Ningbo Boway (China) Market Value
| 601137 Stock | 19.67 0.63 3.10% |
| Symbol | Ningbo |
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.
| 10/11/2023 |
| 01/03/2025 |
If you would invest 0.00 in Ningbo Boway on October 11, 2023 and sell it all today you would earn a total of 0.00 from holding Ningbo Boway Alloy or generate 0.0% return on investment in Ningbo Boway over 450 days. Ningbo Boway is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, and Zhejiang Juhua. Ningbo Boway is entity of China. It is traded as Stock on SHG exchange. More
Ningbo Boway 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 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.
| Downside Deviation | 3.36 | |||
| Information Ratio | 0.1478 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 6.56 |
Ningbo Boway Market Risk Indicators
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.| Risk Adjusted Performance | 0.1294 | |||
| Jensen Alpha | 0.5355 | |||
| Total Risk Alpha | 0.5277 | |||
| Sortino Ratio | 0.1587 | |||
| Treynor Ratio | (1.43) |
Ningbo Boway Alloy Backtested Returns
At this point, Ningbo Boway is not too volatile. Ningbo Boway Alloy has Sharpe Ratio of 0.0453, which conveys that the firm had a 0.0453% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ningbo Boway, which you can use to evaluate the volatility of the firm. Please verify Ningbo Boway's Risk Adjusted Performance of 0.1294, downside deviation of 3.36, and Mean Deviation of 2.66 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Ningbo Boway has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ningbo Boway are expected to decrease at a much lower rate. During the bear market, Ningbo Boway is likely to outperform the market. Ningbo Boway Alloy right now secures a risk of 3.3%. Please verify Ningbo Boway Alloy standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Ningbo Boway Alloy will be following its current price movements.
Auto-correlation | 0.42 |
Average predictability
Ningbo Boway Alloy has average predictability. Overlapping area represents the amount of predictability between Ningbo Boway time series from 11th of October 2023 to 23rd of May 2024 and 23rd of May 2024 to 3rd of January 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 Boway Alloy price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Ningbo Boway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 5.13 |
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 |
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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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ningbo Stock
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.