Nanning Chemical (China) Market Value
| 600301 Stock | 16.78 0.22 1.29% |
| Symbol | Nanning |
Nanning Chemical '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 Nanning Chemical'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 Nanning Chemical.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Nanning Chemical on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nanning Chemical Industry or generate 0.0% return on investment in Nanning Chemical over 60 days. Nanning Chemical is related to or competes with Guotai Epoint, Guangzhou Jointas, Shenzhen Noposion, Jilin Chemical, Inspur Software, Beijing Baolande, and Shandong Rike. More
Nanning Chemical 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 Nanning Chemical'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 Nanning Chemical Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.91 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 5.54 |
Nanning Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanning Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanning Chemical's standard deviation. In reality, there are many statistical measures that can use Nanning Chemical historical prices to predict the future Nanning Chemical's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.5672 |
Nanning Chemical Industry Backtested Returns
Nanning Chemical Industry has Sharpe Ratio of -0.0427, which conveys that the firm had a -0.0427% return per unit of risk over the last 3 months. Nanning Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nanning Chemical's Standard Deviation of 2.85, mean deviation of 1.98, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nanning Chemical are expected to decrease at a much lower rate. During the bear market, Nanning Chemical is likely to outperform the market. At this point, Nanning Chemical Industry has a negative expected return of -0.12%. Please make sure to verify Nanning Chemical's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Nanning Chemical Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Nanning Chemical Industry has modest predictability. Overlapping area represents the amount of predictability between Nanning Chemical time series from 5th of November 2024 to 5th of December 2024 and 5th 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 Nanning Chemical Industry price movement. The serial correlation of 0.5 indicates that about 50.0% of current Nanning Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Nanning Chemical Industry lagged returns against current returns
Autocorrelation, which is Nanning Chemical 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 Nanning Chemical's stock expected returns. We can calculate the autocorrelation of Nanning Chemical returns to help us make a trade decision. For example, suppose you find that Nanning Chemical 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 |
Nanning Chemical 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 Nanning Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanning Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanning Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Nanning Chemical Lagged Returns
When evaluating Nanning Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanning Chemical stock have on its future price. Nanning Chemical 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, Nanning Chemical autocorrelation shows the relationship between Nanning Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Nanning Chemical Industry.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nanning Stock
Nanning Chemical financial ratios help investors to determine whether Nanning 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 Nanning with respect to the benefits of owning Nanning Chemical security.