Nanjing Canatal (China) Market Value
| 603912 Stock | 10.14 0.54 5.06% |
| Symbol | Nanjing |
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.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Nanjing Canatal on December 14, 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 90 days. Nanjing Canatal is related to or competes with Wondershare Technology, North Copper, Strait Innovation, Tongyu Communication, Zijin Mining, Tibet Huayu, and Kunshan Dongwei. 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.
| Downside Deviation | 4.4 | |||
| Information Ratio | 0.1584 | |||
| Maximum Drawdown | 20.08 | |||
| Value At Risk | (7.02) | |||
| Potential Upside | 9.97 |
Nanjing Canatal Market Risk Indicators
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.| Risk Adjusted Performance | 0.118 | |||
| Jensen Alpha | 0.5978 | |||
| Total Risk Alpha | 1.26 | |||
| Sortino Ratio | 0.16 | |||
| Treynor Ratio | 3.66 |
Nanjing Canatal Data Backtested Returns
Nanjing Canatal appears to be slightly risky, given 3 months investment horizon. Nanjing Canatal Data has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12 % return per unit of risk over the last 3 months. By analyzing Nanjing Canatal's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please exercise Nanjing Canatal's Risk Adjusted Performance of 0.118, mean deviation of 3.2, and Downside Deviation of 4.4 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanjing Canatal holds a performance score of 9. The company secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nanjing Canatal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nanjing Canatal is expected to be smaller as well. Please check Nanjing Canatal's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Nanjing Canatal's current price movements will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Nanjing Canatal Data has poor reverse predictability. Overlapping area represents the amount of predictability between Nanjing Canatal time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Nanjing Canatal Data price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Nanjing Canatal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nanjing Stock
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.