Ningbo Jianan's market value is the price at which a share of Ningbo Jianan trades on a public exchange. It measures the collective expectations of Ningbo Jianan Electronics investors about its performance. Ningbo Jianan is trading at 21.77 as of the 19th of January 2025, a 0.51 percent increase since the beginning of the trading day. The stock's open price was 21.66. With this module, you can estimate the performance of a buy and hold strategy of Ningbo Jianan Electronics and determine expected loss or profit from investing in Ningbo Jianan over a given investment horizon. Check out Ningbo Jianan Correlation, Ningbo Jianan Volatility and Ningbo Jianan Alpha and Beta module to complement your research on Ningbo Jianan.
Please note, there is a significant difference between Ningbo Jianan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ningbo Jianan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ningbo Jianan'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.
Ningbo Jianan '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 Jianan'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 Jianan.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in Ningbo Jianan on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo Jianan Electronics or generate 0.0% return on investment in Ningbo Jianan over 30 days. Ningbo Jianan is related to or competes with BeiGene, Kweichow Moutai, Beijing Roborock, G Bits, China Mobile, Jiangsu Bioperfectus, and Changchun High. Ningbo Jianan is entity of China. It is traded as Stock on SHE exchange. More
Ningbo Jianan 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 Jianan'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 Jianan Electronics 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 Ningbo Jianan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Jianan's standard deviation. In reality, there are many statistical measures that can use Ningbo Jianan historical prices to predict the future Ningbo Jianan's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ningbo Jianan. Your research has to be compared to or analyzed against Ningbo Jianan's peers to derive any actionable benefits. When done correctly, Ningbo Jianan'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 Ningbo Jianan Electronics.
Ningbo Jianan Electronics Backtested Returns
At this point, Ningbo Jianan is not too volatile. Ningbo Jianan Electronics has Sharpe Ratio of 0.0042, which conveys that the firm had a 0.0042% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ningbo Jianan, which you can use to evaluate the volatility of the firm. Please verify Ningbo Jianan's Mean Deviation of 2.35, downside deviation of 2.73, and Risk Adjusted Performance of 0.0369 to check out if the risk estimate we provide is consistent with the expected return of 0.0124%. The company secures a Beta (Market Risk) of 0.5, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Ningbo Jianan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ningbo Jianan is expected to be smaller as well. Ningbo Jianan Electronics right now secures a risk of 2.95%. Please verify Ningbo Jianan Electronics downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Ningbo Jianan Electronics will be following its current price movements.
Auto-correlation
-0.88
Excellent reverse predictability
Ningbo Jianan Electronics has excellent reverse predictability. Overlapping area represents the amount of predictability between Ningbo Jianan time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th 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 Ningbo Jianan Electronics price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Ningbo Jianan price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.88
Spearman Rank Test
-0.34
Residual Average
0.0
Price Variance
0.38
Ningbo Jianan Electronics lagged returns against current returns
Autocorrelation, which is Ningbo Jianan 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 Jianan's stock expected returns. We can calculate the autocorrelation of Ningbo Jianan returns to help us make a trade decision. For example, suppose you find that Ningbo Jianan 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 Jianan 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 Jianan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Jianan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Jianan stock over time.
Current vs Lagged Prices
Timeline
Ningbo Jianan Lagged Returns
When evaluating Ningbo Jianan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Jianan stock have on its future price. Ningbo Jianan 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 Jianan autocorrelation shows the relationship between Ningbo Jianan stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Jianan Electronics.
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.
Ningbo Jianan 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 Jianan security.