Ningbo Fujia (China) Market Value
| 603219 Stock | 14.92 0.26 1.77% |
| Symbol | Ningbo |
Ningbo Fujia '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 Fujia'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 Fujia.
| 09/28/2024 |
| 12/27/2024 |
If you would invest 0.00 in Ningbo Fujia on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Ningbo Fujia Industrial or generate 0.0% return on investment in Ningbo Fujia over 90 days. Ningbo Fujia is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, China Merchants, PetroChina, and Industrial Bank. Ningbo Fujia is entity of China. It is traded as Stock on SHG exchange. More
Ningbo Fujia 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 Fujia'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 Fujia Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | 0.069 | |||
| Maximum Drawdown | 19.94 | |||
| Value At Risk | (5.44) | |||
| Potential Upside | 6.12 |
Ningbo Fujia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ningbo Fujia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ningbo Fujia's standard deviation. In reality, there are many statistical measures that can use Ningbo Fujia historical prices to predict the future Ningbo Fujia's volatility.| Risk Adjusted Performance | 0.074 | |||
| Jensen Alpha | 0.3102 | |||
| Total Risk Alpha | 0.0978 | |||
| Sortino Ratio | 0.0702 | |||
| Treynor Ratio | (1.62) |
Ningbo Fujia Industrial Backtested Returns
At this point, Ningbo Fujia is somewhat reliable. Ningbo Fujia Industrial has Sharpe Ratio of 0.0308, which conveys that the firm had a 0.0308% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ningbo Fujia, which you can use to evaluate the volatility of the firm. Please verify Ningbo Fujia's Risk Adjusted Performance of 0.074, downside deviation of 3.69, and Mean Deviation of 2.68 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Ningbo Fujia has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ningbo Fujia are expected to decrease at a much lower rate. During the bear market, Ningbo Fujia is likely to outperform the market. Ningbo Fujia Industrial right now secures a risk of 3.6%. Please verify Ningbo Fujia Industrial information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Ningbo Fujia Industrial will be following its current price movements.
Auto-correlation | 0.39 |
Below average predictability
Ningbo Fujia Industrial has below average predictability. Overlapping area represents the amount of predictability between Ningbo Fujia time series from 28th of September 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Fujia Industrial price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Ningbo Fujia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Ningbo Fujia Industrial lagged returns against current returns
Autocorrelation, which is Ningbo Fujia 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 Fujia's stock expected returns. We can calculate the autocorrelation of Ningbo Fujia returns to help us make a trade decision. For example, suppose you find that Ningbo Fujia 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 Fujia 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 Fujia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ningbo Fujia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ningbo Fujia stock over time.
Current vs Lagged Prices |
| Timeline |
Ningbo Fujia Lagged Returns
When evaluating Ningbo Fujia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ningbo Fujia stock have on its future price. Ningbo Fujia 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 Fujia autocorrelation shows the relationship between Ningbo Fujia stock current value and its past values and can show if there is a momentum factor associated with investing in Ningbo Fujia Industrial.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ningbo Stock
Ningbo Fujia 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 Fujia security.