Ningbo GQY (China) Market Value
| 300076 Stock | 8.02 0.03 0.37% |
| Symbol | Ningbo |
Ningbo GQY '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 Ningbo GQY'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 Ningbo GQY.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Ningbo GQY on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Ningbo GQY Video or generate 0.0% return on investment in Ningbo GQY over 510 days. Ningbo GQY is related to or competes with Gansu Jiu, Shandong Mining, Aba Chemicals, BlueFocus Communication, Queclink Wireless, Changchun Faway, and Ningbo GQY. Ningbo GQY is entity of China. It is traded as Stock on SHE exchange. More
Ningbo GQY 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 Ningbo GQY'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 Ningbo GQY Video upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.3 | |||
| Information Ratio | 0.2221 | |||
| Maximum Drawdown | 32.41 | |||
| Value At Risk | (7.17) | |||
| Potential Upside | 9.24 |
Ningbo GQY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo GQY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo GQY's standard deviation. In reality, there are many statistical measures that can use Ningbo GQY historical prices to predict the future Ningbo GQY's volatility.| Risk Adjusted Performance | 0.1859 | |||
| Jensen Alpha | 1.29 | |||
| Total Risk Alpha | 0.4548 | |||
| Sortino Ratio | 0.2239 | |||
| Treynor Ratio | 17.44 |
Ningbo GQY Video Backtested Returns
Ningbo GQY is relatively risky given 3 months investment horizon. Ningbo GQY Video has Sharpe Ratio of 0.27, which conveys that the firm had a 0.27% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.54% are justified by taking the suggested risk. Use Ningbo GQY Video Mean Deviation of 3.92, downside deviation of 5.3, and Risk Adjusted Performance of 0.1859 to evaluate company specific risk that cannot be diversified away. Ningbo GQY holds a performance score of 21 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.0746, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Ningbo GQY's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ningbo GQY is expected to be smaller as well. Use Ningbo GQY Video information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Ningbo GQY Video.
Auto-correlation | -0.68 |
Very good reverse predictability
Ningbo GQY Video has very good reverse predictability. Overlapping area represents the amount of predictability between Ningbo GQY time series from 20th of July 2023 to 31st of March 2024 and 31st of March 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 Ningbo GQY Video price movement. The serial correlation of -0.68 indicates that around 68.0% of current Ningbo GQY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.52 |
Ningbo GQY Video lagged returns against current returns
Autocorrelation, which is Ningbo GQY 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 Ningbo GQY's stock expected returns. We can calculate the autocorrelation of Ningbo GQY returns to help us make a trade decision. For example, suppose you find that Ningbo GQY 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 |
Ningbo GQY 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 Ningbo GQY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo GQY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo GQY stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo GQY Lagged Returns
When evaluating Ningbo GQY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo GQY stock have on its future price. Ningbo GQY 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, Ningbo GQY autocorrelation shows the relationship between Ningbo GQY stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo GQY Video.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Ningbo Stock
Ningbo GQY financial ratios help investors to determine whether Ningbo 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 Ningbo with respect to the benefits of owning Ningbo GQY security.