Nanxing Furniture (China) Market Value
| 002757 Stock | 16.14 0.67 4.33% |
| Symbol | Nanxing |
Nanxing Furniture '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 Nanxing Furniture'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 Nanxing Furniture.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Nanxing Furniture on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Nanxing Furniture Machinery or generate 0.0% return on investment in Nanxing Furniture over 30 days. Nanxing Furniture is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Nanxing Furniture is entity of China. It is traded as Stock on SHE exchange. More
Nanxing Furniture 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 Nanxing Furniture'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 Nanxing Furniture Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.98 | |||
| Information Ratio | 0.1384 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (7.09) | |||
| Potential Upside | 9.99 |
Nanxing Furniture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanxing Furniture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanxing Furniture's standard deviation. In reality, there are many statistical measures that can use Nanxing Furniture historical prices to predict the future Nanxing Furniture's volatility.| Risk Adjusted Performance | 0.1356 | |||
| Jensen Alpha | 0.7562 | |||
| Total Risk Alpha | 0.1149 | |||
| Sortino Ratio | 0.1369 | |||
| Treynor Ratio | (0.62) |
Nanxing Furniture Backtested Returns
Nanxing Furniture appears to be somewhat reliable, given 3 months investment horizon. Nanxing Furniture 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 Nanxing Furniture's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please exercise Nanxing Furniture's Downside Deviation of 3.98, risk adjusted performance of 0.1356, and Mean Deviation of 2.71 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanxing Furniture holds a performance score of 12. The company secures a Beta (Market Risk) of -1.04, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Nanxing Furniture are expected to decrease slowly. On the other hand, during market turmoil, Nanxing Furniture is expected to outperform it slightly. Please check Nanxing Furniture's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Nanxing Furniture's current price movements will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Nanxing Furniture Machinery has poor reverse predictability. Overlapping area represents the amount of predictability between Nanxing Furniture time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Nanxing Furniture price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Nanxing Furniture price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2.78 |
Nanxing Furniture lagged returns against current returns
Autocorrelation, which is Nanxing Furniture 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 Nanxing Furniture's stock expected returns. We can calculate the autocorrelation of Nanxing Furniture returns to help us make a trade decision. For example, suppose you find that Nanxing Furniture 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 |
Nanxing Furniture 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 Nanxing Furniture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanxing Furniture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanxing Furniture stock over time.
Current vs Lagged Prices |
| Timeline |
Nanxing Furniture Lagged Returns
When evaluating Nanxing Furniture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanxing Furniture stock have on its future price. Nanxing Furniture 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, Nanxing Furniture autocorrelation shows the relationship between Nanxing Furniture stock current value and its past values and can show if there is a momentum factor associated with investing in Nanxing Furniture Machinery.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nanxing Stock
Nanxing Furniture financial ratios help investors to determine whether Nanxing 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 Nanxing with respect to the benefits of owning Nanxing Furniture security.