Nuode Investment (China) Market Value
| 600110 Stock | 4.30 0.12 2.87% |
| Symbol | Nuode |
Nuode Investment '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 Nuode Investment'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 Nuode Investment.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Nuode Investment on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Nuode Investment Co or generate 0.0% return on investment in Nuode Investment over 90 days. Nuode Investment is related to or competes with China Eastern, Jiangsu Yueda, Xinxiang Chemical, Dymatic Chemicals, North Chemical, and Jointo Energy. Nuode Investment is entity of China. It is traded as Stock on SHG exchange. More
Nuode Investment 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 Nuode Investment'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 Nuode Investment Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0308 | |||
| Maximum Drawdown | 12.21 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 2.87 |
Nuode Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuode Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuode Investment's standard deviation. In reality, there are many statistical measures that can use Nuode Investment historical prices to predict the future Nuode Investment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.2263 | |||
| Treynor Ratio | (0.56) |
Nuode Investment Backtested Returns
Nuode Investment has Sharpe Ratio of -0.0256, which conveys that the firm had a -0.0256 % return per unit of risk over the last 3 months. Nuode Investment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nuode Investment's Mean Deviation of 1.64, risk adjusted performance of (0.01), and Standard Deviation of 2.15 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0764, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuode Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuode Investment is expected to be smaller as well. At this point, Nuode Investment has a negative expected return of -0.0555%. Please make sure to verify Nuode Investment's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Nuode Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.89 |
Excellent reverse predictability
Nuode Investment Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Nuode Investment 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 Nuode Investment price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Nuode Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Nuode Investment lagged returns against current returns
Autocorrelation, which is Nuode Investment 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 Nuode Investment's stock expected returns. We can calculate the autocorrelation of Nuode Investment returns to help us make a trade decision. For example, suppose you find that Nuode Investment 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 |
Nuode Investment 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 Nuode Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuode Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuode Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Nuode Investment Lagged Returns
When evaluating Nuode Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuode Investment stock have on its future price. Nuode Investment 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, Nuode Investment autocorrelation shows the relationship between Nuode Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Nuode Investment Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nuode Stock
Nuode Investment financial ratios help investors to determine whether Nuode 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 Nuode with respect to the benefits of owning Nuode Investment security.