Rising Nonferrous (China) Market Value
| 600259 Stock | 29.92 0.37 1.25% |
| Symbol | Rising |
Rising Nonferrous '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 Rising Nonferrous' 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 Rising Nonferrous.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Rising Nonferrous on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Rising Nonferrous Metals or generate 0.0% return on investment in Rising Nonferrous over 60 days. Rising Nonferrous is related to or competes with Zijin Mining, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Rising Nonferrous is entity of China. It is traded as Stock on SHG exchange. More
Rising Nonferrous 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 Rising Nonferrous' 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 Rising Nonferrous Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.0664 | |||
| Maximum Drawdown | 18.73 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 4.97 |
Rising Nonferrous Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rising Nonferrous' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rising Nonferrous' standard deviation. In reality, there are many statistical measures that can use Rising Nonferrous historical prices to predict the future Rising Nonferrous' volatility.| Risk Adjusted Performance | 0.0921 | |||
| Jensen Alpha | 0.441 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0752 | |||
| Treynor Ratio | (0.40) |
Rising Nonferrous Metals Backtested Returns
Rising Nonferrous appears to be not too volatile, given 3 months investment horizon. Rising Nonferrous Metals maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Rising Nonferrous Metals, which you can use to evaluate the volatility of the company. Please evaluate Rising Nonferrous' Coefficient Of Variation of 903.93, semi deviation of 2.43, and Risk Adjusted Performance of 0.0921 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rising Nonferrous holds a performance score of 8. The company holds a Beta of -0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Rising Nonferrous are expected to decrease at a much lower rate. During the bear market, Rising Nonferrous is likely to outperform the market. Please check Rising Nonferrous' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Rising Nonferrous' historical price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Rising Nonferrous Metals has good reverse predictability. Overlapping area represents the amount of predictability between Rising Nonferrous time series from 3rd of October 2024 to 2nd of November 2024 and 2nd 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 Rising Nonferrous Metals price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Rising Nonferrous price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 2.26 |
Rising Nonferrous Metals lagged returns against current returns
Autocorrelation, which is Rising Nonferrous 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 Rising Nonferrous' stock expected returns. We can calculate the autocorrelation of Rising Nonferrous returns to help us make a trade decision. For example, suppose you find that Rising Nonferrous 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 |
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Rising Nonferrous 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 Rising Nonferrous stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rising Nonferrous stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rising Nonferrous stock over time.
Current vs Lagged Prices |
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Rising Nonferrous Lagged Returns
When evaluating Rising Nonferrous' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rising Nonferrous stock have on its future price. Rising Nonferrous 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, Rising Nonferrous autocorrelation shows the relationship between Rising Nonferrous stock current value and its past values and can show if there is a momentum factor associated with investing in Rising Nonferrous Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Rising Stock
Rising Nonferrous financial ratios help investors to determine whether Rising 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 Rising with respect to the benefits of owning Rising Nonferrous security.