Nancal Energy-Saving (China) Market Value

603859 Stock   31.83  3.32  9.45%   
Nancal Energy-Saving's market value is the price at which a share of Nancal Energy-Saving trades on a public exchange. It measures the collective expectations of Nancal Energy Saving Tech investors about its performance. Nancal Energy-Saving is trading at 31.83 as of the 2nd of March 2025, a 9.45% down since the beginning of the trading day. The stock's open price was 35.15.
With this module, you can estimate the performance of a buy and hold strategy of Nancal Energy Saving Tech and determine expected loss or profit from investing in Nancal Energy-Saving over a given investment horizon. Check out Nancal Energy-Saving Correlation, Nancal Energy-Saving Volatility and Nancal Energy-Saving Alpha and Beta module to complement your research on Nancal Energy-Saving.
Symbol

Please note, there is a significant difference between Nancal Energy-Saving's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nancal Energy-Saving is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nancal Energy-Saving'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.

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.
0.00
01/31/2025
No Change 0.00  0.0 
In 30 days
03/02/2025
0.00
If you would invest  0.00  in Nancal Energy-Saving on January 31, 2025 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 30 days. Nancal Energy-Saving is related to or competes with Shengda Mining, JCHX Mining, Juneyao Airlines, Zijin Mining, Western Metal, China Minmetals, and Hainan Airlines. 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.

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.
Hype
Prediction
LowEstimatedHigh
27.0931.8336.57
Details
Intrinsic
Valuation
LowRealHigh
22.9427.6832.42
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.230.270.29
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nancal Energy-Saving. Your research has to be compared to or analyzed against Nancal Energy-Saving's peers to derive any actionable benefits. When done correctly, Nancal Energy-Saving'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 Nancal Energy Saving.

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 0.0419, which conveys that the firm had a 0.0419 % return per unit of risk over the last 3 months. We have found twenty-four 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 0.0023, standard deviation of 4.83, and Mean Deviation of 3.61 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 3. The company secures a Beta (Market Risk) of -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nancal Energy-Saving are expected to decrease at a much lower rate. During the bear market, Nancal Energy-Saving is likely to outperform the market. Please check Nancal Energy-Saving's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to make a quick decision on whether Nancal Energy-Saving's current price movements will revert.

Auto-correlation

    
  -0.37  

Poor reverse predictability

Nancal Energy Saving Tech has poor reverse predictability. Overlapping area represents the amount of predictability between Nancal Energy-Saving time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 -0.37 indicates that just about 37.0% of current Nancal Energy-Saving price fluctuation can be explain by its past prices.
Correlation Coefficient-0.37
Spearman Rank Test-0.02
Residual Average0.0
Price Variance1.24

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.