BANK OF NINGBO (China) Market Value

002142
  

CNY 29.07  0.51  1.79%   

BANK OF NINGBO's market value is the price at which a share of BANK OF NINGBO stock trades on a public exchange. It measures the collective expectations of BANK OF NINGBO investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of BANK OF NINGBO and determine expected loss or profit from investing in BANK OF NINGBO over a given investment horizon. Please continue to BANK OF NINGBO Hype Analysis, BANK OF NINGBO Correlation, BANK OF NINGBO Valuation, BANK OF NINGBO Volatility, as well as analyze BANK OF NINGBO Alpha and Beta and BANK OF NINGBO Performance.
Symbol

Please note, there is a significant difference between BANK OF NINGBO's value and its price as these two are different measures arrived at by different means. Investors typically determine BANK OF NINGBO value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BANK OF NINGBO's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

BANK OF NINGBO '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 BANK OF NINGBO'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 BANK OF NINGBO.
0.00
09/20/2020
No Change 0.00  0.0 
In 1 year 10 months and 22 days
08/11/2022
0.00
If you would invest  0.00  in BANK OF NINGBO on September 20, 2020 and sell it all today you would earn a total of 0.00 from holding BANK OF NINGBO or generate 0.0% return on investment in BANK OF NINGBO over 690 days. Bank of Ningbo Co., Ltd. provides various personal and business banking products and services in the Peoples Republic of...More

BANK OF NINGBO 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 BANK OF NINGBO'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 BANK OF NINGBO upside and downside potential and time the market with a certain degree of confidence.

BANK OF NINGBO Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for BANK OF NINGBO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BANK OF NINGBO's standard deviation. In reality, there are many statistical measures that can use BANK OF NINGBO historical prices to predict the future BANK OF NINGBO's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of BANK OF NINGBO'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. Please use the tools below to analyze the current value of BANK OF NINGBO in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.000.001.98
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Intrinsic
Valuation
LowReal ValueHigh
0.000.001.98
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Naive
Forecast
LowNext ValueHigh
26.6628.6430.62
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Bollinger
Band Projection (param)
LowerMiddle BandUpper
27.6431.7135.79
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as BANK OF NINGBO. Your research has to be compared to or analyzed against BANK OF NINGBO's peers to derive any actionable benefits. When done correctly, BANK OF NINGBO's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in BANK OF NINGBO.

BANK OF NINGBO Backtested Returns

BANK OF NINGBO secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had -0.15% of return per unit of risk over the last 3 months. Macroaxis approach towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. BANK OF NINGBO exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm BANK OF NINGBO coefficient of variation of (482.57), and Mean Deviation of 1.55 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of -0.1216, which signifies not very significant fluctuations relative to the market. Let's try to break down what 002142's beta means in this case. As returns on the market increase, returns on owning BANK OF NINGBO are expected to decrease at a much lower rate. During the bear market, BANK OF NINGBO is likely to outperform the market. Even though it is essential to pay attention to BANK OF NINGBO historical returns, it is always good to be careful when utilizing equity current trending patterns. Our approach towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. BANK OF NINGBO exposes twenty-one different technical indicators, which can help you to evaluate its performance. BANK OF NINGBO has an expected return of -0.3%. Please be advised to confirm BANK OF NINGBO coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to decide if BANK OF NINGBO performance from the past will be repeated in the future.

Auto-correlation

    
  0.30  

Below average predictability

BANK OF NINGBO has below average predictability. Overlapping area represents the amount of predictability between BANK OF NINGBO time series from 20th of September 2020 to 31st of August 2021 and 31st of August 2021 to 11th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BANK OF NINGBO price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current BANK OF NINGBO price fluctuation can be explain by its past prices.
Correlation Coefficient0.3
Spearman Rank Test-0.24
Residual Average0.0
Price Variance7.02

BANK OF NINGBO lagged returns against current returns

Autocorrelation, which is BANK OF NINGBO 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 BANK OF NINGBO's stock expected returns. We can calculate the autocorrelation of BANK OF NINGBO returns to help us make a trade decision. For example, suppose you find that BANK OF NINGBO stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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BANK OF NINGBO 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 BANK OF NINGBO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BANK OF NINGBO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BANK OF NINGBO stock over time.
   Current vs Lagged Prices   
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BANK OF NINGBO Lagged Returns

When evaluating BANK OF NINGBO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BANK OF NINGBO stock have on its future price. BANK OF NINGBO 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, BANK OF NINGBO autocorrelation shows the relationship between BANK OF NINGBO stock current value and its past values and can show if there is a momentum factor associated with investing in BANK OF NINGBO.
   Regressed Prices   
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       Timeline  

BANK OF NINGBO Investors Sentiment

The influence of BANK OF NINGBO's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in 002142. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BANK OF NINGBO in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BANK OF NINGBO's short interest history, or implied volatility extrapolated from BANK OF NINGBO options trading.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Please continue to BANK OF NINGBO Hype Analysis, BANK OF NINGBO Correlation, BANK OF NINGBO Valuation, BANK OF NINGBO Volatility, as well as analyze BANK OF NINGBO Alpha and Beta and BANK OF NINGBO Performance. Note that the BANK OF NINGBO information on this page should be used as a complementary analysis to other BANK OF NINGBO's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for 002142 Stock analysis

When running BANK OF NINGBO price analysis, check to measure BANK OF NINGBO's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BANK OF NINGBO is operating at the current time. Most of BANK OF NINGBO's value examination focuses on studying past and present price action to predict the probability of BANK OF NINGBO's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BANK OF NINGBO's price. Additionally, you may evaluate how the addition of BANK OF NINGBO to your portfolios can decrease your overall portfolio volatility.
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BANK OF NINGBO technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of BANK OF NINGBO technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of BANK OF NINGBO trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...