Bank of Nanjing (China) Market Value
| 601009 Stock | 10.53 0.03 0.29% |
| Symbol | Bank |
Bank of Nanjing '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 Bank of Nanjing'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 Bank of Nanjing.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Bank of Nanjing on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of Nanjing or generate 0.0% return on investment in Bank of Nanjing over 30 days. Bank of Nanjing is related to or competes with Shandong Homey, Der International, Zoy Home, Nanjing OLO, Xiamen Goldenhome, and Hunan Mendale. Bank of Nanjing is entity of China. It is traded as Stock on SHG exchange. More
Bank of Nanjing 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 Bank of Nanjing'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 Bank of Nanjing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | 0.0213 | |||
| Maximum Drawdown | 14.02 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.11 |
Bank of Nanjing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Nanjing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Nanjing's standard deviation. In reality, there are many statistical measures that can use Bank of Nanjing historical prices to predict the future Bank of Nanjing's volatility.| Risk Adjusted Performance | 0.0349 | |||
| Jensen Alpha | 0.0648 | |||
| Total Risk Alpha | 0.0139 | |||
| Sortino Ratio | 0.0167 | |||
| Treynor Ratio | (0.24) |
Bank of Nanjing Backtested Returns
At this point, Bank of Nanjing is not too volatile. Bank of Nanjing secures Sharpe Ratio (or Efficiency) of 0.0312, which signifies that the company had a 0.0312% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bank of Nanjing, which you can use to evaluate the volatility of the firm. Please confirm Bank of Nanjing's Risk Adjusted Performance of 0.0349, downside deviation of 2.46, and Mean Deviation of 1.17 to double-check if the risk estimate we provide is consistent with the expected return of 0.0587%. Bank of Nanjing has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank of Nanjing are expected to decrease at a much lower rate. During the bear market, Bank of Nanjing is likely to outperform the market. Bank of Nanjing right now shows a risk of 1.88%. Please confirm Bank of Nanjing information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Bank of Nanjing will be following its price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Bank of Nanjing has weak reverse predictability. Overlapping area represents the amount of predictability between Bank of Nanjing time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Bank of Nanjing price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Bank of Nanjing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bank of Nanjing lagged returns against current returns
Autocorrelation, which is Bank of Nanjing 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 Bank of Nanjing's stock expected returns. We can calculate the autocorrelation of Bank of Nanjing returns to help us make a trade decision. For example, suppose you find that Bank of Nanjing 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 |
Bank of Nanjing 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 Bank of Nanjing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Nanjing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of Nanjing stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Nanjing Lagged Returns
When evaluating Bank of Nanjing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Nanjing stock have on its future price. Bank of Nanjing 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, Bank of Nanjing autocorrelation shows the relationship between Bank of Nanjing stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Nanjing.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Stock
Bank of Nanjing financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank of Nanjing security.