Ningbo Construction (China) Market Value
| 601789 Stock | 4.94 0.14 2.92% |
| Symbol | Ningbo |
Ningbo Construction '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 Construction'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 Construction.
| 07/21/2023 |
| 12/12/2024 |
If you would invest 0.00 in Ningbo Construction on July 21, 2023 and sell it all today you would earn a total of 0.00 from holding Ningbo Construction Co or generate 0.0% return on investment in Ningbo Construction over 510 days. Ningbo Construction is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Jiangsu Seagull, Inner Mongolia, Shanghai Zhangjiang, and 3onedata. Ningbo Construction is entity of China. It is traded as Stock on SHG exchange. More
Ningbo Construction 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 Construction'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 Construction Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | 0.134 | |||
| Maximum Drawdown | 20.08 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 9.96 |
Ningbo Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Construction's standard deviation. In reality, there are many statistical measures that can use Ningbo Construction historical prices to predict the future Ningbo Construction's volatility.| Risk Adjusted Performance | 0.1297 | |||
| Jensen Alpha | 0.6767 | |||
| Total Risk Alpha | 0.026 | |||
| Sortino Ratio | 0.1531 | |||
| Treynor Ratio | (0.88) |
Ningbo Construction Backtested Returns
Ningbo Construction appears to be relatively risky, given 3 months investment horizon. Ningbo Construction has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Ningbo Construction's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please exercise Ningbo Construction's Risk Adjusted Performance of 0.1297, downside deviation of 3.16, and Mean Deviation of 2.51 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Construction holds a performance score of 15. The company secures a Beta (Market Risk) of -0.68, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ningbo Construction are expected to decrease at a much lower rate. During the bear market, Ningbo Construction is likely to outperform the market. Please check Ningbo Construction'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 Construction's current price movements will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Ningbo Construction Co has virtually no predictability. Overlapping area represents the amount of predictability between Ningbo Construction time series from 21st of July 2023 to 1st of April 2024 and 1st of April 2024 to 12th 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 Construction price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Ningbo Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Ningbo Construction lagged returns against current returns
Autocorrelation, which is Ningbo Construction 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 Construction's stock expected returns. We can calculate the autocorrelation of Ningbo Construction returns to help us make a trade decision. For example, suppose you find that Ningbo Construction 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 Construction 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 Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Construction Lagged Returns
When evaluating Ningbo Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Construction stock have on its future price. Ningbo Construction 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 Construction autocorrelation shows the relationship between Ningbo Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Construction Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ningbo Stock
Ningbo Construction 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 Construction security.