Ningbo MedicalSystem (China) Market Value
| 300439 Stock | 11.61 0.11 0.96% |
| Symbol | Ningbo |
Ningbo MedicalSystem '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 MedicalSystem'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 MedicalSystem.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Ningbo MedicalSystem on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo MedicalSystem Biotechnology or generate 0.0% return on investment in Ningbo MedicalSystem over 30 days. Ningbo MedicalSystem is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Ningbo MedicalSystem is entity of China. It is traded as Stock on SHE exchange. More
Ningbo MedicalSystem 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 MedicalSystem'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 MedicalSystem Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.82 | |||
| Information Ratio | 0.0905 | |||
| Maximum Drawdown | 23.23 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 4.72 |
Ningbo MedicalSystem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo MedicalSystem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo MedicalSystem's standard deviation. In reality, there are many statistical measures that can use Ningbo MedicalSystem historical prices to predict the future Ningbo MedicalSystem's volatility.| Risk Adjusted Performance | 0.1086 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1064 |
Ningbo MedicalSystem Backtested Returns
Ningbo MedicalSystem appears to be somewhat reliable, given 3 months investment horizon. Ningbo MedicalSystem has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Ningbo MedicalSystem, which you can use to evaluate the volatility of the firm. Please exercise Ningbo MedicalSystem's Risk Adjusted Performance of 0.1086, coefficient of variation of 757.4, and Semi Deviation of 2.45 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo MedicalSystem holds a performance score of 10. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Ningbo MedicalSystem are completely uncorrelated. Please check Ningbo MedicalSystem's total risk alpha, maximum drawdown, and the relationship between the standard deviation and sortino ratio , to make a quick decision on whether Ningbo MedicalSystem's current price movements will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Ningbo MedicalSystem Biotechnology has insignificant predictability. Overlapping area represents the amount of predictability between Ningbo MedicalSystem time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 MedicalSystem price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Ningbo MedicalSystem price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Ningbo MedicalSystem lagged returns against current returns
Autocorrelation, which is Ningbo MedicalSystem 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 MedicalSystem's stock expected returns. We can calculate the autocorrelation of Ningbo MedicalSystem returns to help us make a trade decision. For example, suppose you find that Ningbo MedicalSystem 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 MedicalSystem 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 MedicalSystem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo MedicalSystem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo MedicalSystem stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo MedicalSystem Lagged Returns
When evaluating Ningbo MedicalSystem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo MedicalSystem stock have on its future price. Ningbo MedicalSystem 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 MedicalSystem autocorrelation shows the relationship between Ningbo MedicalSystem stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo MedicalSystem Biotechnology.
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 MedicalSystem 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 MedicalSystem security.