Ningbo Thermal (China) Market Value
| 600982 Stock | 4.12 0.03 0.73% |
| Symbol | Ningbo |
Ningbo Thermal '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 Thermal'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 Thermal.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Ningbo Thermal on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo Thermal Power or generate 0.0% return on investment in Ningbo Thermal over 90 days. Ningbo Thermal is related to or competes with Gansu Jiu, Shandong Mining, Aba Chemicals, BlueFocus Communication, Queclink Wireless, Changchun Faway, and Ningbo GQY. Ningbo Thermal is entity of China. It is traded as Stock on SHG exchange. More
Ningbo Thermal 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 Thermal'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 Thermal Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0825 | |||
| Maximum Drawdown | 14.73 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.78 |
Ningbo Thermal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Thermal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Thermal's standard deviation. In reality, there are many statistical measures that can use Ningbo Thermal historical prices to predict the future Ningbo Thermal's volatility.| Risk Adjusted Performance | 0.1126 | |||
| Jensen Alpha | 0.272 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0818 | |||
| Treynor Ratio | 30.67 |
Ningbo Thermal Power Backtested Returns
Ningbo Thermal appears to be somewhat reliable, given 3 months investment horizon. Ningbo Thermal Power has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ningbo Thermal, which you can use to evaluate the volatility of the firm. Please exercise Ningbo Thermal's Mean Deviation of 1.38, risk adjusted performance of 0.1126, and Downside Deviation of 1.94 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ningbo Thermal holds a performance score of 15. The company secures a Beta (Market Risk) of 0.0089, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Ningbo Thermal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ningbo Thermal is expected to be smaller as well. Please check Ningbo Thermal'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 Thermal's current price movements will revert.
Auto-correlation | 0.51 |
Modest predictability
Ningbo Thermal Power has modest predictability. Overlapping area represents the amount of predictability between Ningbo Thermal time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Thermal Power price movement. The serial correlation of 0.51 indicates that about 51.0% of current Ningbo Thermal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ningbo Thermal Power lagged returns against current returns
Autocorrelation, which is Ningbo Thermal 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 Thermal's stock expected returns. We can calculate the autocorrelation of Ningbo Thermal returns to help us make a trade decision. For example, suppose you find that Ningbo Thermal 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 Thermal 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 Thermal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Thermal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Thermal stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Thermal Lagged Returns
When evaluating Ningbo Thermal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Thermal stock have on its future price. Ningbo Thermal 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 Thermal autocorrelation shows the relationship between Ningbo Thermal stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Thermal Power.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ningbo Stock
Ningbo Thermal 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 Thermal security.