NBTM New (China) Market Value
| 600114 Stock | 16.03 0.59 3.55% |
| Symbol | NBTM |
NBTM New '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 NBTM New'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 NBTM New.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in NBTM New on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding NBTM New Materials or generate 0.0% return on investment in NBTM New over 30 days. NBTM New is related to or competes with China Life, Cinda Securities, Piotech, Dongxing Sec, Shanghai OPM, National Silicon, and China Molybdenum. NBTM New is entity of China. It is traded as Stock on SHG exchange. More
NBTM New 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 NBTM New'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 NBTM New Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | 0.0594 | |||
| Maximum Drawdown | 15.59 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 7.1 |
NBTM New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NBTM New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NBTM New's standard deviation. In reality, there are many statistical measures that can use NBTM New historical prices to predict the future NBTM New's volatility.| Risk Adjusted Performance | 0.0623 | |||
| Jensen Alpha | 0.2313 | |||
| Total Risk Alpha | 0.1301 | |||
| Sortino Ratio | 0.0671 | |||
| Treynor Ratio | 2.33 |
NBTM New Materials Backtested Returns
NBTM New appears to be not too volatile, given 3 months investment horizon. NBTM New Materials has Sharpe Ratio of 0.0888, which conveys that the company had a 0.0888% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for NBTM New, which you can use to evaluate the volatility of the entity. Please exercise NBTM New's mean deviation of 2.76, and Downside Deviation of 3.13 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NBTM New holds a performance score of 6. The firm secures a Beta (Market Risk) of 0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NBTM New's returns are expected to increase less than the market. However, during the bear market, the loss of holding NBTM New is expected to be smaller as well. Please check NBTM New's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether NBTM New's current price movements will revert.
Auto-correlation | -0.88 |
Excellent reverse predictability
NBTM New Materials has excellent reverse predictability. Overlapping area represents the amount of predictability between NBTM New time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 NBTM New Materials price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current NBTM New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
NBTM New Materials lagged returns against current returns
Autocorrelation, which is NBTM New 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 NBTM New's stock expected returns. We can calculate the autocorrelation of NBTM New returns to help us make a trade decision. For example, suppose you find that NBTM New 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 |
NBTM New 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 NBTM New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NBTM New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NBTM New stock over time.
Current vs Lagged Prices |
| Timeline |
NBTM New Lagged Returns
When evaluating NBTM New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NBTM New stock have on its future price. NBTM New 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, NBTM New autocorrelation shows the relationship between NBTM New stock current value and its past values and can show if there is a momentum factor associated with investing in NBTM New Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NBTM Stock
NBTM New financial ratios help investors to determine whether NBTM 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 NBTM with respect to the benefits of owning NBTM New security.