National Silicon (China) Market Value
| 688126 Stock | 20.97 0.49 2.28% |
| Symbol | National |
National Silicon '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 National Silicon'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 National Silicon.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in National Silicon on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding National Silicon Industry or generate 0.0% return on investment in National Silicon over 180 days. National Silicon is related to or competes with Ming Yang, Shandong Ruifeng, Inner Mongolia, Shanghai Zhangjiang, 3onedata, Hubei Radio, and Shenzhen Shenbao. National Silicon is entity of China. It is traded as Stock on SHG exchange. More
National Silicon 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 National Silicon'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 National Silicon Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.52 | |||
| Information Ratio | 0.099 | |||
| Maximum Drawdown | 29.35 | |||
| Value At Risk | (5.02) | |||
| Potential Upside | 14.22 |
National Silicon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Silicon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Silicon's standard deviation. In reality, there are many statistical measures that can use National Silicon historical prices to predict the future National Silicon's volatility.| Risk Adjusted Performance | 0.1021 | |||
| Jensen Alpha | 0.682 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.1533 | |||
| Treynor Ratio | (2.78) |
National Silicon Industry Backtested Returns
National Silicon appears to be somewhat reliable, given 3 months investment horizon. National Silicon Industry has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing National Silicon's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please exercise National Silicon's Downside Deviation of 3.52, risk adjusted performance of 0.1021, and Mean Deviation of 3.47 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, National Silicon holds a performance score of 11. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning National Silicon are expected to decrease at a much lower rate. During the bear market, National Silicon is likely to outperform the market. Please check National Silicon's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether National Silicon's current price movements will revert.
Auto-correlation | 0.40 |
Average predictability
National Silicon Industry has average predictability. Overlapping area represents the amount of predictability between National Silicon time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 National Silicon Industry price movement. The serial correlation of 0.4 indicates that just about 40.0% of current National Silicon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 17.16 |
National Silicon Industry lagged returns against current returns
Autocorrelation, which is National Silicon 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 National Silicon's stock expected returns. We can calculate the autocorrelation of National Silicon returns to help us make a trade decision. For example, suppose you find that National Silicon 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 |
National Silicon 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 National Silicon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Silicon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Silicon stock over time.
Current vs Lagged Prices |
| Timeline |
National Silicon Lagged Returns
When evaluating National Silicon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Silicon stock have on its future price. National Silicon 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, National Silicon autocorrelation shows the relationship between National Silicon stock current value and its past values and can show if there is a momentum factor associated with investing in National Silicon Industry.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in National Stock
National Silicon financial ratios help investors to determine whether National 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 National with respect to the benefits of owning National Silicon security.