Ningbo Bird's market value is the price at which a share of Ningbo Bird trades on a public exchange. It measures the collective expectations of Ningbo Bird Co investors about its performance. Ningbo Bird is trading at 4.72 as of the 31st of December 2024, a 1.87 percent decrease since the beginning of the trading day. The stock's open price was 4.81. With this module, you can estimate the performance of a buy and hold strategy of Ningbo Bird Co and determine expected loss or profit from investing in Ningbo Bird over a given investment horizon. Check out Ningbo Bird Correlation, Ningbo Bird Volatility and Ningbo Bird Alpha and Beta module to complement your research on Ningbo Bird.
Please note, there is a significant difference between Ningbo Bird's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ningbo Bird is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ningbo Bird'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 Bird '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 Bird'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 Bird.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ningbo Bird'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 Bird Co 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 Bird's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Bird's standard deviation. In reality, there are many statistical measures that can use Ningbo Bird historical prices to predict the future Ningbo Bird's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ningbo Bird. Your research has to be compared to or analyzed against Ningbo Bird's peers to derive any actionable benefits. When done correctly, Ningbo Bird'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 Bird.
Ningbo Bird Backtested Returns
At this point, Ningbo Bird is unstable. Ningbo Bird has Sharpe Ratio of 0.0366, which conveys that the firm had a 0.0366% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ningbo Bird, which you can use to evaluate the volatility of the firm. Please verify Ningbo Bird's Mean Deviation of 3.55, risk adjusted performance of 0.0377, and Downside Deviation of 4.73 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Ningbo Bird has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Ningbo Bird's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ningbo Bird is expected to be smaller as well. Ningbo Bird right now secures a risk of 4.67%. Please verify Ningbo Bird Co downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Ningbo Bird Co will be following its current price movements.
Auto-correlation
-0.58
Good reverse predictability
Ningbo Bird Co has good reverse predictability. Overlapping area represents the amount of predictability between Ningbo Bird time series from 1st of December 2024 to 16th of December 2024 and 16th of December 2024 to 31st 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 Ningbo Bird price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Ningbo Bird price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.58
Spearman Rank Test
-0.2
Residual Average
0.0
Price Variance
0.11
Ningbo Bird lagged returns against current returns
Autocorrelation, which is Ningbo Bird 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 Bird's stock expected returns. We can calculate the autocorrelation of Ningbo Bird returns to help us make a trade decision. For example, suppose you find that Ningbo Bird 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 Bird 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 Bird stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Bird stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Bird stock over time.
Current vs Lagged Prices
Timeline
Ningbo Bird Lagged Returns
When evaluating Ningbo Bird's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Bird stock have on its future price. Ningbo Bird 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 Bird autocorrelation shows the relationship between Ningbo Bird stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Bird Co.
Ningbo Bird 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 Bird security.