Nsfocus Information (China) Market Value
| 300369 Stock | 6.92 0.08 1.17% |
| Symbol | Nsfocus |
Nsfocus 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 Nsfocus 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 Nsfocus Information.
| 10/23/2024 |
| 01/21/2025 |
If you would invest 0.00 in Nsfocus Information on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Nsfocus Information Technology or generate 0.0% return on investment in Nsfocus Information over 90 days. Nsfocus Information is related to or competes with PetroChina, Industrial, China Petroleum, China Construction, Agricultural Bank, Bank of China, and CNOOC. Nsfocus Information is entity of China. It is traded as Stock on SHE exchange. More
Nsfocus 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 Nsfocus 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 Nsfocus Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 17.32 | |||
| Value At Risk | (5.96) | |||
| Potential Upside | 4.19 |
Nsfocus Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nsfocus Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nsfocus Information's standard deviation. In reality, there are many statistical measures that can use Nsfocus Information historical prices to predict the future Nsfocus Information's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.76) |
Nsfocus Information Backtested Returns
Nsfocus Information has Sharpe Ratio of -0.0841, which conveys that the firm had a -0.0841 % return per unit of risk over the last 3 months. Nsfocus Information exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nsfocus Information's Mean Deviation of 2.65, standard deviation of 3.42, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nsfocus Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nsfocus Information is expected to be smaller as well. At this point, Nsfocus Information has a negative expected return of -0.29%. Please make sure to verify Nsfocus Information's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Nsfocus Information performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Nsfocus Information Technology has below average predictability. Overlapping area represents the amount of predictability between Nsfocus Information time series from 23rd of October 2024 to 7th of December 2024 and 7th of December 2024 to 21st 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 Nsfocus Information price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Nsfocus Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
Nsfocus Information lagged returns against current returns
Autocorrelation, which is Nsfocus 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 Nsfocus Information's stock expected returns. We can calculate the autocorrelation of Nsfocus Information returns to help us make a trade decision. For example, suppose you find that Nsfocus 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 |
Nsfocus 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 Nsfocus Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nsfocus Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nsfocus Information stock over time.
Current vs Lagged Prices |
| Timeline |
Nsfocus Information Lagged Returns
When evaluating Nsfocus Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nsfocus Information stock have on its future price. Nsfocus 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, Nsfocus Information autocorrelation shows the relationship between Nsfocus Information stock current value and its past values and can show if there is a momentum factor associated with investing in Nsfocus 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 Nsfocus Stock
Nsfocus Information financial ratios help investors to determine whether Nsfocus 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 Nsfocus with respect to the benefits of owning Nsfocus Information security.