Niutech Environment (China) Market Value
| 688309 Stock | 15.98 0.38 2.44% |
| Symbol | Niutech |
Niutech Environment '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 Niutech Environment'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 Niutech Environment.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Niutech Environment on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Niutech Environment Technology or generate 0.0% return on investment in Niutech Environment over 90 days. Niutech Environment is related to or competes with Shenzhen RoadRover, Camelot Electronics, Sichuan Fulin, Hainan Airlines, Shaanxi Broadcast, Silkroad Visual, and Guizhou BroadcastingTV. More
Niutech Environment 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 Niutech Environment'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 Niutech Environment Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0894 | |||
| Maximum Drawdown | 7.96 | |||
| Value At Risk | (4.01) | |||
| Potential Upside | 3.88 |
Niutech Environment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Niutech Environment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Niutech Environment's standard deviation. In reality, there are many statistical measures that can use Niutech Environment historical prices to predict the future Niutech Environment's volatility.| Risk Adjusted Performance | 0.0339 | |||
| Jensen Alpha | 0.0143 | |||
| Total Risk Alpha | 0.4583 | |||
| Sortino Ratio | 0.0767 | |||
| Treynor Ratio | (0.18) |
Niutech Environment Backtested Returns
At this point, Niutech Environment is not too volatile. Niutech Environment has Sharpe Ratio of 0.0326, which conveys that the firm had a 0.0326 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Niutech Environment, which you can use to evaluate the volatility of the firm. Please verify Niutech Environment's Downside Deviation of 2.71, mean deviation of 1.79, and Risk Adjusted Performance of 0.0339 to check out if the risk estimate we provide is consistent with the expected return of 0.0759%. Niutech Environment has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Niutech Environment are expected to decrease at a much lower rate. During the bear market, Niutech Environment is likely to outperform the market. Niutech Environment right now secures a risk of 2.33%. Please verify Niutech Environment Technology jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Niutech Environment Technology will be following its current price movements.
Auto-correlation | -0.49 |
Modest reverse predictability
Niutech Environment Technology has modest reverse predictability. Overlapping area represents the amount of predictability between Niutech Environment 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 Niutech Environment price movement. The serial correlation of -0.49 indicates that about 49.0% of current Niutech Environment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Niutech Environment lagged returns against current returns
Autocorrelation, which is Niutech Environment 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 Niutech Environment's stock expected returns. We can calculate the autocorrelation of Niutech Environment returns to help us make a trade decision. For example, suppose you find that Niutech Environment 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 |
Niutech Environment 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 Niutech Environment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Niutech Environment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Niutech Environment stock over time.
Current vs Lagged Prices |
| Timeline |
Niutech Environment Lagged Returns
When evaluating Niutech Environment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Niutech Environment stock have on its future price. Niutech Environment 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, Niutech Environment autocorrelation shows the relationship between Niutech Environment stock current value and its past values and can show if there is a momentum factor associated with investing in Niutech Environment Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Niutech Stock
Niutech Environment financial ratios help investors to determine whether Niutech 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 Niutech with respect to the benefits of owning Niutech Environment security.