Ningbo Thermal (China) Market Value
| 600982 Stock | 4.24 0.01 0.24% |
| Symbol | Ningbo |
Ningbo Thermal '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 Thermal'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 Thermal.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Ningbo Thermal on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Ningbo Thermal Power or generate 0.0% return on investment in Ningbo Thermal over 30 days. Ningbo Thermal is related to or competes with Olympic Circuit, Liuzhou Chemical, ISoftStone Information, Jinsanjiang (Zhaoqing), Soyea Technology, and Bangyan Technology. More
Ningbo Thermal 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 Ningbo Thermal'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 Thermal Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.53 | |||
| Information Ratio | 0.0441 | |||
| Maximum Drawdown | 20.04 | |||
| Value At Risk | (6.22) | |||
| Potential Upside | 9.91 |
Ningbo Thermal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Thermal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Thermal's standard deviation. In reality, there are many statistical measures that can use Ningbo Thermal historical prices to predict the future Ningbo Thermal's volatility.| Risk Adjusted Performance | 0.0377 | |||
| Jensen Alpha | 0.1184 | |||
| Total Risk Alpha | 0.2435 | |||
| Sortino Ratio | 0.0442 | |||
| Treynor Ratio | (0.21) |
Ningbo Thermal Power Backtested Returns
At this point, Ningbo Thermal is relatively risky. Ningbo Thermal Power has Sharpe Ratio of 0.0405, which conveys that the firm had a 0.0405 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Ningbo Thermal, which you can use to evaluate the volatility of the firm. Please verify Ningbo Thermal's Downside Deviation of 3.53, mean deviation of 2.14, and Risk Adjusted Performance of 0.0377 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. Ningbo Thermal has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ningbo Thermal are expected to decrease at a much lower rate. During the bear market, Ningbo Thermal is likely to outperform the market. Ningbo Thermal Power right now secures a risk of 3.54%. Please verify Ningbo Thermal Power standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Ningbo Thermal Power will be following its current price movements.
Auto-correlation | -0.28 |
Weak reverse predictability
Ningbo Thermal Power has weak reverse predictability. Overlapping area represents the amount of predictability between Ningbo Thermal time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 Ningbo Thermal Power price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Ningbo Thermal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ningbo Thermal Power lagged returns against current returns
Autocorrelation, which is Ningbo Thermal 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 Thermal's stock expected returns. We can calculate the autocorrelation of Ningbo Thermal returns to help us make a trade decision. For example, suppose you find that Ningbo Thermal 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 Thermal 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 Thermal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Thermal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Thermal stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Thermal Lagged Returns
When evaluating Ningbo Thermal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Thermal stock have on its future price. Ningbo Thermal 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 Thermal autocorrelation shows the relationship between Ningbo Thermal stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Thermal Power.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ningbo Stock
Ningbo Thermal 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 Thermal security.