Nanya New (China) Market Value
| 688519 Stock | 21.88 0.40 1.86% |
| Symbol | Nanya |
Nanya New '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 Nanya New'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 Nanya New.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nanya New on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nanya New Material or generate 0.0% return on investment in Nanya New over 90 days. Nanya New is related to or competes with Agricultural Bank, China Construction, Postal Savings, Bank of Communications, Ping An, and Industrial Bank. Nanya New is entity of China. It is traded as Stock on SHG exchange. More
Nanya New 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 Nanya New'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 Nanya New Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.78 | |||
| Information Ratio | 0.0358 | |||
| Maximum Drawdown | 29.85 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 5.14 |
Nanya New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanya New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanya New's standard deviation. In reality, there are many statistical measures that can use Nanya New historical prices to predict the future Nanya New's volatility.| Risk Adjusted Performance | 0.0616 | |||
| Jensen Alpha | 0.2921 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0382 | |||
| Treynor Ratio | (1.73) |
Nanya New Material Backtested Returns
Nanya New appears to be not too volatile, given 3 months investment horizon. Nanya New Material has Sharpe Ratio of 0.0733, which conveys that the firm had a 0.0733% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nanya New, which you can use to evaluate the volatility of the firm. Please exercise Nanya New's Downside Deviation of 3.78, risk adjusted performance of 0.0616, and Mean Deviation of 2.51 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanya New holds a performance score of 5. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nanya New are expected to decrease at a much lower rate. During the bear market, Nanya New is likely to outperform the market. Please check Nanya New's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Nanya New's current price movements will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Nanya New Material has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nanya New time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 Nanya New Material price movement. The serial correlation of -0.16 indicates that over 16.0% of current Nanya New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Nanya New Material lagged returns against current returns
Autocorrelation, which is Nanya New 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 Nanya New's stock expected returns. We can calculate the autocorrelation of Nanya New returns to help us make a trade decision. For example, suppose you find that Nanya New 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 |
Nanya New 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 Nanya New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanya New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanya New stock over time.
Current vs Lagged Prices |
| Timeline |
Nanya New Lagged Returns
When evaluating Nanya New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanya New stock have on its future price. Nanya New 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, Nanya New autocorrelation shows the relationship between Nanya New stock current value and its past values and can show if there is a momentum factor associated with investing in Nanya New Material.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nanya Stock
Nanya New financial ratios help investors to determine whether Nanya 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 Nanya with respect to the benefits of owning Nanya New security.