Nantong Jiangshan (China) Market Value
| 600389 Stock | 15.70 0.24 1.51% |
| Symbol | Nantong |
Nantong Jiangshan '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 Nantong Jiangshan'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 Nantong Jiangshan.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Nantong Jiangshan on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Nantong Jiangshan Agrochemical or generate 0.0% return on investment in Nantong Jiangshan over 30 days. Nantong Jiangshan is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Nantong Jiangshan is entity of China. It is traded as Stock on SHG exchange. More
Nantong Jiangshan 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 Nantong Jiangshan'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 Nantong Jiangshan Agrochemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.0636 | |||
| Maximum Drawdown | 17.11 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 4.44 |
Nantong Jiangshan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nantong Jiangshan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nantong Jiangshan's standard deviation. In reality, there are many statistical measures that can use Nantong Jiangshan historical prices to predict the future Nantong Jiangshan's volatility.| Risk Adjusted Performance | 0.0807 | |||
| Jensen Alpha | 0.2969 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.065 | |||
| Treynor Ratio | (0.62) |
Nantong Jiangshan Backtested Returns
Nantong Jiangshan appears to be somewhat reliable, given 3 months investment horizon. Nantong Jiangshan has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nantong Jiangshan, which you can use to evaluate the volatility of the firm. Please exercise Nantong Jiangshan's Downside Deviation of 2.6, risk adjusted performance of 0.0807, and Mean Deviation of 1.94 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nantong Jiangshan holds a performance score of 11. The company secures a Beta (Market Risk) of -0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nantong Jiangshan are expected to decrease at a much lower rate. During the bear market, Nantong Jiangshan is likely to outperform the market. Please check Nantong Jiangshan's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Nantong Jiangshan's current price movements will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Nantong Jiangshan Agrochemical has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nantong Jiangshan time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Nantong Jiangshan price movement. The serial correlation of -0.72 indicates that around 72.0% of current Nantong Jiangshan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Nantong Jiangshan lagged returns against current returns
Autocorrelation, which is Nantong Jiangshan 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 Nantong Jiangshan's stock expected returns. We can calculate the autocorrelation of Nantong Jiangshan returns to help us make a trade decision. For example, suppose you find that Nantong Jiangshan 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 |
Nantong Jiangshan 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 Nantong Jiangshan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nantong Jiangshan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nantong Jiangshan stock over time.
Current vs Lagged Prices |
| Timeline |
Nantong Jiangshan Lagged Returns
When evaluating Nantong Jiangshan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nantong Jiangshan stock have on its future price. Nantong Jiangshan 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, Nantong Jiangshan autocorrelation shows the relationship between Nantong Jiangshan stock current value and its past values and can show if there is a momentum factor associated with investing in Nantong Jiangshan Agrochemical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nantong Stock
Nantong Jiangshan financial ratios help investors to determine whether Nantong 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 Nantong with respect to the benefits of owning Nantong Jiangshan security.