Niutech Environment (China) Market Value
| 688309 Stock | 14.84 0.22 1.50% |
| 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.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Niutech Environment on November 11, 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 30 days. Niutech Environment is related to or competes with Agricultural Bank, Industrial, Bank of China, PetroChina, and Postal Savings. Niutech Environment is entity of China. It is traded as Stock on SHG exchange. 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 | 3.45 | |||
| Information Ratio | 0.08 | |||
| Maximum Drawdown | 24.87 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.65 |
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 | 0.0902 | |||
| Jensen Alpha | 0.4284 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0854 | |||
| Treynor Ratio | (2.48) |
Niutech Environment Backtested Returns
Niutech Environment appears to be somewhat reliable, given 3 months investment horizon. Niutech Environment has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Niutech Environment's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise Niutech Environment's Mean Deviation of 2.67, risk adjusted performance of 0.0902, and Downside Deviation of 3.45 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Niutech Environment holds a performance score of 12. 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, 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. Please check Niutech Environment's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Niutech Environment's current price movements will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Niutech Environment Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Niutech Environment time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 2024. 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 -0.31 indicates that nearly 31.0% of current Niutech Environment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
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.