Ningbo Bohui (China) Market Value

300839 Stock   8.31  0.09  1.09%   
Ningbo Bohui's market value is the price at which a share of Ningbo Bohui trades on a public exchange. It measures the collective expectations of Ningbo Bohui Chemical investors about its performance. Ningbo Bohui is trading at 8.31 as of the 12th of December 2024, a 1.09% up since the beginning of the trading day. The stock's open price was 8.22.
With this module, you can estimate the performance of a buy and hold strategy of Ningbo Bohui Chemical and determine expected loss or profit from investing in Ningbo Bohui over a given investment horizon. Check out Ningbo Bohui Correlation, Ningbo Bohui Volatility and Ningbo Bohui Alpha and Beta module to complement your research on Ningbo Bohui.
Symbol

Please note, there is a significant difference between Ningbo Bohui's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ningbo Bohui is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ningbo Bohui's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ningbo Bohui '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 Bohui'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 Bohui.
0.00
05/16/2024
No Change 0.00  0.0 
In 6 months and 30 days
12/12/2024
0.00
If you would invest  0.00  in Ningbo Bohui on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo Bohui Chemical or generate 0.0% return on investment in Ningbo Bohui over 210 days. Ningbo Bohui is related to or competes with Zhejiang Kingland, HOB Biotech, NAURA Technology, Ming Yang, Loctek Ergonomic, Hunan Nanling, and Shandong Ruifeng. Ningbo Bohui is entity of China. It is traded as Stock on SHE exchange. More

Ningbo Bohui 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 Bohui'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 Bohui Chemical upside and downside potential and time the market with a certain degree of confidence.

Ningbo Bohui Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Bohui's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Bohui's standard deviation. In reality, there are many statistical measures that can use Ningbo Bohui historical prices to predict the future Ningbo Bohui's volatility.
Hype
Prediction
LowEstimatedHigh
4.348.4112.48
Details
Intrinsic
Valuation
LowRealHigh
2.366.4310.50
Details
Naive
Forecast
LowNextHigh
4.318.3912.46
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.040.040.04
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ningbo Bohui. Your research has to be compared to or analyzed against Ningbo Bohui's peers to derive any actionable benefits. When done correctly, Ningbo Bohui's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ningbo Bohui Chemical.

Ningbo Bohui Chemical Backtested Returns

Ningbo Bohui appears to be slightly risky, given 3 months investment horizon. Ningbo Bohui Chemical has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Ningbo Bohui's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please exercise Ningbo Bohui's Risk Adjusted Performance of 0.1042, downside deviation of 4.35, and Mean Deviation of 2.46 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Bohui holds a performance score of 13. The company secures a Beta (Market Risk) of -0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ningbo Bohui are expected to decrease at a much lower rate. During the bear market, Ningbo Bohui is likely to outperform the market. Please check Ningbo Bohui's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Ningbo Bohui's current price movements will revert.

Auto-correlation

    
  -0.67  

Very good reverse predictability

Ningbo Bohui Chemical has very good reverse predictability. Overlapping area represents the amount of predictability between Ningbo Bohui time series from 16th of May 2024 to 29th of August 2024 and 29th of August 2024 to 12th 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 Bohui Chemical price movement. The serial correlation of -0.67 indicates that around 67.0% of current Ningbo Bohui price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test-0.3
Residual Average0.0
Price Variance0.58

Ningbo Bohui Chemical lagged returns against current returns

Autocorrelation, which is Ningbo Bohui 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 Bohui's stock expected returns. We can calculate the autocorrelation of Ningbo Bohui returns to help us make a trade decision. For example, suppose you find that Ningbo Bohui 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 Bohui 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 Bohui stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Bohui stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Bohui stock over time.
   Current vs Lagged Prices   
       Timeline  

Ningbo Bohui Lagged Returns

When evaluating Ningbo Bohui's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Bohui stock have on its future price. Ningbo Bohui 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 Bohui autocorrelation shows the relationship between Ningbo Bohui stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Bohui Chemical.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Ningbo Stock

Ningbo Bohui 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 Bohui security.