability
Nan Yang Dyeing has modest predictability. Overlapping area represents the amount of predictability between Nan Yang time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 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 Nan Yang Dyeing price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Nan Yang price fluctuation can be explain by its past prices.
Correlation Coefficient
0.59
Spearman Rank Test
0.33
Residual Average
0.0
Price Variance
0.14
Nan Yang Dyeing lagged returns against current returns
Autocorrelation, which is Nan Yang 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 Nan Yang's stock expected returns. We can calculate the autocorrelation of Nan Yang returns to help us make a trade decision. For example, suppose you find that Nan Yang 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
Nan Yang 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 Nan Yang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nan Yang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nan Yang stock over time.
Current vs Lagged Prices
Timeline
Nan Yang Lagged Returns
When evaluating Nan Yang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nan Yang stock have on its future price. Nan Yang 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, Nan Yang autocorrelation shows the relationship between Nan Yang stock current value and its past values and can show if there is a momentum factor associated with investing in Nan Yang Dyeing.
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.
When running Nan Yang's price analysis, check to measure Nan Yang's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nan Yang is operating at the current time. Most of Nan Yang's value examination focuses on studying past and present price action to predict the probability of Nan Yang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nan Yang's price. Additionally, you may evaluate how the addition of Nan Yang to your portfolios can decrease your overall portfolio volatility.