Ningbo Boway's market value is the price at which a share of Ningbo Boway trades on a public exchange. It measures the collective expectations of Ningbo Boway Alloy investors about its performance. Ningbo Boway is trading at 20.30 as of the 31st of December 2024, a 9.98 percent decrease since the beginning of the trading day. The stock's open price was 22.55. With this module, you can estimate the performance of a buy and hold strategy of Ningbo Boway Alloy and determine expected loss or profit from investing in Ningbo Boway over a given investment horizon. Check out Ningbo Boway Correlation, Ningbo Boway Volatility and Ningbo Boway Alpha and Beta module to complement your research on Ningbo Boway.
Please note, there is a significant difference between Ningbo Boway's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ningbo Boway is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ningbo Boway's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Ningbo Boway '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 Boway'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 Boway.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ningbo Boway'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 Boway Alloy upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Boway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Boway's standard deviation. In reality, there are many statistical measures that can use Ningbo Boway historical prices to predict the future Ningbo Boway's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ningbo Boway. Your research has to be compared to or analyzed against Ningbo Boway's peers to derive any actionable benefits. When done correctly, Ningbo Boway's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ningbo Boway Alloy.
Ningbo Boway Alloy Backtested Returns
Ningbo Boway appears to be not too volatile, given 3 months investment horizon. Ningbo Boway Alloy has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ningbo Boway, which you can use to evaluate the volatility of the firm. Please exercise Ningbo Boway's Risk Adjusted Performance of 0.2053, mean deviation of 2.57, and Downside Deviation of 2.82 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Boway holds a performance score of 9. The company secures a Beta (Market Risk) of -1.04, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Ningbo Boway are expected to decrease slowly. On the other hand, during market turmoil, Ningbo Boway is expected to outperform it slightly. Please check Ningbo Boway's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Ningbo Boway's current price movements will revert.
Auto-correlation
0.16
Very weak predictability
Ningbo Boway Alloy has very weak predictability. Overlapping area represents the amount of predictability between Ningbo Boway time series from 1st of December 2024 to 16th of December 2024 and 16th of December 2024 to 31st 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 Ningbo Boway Alloy price movement. The serial correlation of 0.16 indicates that over 16.0% of current Ningbo Boway price fluctuation can be explain by its past prices.
Correlation Coefficient
0.16
Spearman Rank Test
0.45
Residual Average
0.0
Price Variance
2.27
Ningbo Boway Alloy lagged returns against current returns
Autocorrelation, which is Ningbo Boway 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 Boway's stock expected returns. We can calculate the autocorrelation of Ningbo Boway returns to help us make a trade decision. For example, suppose you find that Ningbo Boway 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 Boway 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 Boway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Boway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Boway stock over time.
Current vs Lagged Prices
Timeline
Ningbo Boway Lagged Returns
When evaluating Ningbo Boway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Boway stock have on its future price. Ningbo Boway 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 Boway autocorrelation shows the relationship between Ningbo Boway stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Boway Alloy.
Ningbo Boway 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 Boway security.