Nanjing Putian (China) Market Value
| 200468 Stock | 4.48 0.09 1.97% |
| Symbol | Nanjing |
Nanjing Putian '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 Putian'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 Putian.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Nanjing Putian on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Nanjing Putian Telecommunications or generate 0.0% return on investment in Nanjing Putian over 30 days. Nanjing Putian is related to or competes with Kweichow Moutai, NAURA Technology, APT Medical, Contemporary Amperex, Beijing Roborock, and Beijing Kingsoft. Nanjing Putian is entity of China. It is traded as Stock on SHE exchange. More
Nanjing Putian 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 Putian'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 Putian Telecommunications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.23 | |||
| Information Ratio | 0.3057 | |||
| Maximum Drawdown | 20.06 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 9.34 |
Nanjing Putian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanjing Putian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanjing Putian's standard deviation. In reality, there are many statistical measures that can use Nanjing Putian historical prices to predict the future Nanjing Putian's volatility.| Risk Adjusted Performance | 0.2653 | |||
| Jensen Alpha | 1.45 | |||
| Total Risk Alpha | 0.7671 | |||
| Sortino Ratio | 0.3979 | |||
| Treynor Ratio | (3.23) |
Nanjing Putian Telec Backtested Returns
Nanjing Putian is risky given 3 months investment horizon. Nanjing Putian Telec has Sharpe Ratio of 0.37, which conveys that the firm had a 0.37% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.56% are justified by taking the suggested risk. Use Nanjing Putian Telec Mean Deviation of 3.39, risk adjusted performance of 0.2653, and Downside Deviation of 3.23 to evaluate company specific risk that cannot be diversified away. Nanjing Putian holds a performance score of 29 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nanjing Putian are expected to decrease at a much lower rate. During the bear market, Nanjing Putian is likely to outperform the market. Use Nanjing Putian Telec information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Nanjing Putian Telec.
Auto-correlation | -0.38 |
Poor reverse predictability
Nanjing Putian Telecommunications has poor reverse predictability. Overlapping area represents the amount of predictability between Nanjing Putian time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Nanjing Putian Telec price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Nanjing Putian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Nanjing Putian Telec lagged returns against current returns
Autocorrelation, which is Nanjing Putian 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 Putian's stock expected returns. We can calculate the autocorrelation of Nanjing Putian returns to help us make a trade decision. For example, suppose you find that Nanjing Putian 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 Putian 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 Putian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanjing Putian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanjing Putian stock over time.
Current vs Lagged Prices |
| Timeline |
Nanjing Putian Lagged Returns
When evaluating Nanjing Putian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanjing Putian stock have on its future price. Nanjing Putian 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 Putian autocorrelation shows the relationship between Nanjing Putian stock current value and its past values and can show if there is a momentum factor associated with investing in Nanjing Putian Telecommunications.
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 Nanjing Stock
Nanjing Putian 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 Putian security.