Nanjing Canatal's market value is the price at which a share of Nanjing Canatal trades on a public exchange. It measures the collective expectations of Nanjing Canatal Data investors about its performance. Nanjing Canatal is trading at 7.26 as of the 7th of January 2025, a 0.41% up since the beginning of the trading day. The stock's open price was 7.23. With this module, you can estimate the performance of a buy and hold strategy of Nanjing Canatal Data and determine expected loss or profit from investing in Nanjing Canatal over a given investment horizon. Check out Nanjing Canatal Correlation, Nanjing Canatal Volatility and Nanjing Canatal Alpha and Beta module to complement your research on Nanjing Canatal.
Please note, there is a significant difference between Nanjing Canatal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nanjing Canatal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nanjing Canatal'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.
Nanjing Canatal '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 Canatal'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 Canatal.
0.00
01/13/2024
No Change 0.00
0.0
In 11 months and 27 days
01/07/2025
0.00
If you would invest 0.00 in Nanjing Canatal on January 13, 2024 and sell it all today you would earn a total of 0.00 from holding Nanjing Canatal Data or generate 0.0% return on investment in Nanjing Canatal over 360 days. Nanjing Canatal is related to or competes with CIMC Vehicles, Sanxiang Advanced, Kangxin New, Zhangjiagang Freetrade, Ningbo Fangzheng, Jiangsu Xinri, and Haima Automobile. Nanjing Canatal is entity of China. It is traded as Stock on SHG exchange. More
Nanjing Canatal 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 Canatal'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 Canatal Data upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanjing Canatal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanjing Canatal's standard deviation. In reality, there are many statistical measures that can use Nanjing Canatal historical prices to predict the future Nanjing Canatal's volatility.
At this point, Nanjing Canatal is slightly risky. Nanjing Canatal Data has Sharpe Ratio of 0.0451, which conveys that the firm had a 0.0451% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nanjing Canatal, which you can use to evaluate the volatility of the firm. Please verify Nanjing Canatal's Risk Adjusted Performance of 0.0629, mean deviation of 2.84, and Downside Deviation of 4.58 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Nanjing Canatal has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nanjing Canatal are expected to decrease at a much lower rate. During the bear market, Nanjing Canatal is likely to outperform the market. Nanjing Canatal Data right now secures a risk of 3.74%. Please verify Nanjing Canatal Data downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Nanjing Canatal Data will be following its current price movements.
Auto-correlation
-0.69
Very good reverse predictability
Nanjing Canatal Data has very good reverse predictability. Overlapping area represents the amount of predictability between Nanjing Canatal time series from 13th of January 2024 to 11th of July 2024 and 11th of July 2024 to 7th 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 Nanjing Canatal Data price movement. The serial correlation of -0.69 indicates that around 69.0% of current Nanjing Canatal price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.69
Spearman Rank Test
-0.52
Residual Average
0.0
Price Variance
1.2
Nanjing Canatal Data lagged returns against current returns
Autocorrelation, which is Nanjing Canatal 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 Canatal's stock expected returns. We can calculate the autocorrelation of Nanjing Canatal returns to help us make a trade decision. For example, suppose you find that Nanjing Canatal 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 Canatal 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 Canatal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanjing Canatal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanjing Canatal stock over time.
Current vs Lagged Prices
Timeline
Nanjing Canatal Lagged Returns
When evaluating Nanjing Canatal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanjing Canatal stock have on its future price. Nanjing Canatal 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 Canatal autocorrelation shows the relationship between Nanjing Canatal stock current value and its past values and can show if there is a momentum factor associated with investing in Nanjing Canatal Data.
Nanjing Canatal 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 Canatal security.