Nongfu Spring Co Stock Market Value
| NNFSF Stock | USD 4.42 0.53 13.62% |
| Symbol | Nongfu |
Nongfu Spring '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 Nongfu Spring's pink sheet 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 Nongfu Spring.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Nongfu Spring on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nongfu Spring Co or generate 0.0% return on investment in Nongfu Spring over 240 days. Nongfu Spring is related to or competes with Coca Cola, PepsiCo, Monster Beverage, Keurig Dr, Coca Cola, and Coca Cola. Nongfu Spring Co., Ltd. produces and markets packaged drinking water and beverage products primarily in Mainland China More
Nongfu Spring 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 Nongfu Spring's pink sheet 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 Nongfu Spring Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1046 | |||
| Maximum Drawdown | 41.71 |
Nongfu Spring Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nongfu Spring's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nongfu Spring's standard deviation. In reality, there are many statistical measures that can use Nongfu Spring historical prices to predict the future Nongfu Spring's volatility.| Risk Adjusted Performance | 0.0967 | |||
| Jensen Alpha | 0.5092 | |||
| Total Risk Alpha | 0.3759 | |||
| Treynor Ratio | (2.82) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nongfu Spring's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nongfu Spring Backtested Returns
Nongfu Spring appears to be unstable, given 3 months investment horizon. Nongfu Spring has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Nongfu Spring's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise Nongfu Spring's Mean Deviation of 1.43, standard deviation of 4.62, and Risk Adjusted Performance of 0.0967 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nongfu Spring holds a performance score of 8. The company secures a Beta (Market Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nongfu Spring are expected to decrease at a much lower rate. During the bear market, Nongfu Spring is likely to outperform the market. Please check Nongfu Spring's information ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to make a quick decision on whether Nongfu Spring's current price movements will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Nongfu Spring Co has good reverse predictability. Overlapping area represents the amount of predictability between Nongfu Spring time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Nongfu Spring price movement. The serial correlation of -0.51 indicates that about 51.0% of current Nongfu Spring price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Nongfu Spring lagged returns against current returns
Autocorrelation, which is Nongfu Spring pink sheet'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 Nongfu Spring's pink sheet expected returns. We can calculate the autocorrelation of Nongfu Spring returns to help us make a trade decision. For example, suppose you find that Nongfu Spring has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nongfu Spring 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 Nongfu Spring pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nongfu Spring pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nongfu Spring pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nongfu Spring Lagged Returns
When evaluating Nongfu Spring's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nongfu Spring pink sheet have on its future price. Nongfu Spring 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, Nongfu Spring autocorrelation shows the relationship between Nongfu Spring pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nongfu Spring Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nongfu Pink Sheet
Nongfu Spring financial ratios help investors to determine whether Nongfu Pink Sheet 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 Nongfu with respect to the benefits of owning Nongfu Spring security.