Nanjing OLO (China) Market Value
| 603326 Stock | 6.82 0.11 1.64% |
| Symbol | Nanjing |
Nanjing OLO '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 Nanjing OLO'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 Nanjing OLO.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Nanjing OLO on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Nanjing OLO Home or generate 0.0% return on investment in Nanjing OLO over 570 days. Nanjing OLO is related to or competes with China State, China Merchants, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Nanjing OLO is entity of China. It is traded as Stock on SHG exchange. More
Nanjing OLO 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 Nanjing OLO'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 Nanjing OLO Home upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.1102 | |||
| Maximum Drawdown | 20.06 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.42 |
Nanjing OLO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanjing OLO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanjing OLO's standard deviation. In reality, there are many statistical measures that can use Nanjing OLO historical prices to predict the future Nanjing OLO's volatility.| Risk Adjusted Performance | 0.1246 | |||
| Jensen Alpha | 0.4299 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1115 | |||
| Treynor Ratio | 6.43 |
Nanjing OLO Home Backtested Returns
Nanjing OLO appears to be slightly risky, given 3 months investment horizon. Nanjing OLO Home has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Nanjing OLO's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Nanjing OLO's Downside Deviation of 2.89, mean deviation of 1.99, and Risk Adjusted Performance of 0.1246 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanjing OLO holds a performance score of 13. The company secures a Beta (Market Risk) of 0.0681, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nanjing OLO's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nanjing OLO is expected to be smaller as well. Please check Nanjing OLO'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 Nanjing OLO's current price movements will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Nanjing OLO Home has very good reverse predictability. Overlapping area represents the amount of predictability between Nanjing OLO time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 Nanjing OLO Home price movement. The serial correlation of -0.69 indicates that around 69.0% of current Nanjing OLO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Nanjing OLO Home lagged returns against current returns
Autocorrelation, which is Nanjing OLO 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 Nanjing OLO's stock expected returns. We can calculate the autocorrelation of Nanjing OLO returns to help us make a trade decision. For example, suppose you find that Nanjing OLO 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 |
Nanjing OLO 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 Nanjing OLO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanjing OLO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanjing OLO stock over time.
Current vs Lagged Prices |
| Timeline |
Nanjing OLO Lagged Returns
When evaluating Nanjing OLO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanjing OLO stock have on its future price. Nanjing OLO 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, Nanjing OLO autocorrelation shows the relationship between Nanjing OLO stock current value and its past values and can show if there is a momentum factor associated with investing in Nanjing OLO Home.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nanjing Stock
Nanjing OLO financial ratios help investors to determine whether Nanjing 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 Nanjing with respect to the benefits of owning Nanjing OLO security.