Namchow Food (China) Market Value
| 605339 Stock | 19.67 0.96 5.13% |
| Symbol | Namchow |
Namchow Food '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 Namchow Food'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 Namchow Food.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in Namchow Food on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Namchow Food Group or generate 0.0% return on investment in Namchow Food over 210 days. Namchow Food is related to or competes with Nanjing Putian, Tianjin Realty, Kangyue Technology, Shenzhen Hifuture, Shenzhen Changfang, Shenyang Huitian, and Jiangsu Xinning. Namchow Food is entity of China. It is traded as Stock on SHG exchange. More
Namchow Food 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 Namchow Food'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 Namchow Food Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | 0.1411 | |||
| Maximum Drawdown | 14.67 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 3.2 |
Namchow Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Namchow Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Namchow Food's standard deviation. In reality, there are many statistical measures that can use Namchow Food historical prices to predict the future Namchow Food's volatility.| Risk Adjusted Performance | 0.1504 | |||
| Jensen Alpha | 0.4033 | |||
| Total Risk Alpha | 0.0771 | |||
| Sortino Ratio | 0.147 | |||
| Treynor Ratio | 3.34 |
Namchow Food Group Backtested Returns
Namchow Food appears to be very steady, given 3 months investment horizon. Namchow Food Group has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23% return per unit of risk over the last 3 months. By analyzing Namchow Food's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise Namchow Food's Downside Deviation of 2.06, risk adjusted performance of 0.1504, and Mean Deviation of 1.48 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Namchow Food holds a performance score of 18. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Namchow Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Namchow Food is expected to be smaller as well. Please check Namchow Food's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Namchow Food's current price movements will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Namchow Food Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Namchow Food 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 Namchow Food Group price movement. The serial correlation of -0.71 indicates that around 71.0% of current Namchow Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 1.89 |
Namchow Food Group lagged returns against current returns
Autocorrelation, which is Namchow Food 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 Namchow Food's stock expected returns. We can calculate the autocorrelation of Namchow Food returns to help us make a trade decision. For example, suppose you find that Namchow Food 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 |
Namchow Food 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 Namchow Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Namchow Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Namchow Food stock over time.
Current vs Lagged Prices |
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Namchow Food Lagged Returns
When evaluating Namchow Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Namchow Food stock have on its future price. Namchow Food 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, Namchow Food autocorrelation shows the relationship between Namchow Food stock current value and its past values and can show if there is a momentum factor associated with investing in Namchow Food Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Namchow Stock
Namchow Food financial ratios help investors to determine whether Namchow 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 Namchow with respect to the benefits of owning Namchow Food security.