Ningxia Building (China) Market Value
| 600449 Stock | 14.31 0.58 3.90% |
| Symbol | Ningxia |
Ningxia Building '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 Ningxia Building'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 Ningxia Building.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Ningxia Building on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Ningxia Building Materials or generate 0.0% return on investment in Ningxia Building over 720 days. Ningxia Building is related to or competes with Heilongjiang Transport, China Marine, Road Environment, AVCON Information, Dawning Information, Northking Information, and CITIC Guoan. Ningxia Building is entity of China. It is traded as Stock on SHG exchange. More
Ningxia Building 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 Ningxia Building'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 Ningxia Building Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.64 | |||
| Information Ratio | 0.1474 | |||
| Maximum Drawdown | 17.78 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 6.14 |
Ningxia Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningxia Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningxia Building's standard deviation. In reality, there are many statistical measures that can use Ningxia Building historical prices to predict the future Ningxia Building's volatility.| Risk Adjusted Performance | 0.1371 | |||
| Jensen Alpha | 0.5597 | |||
| Total Risk Alpha | 0.3618 | |||
| Sortino Ratio | 0.139 | |||
| Treynor Ratio | (2.16) |
Ningxia Building Mat Backtested Returns
Ningxia Building appears to be somewhat reliable, given 3 months investment horizon. Ningxia Building Mat has Sharpe Ratio of 0.0678, which conveys that the firm had a 0.0678% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ningxia Building, which you can use to evaluate the volatility of the firm. Please exercise Ningxia Building's Risk Adjusted Performance of 0.1371, mean deviation of 2.39, and Downside Deviation of 3.64 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningxia Building holds a performance score of 5. The company secures a Beta (Market Risk) of -0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ningxia Building are expected to decrease at a much lower rate. During the bear market, Ningxia Building is likely to outperform the market. Please check Ningxia Building's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Ningxia Building's current price movements will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Ningxia Building Materials has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ningxia Building time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Ningxia Building Mat price movement. The serial correlation of -0.2 indicates that over 20.0% of current Ningxia Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 5.76 |
Ningxia Building Mat lagged returns against current returns
Autocorrelation, which is Ningxia Building 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 Ningxia Building's stock expected returns. We can calculate the autocorrelation of Ningxia Building returns to help us make a trade decision. For example, suppose you find that Ningxia Building 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 |
Ningxia Building 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 Ningxia Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningxia Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningxia Building stock over time.
Current vs Lagged Prices |
| Timeline |
Ningxia Building Lagged Returns
When evaluating Ningxia Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningxia Building stock have on its future price. Ningxia Building 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, Ningxia Building autocorrelation shows the relationship between Ningxia Building stock current value and its past values and can show if there is a momentum factor associated with investing in Ningxia Building Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ningxia Stock
Ningxia Building financial ratios help investors to determine whether Ningxia 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 Ningxia with respect to the benefits of owning Ningxia Building security.