Nancal Energy-Saving (China) Market Value
| 603859 Stock | 38.75 2.17 5.93% |
| Symbol | Nancal |
Nancal Energy-Saving '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 Nancal Energy-Saving'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 Nancal Energy-Saving.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Nancal Energy-Saving on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Nancal Energy Saving Tech or generate 0.0% return on investment in Nancal Energy-Saving over 90 days. Nancal Energy-Saving is related to or competes with Sunwoda Electronic, Yuanjie Semiconductor, Semiconductor Manufacturing, StarPower Semiconductor, Will Semiconductor, YiDong Electronics, and Nexchip Semiconductor. Nancal Energy-Saving is entity of China. It is traded as Stock on SHG exchange. More
Nancal Energy-Saving 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 Nancal Energy-Saving'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 Nancal Energy Saving Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.08 | |||
| Information Ratio | 0.1178 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (6.96) | |||
| Potential Upside | 10.0 |
Nancal Energy-Saving Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nancal Energy-Saving's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nancal Energy-Saving's standard deviation. In reality, there are many statistical measures that can use Nancal Energy-Saving historical prices to predict the future Nancal Energy-Saving's volatility.| Risk Adjusted Performance | 0.0923 | |||
| Jensen Alpha | 0.4528 | |||
| Total Risk Alpha | 1.03 | |||
| Sortino Ratio | 0.1354 | |||
| Treynor Ratio | 5.17 |
Nancal Energy Saving Backtested Returns
Nancal Energy-Saving appears to be not too volatile, given 3 months investment horizon. Nancal Energy Saving has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Nancal Energy-Saving, which you can use to evaluate the volatility of the firm. Please exercise Nancal Energy-Saving's Risk Adjusted Performance of 0.0923, mean deviation of 3.46, and Downside Deviation of 4.08 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nancal Energy-Saving holds a performance score of 8. The company secures a Beta (Market Risk) of 0.0858, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nancal Energy-Saving's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nancal Energy-Saving is expected to be smaller as well. Please check Nancal Energy-Saving's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Nancal Energy-Saving's current price movements will revert.
Auto-correlation | 0.44 |
Average predictability
Nancal Energy Saving Tech has average predictability. Overlapping area represents the amount of predictability between Nancal Energy-Saving time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Nancal Energy Saving price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Nancal Energy-Saving price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 3.07 |
Nancal Energy Saving lagged returns against current returns
Autocorrelation, which is Nancal Energy-Saving 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 Nancal Energy-Saving's stock expected returns. We can calculate the autocorrelation of Nancal Energy-Saving returns to help us make a trade decision. For example, suppose you find that Nancal Energy-Saving 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 |
Nancal Energy-Saving 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 Nancal Energy-Saving stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nancal Energy-Saving stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nancal Energy-Saving stock over time.
Current vs Lagged Prices |
| Timeline |
Nancal Energy-Saving Lagged Returns
When evaluating Nancal Energy-Saving's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nancal Energy-Saving stock have on its future price. Nancal Energy-Saving 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, Nancal Energy-Saving autocorrelation shows the relationship between Nancal Energy-Saving stock current value and its past values and can show if there is a momentum factor associated with investing in Nancal Energy Saving Tech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nancal Stock
Nancal Energy-Saving financial ratios help investors to determine whether Nancal 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 Nancal with respect to the benefits of owning Nancal Energy-Saving security.