The9 Stock Market Value

NCTY
 Stock
  

USD 0.73  0.006  0.83%   

The9's market value is the price at which a share of The9 stock trades on a public exchange. It measures the collective expectations of The9 Ltd ADR investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of The9 Ltd ADR and determine expected loss or profit from investing in The9 over a given investment horizon. Additionally, see The9 Correlation, The9 Volatility and The9 Alpha and Beta module to complement your research on The9.
Symbol


Is The9's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of The9. If investors know The9 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about The9 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
16.6 M
Quarterly Revenue Growth YOY
62.21
Return On Assets
(0.29) 
Return On Equity
(1.87) 
The market value of The9 Ltd ADR is measured differently than its book value, which is the value of The9 that is recorded on the company's balance sheet. Investors also form their own opinion of The9's value that differs from its market value or its book value, called intrinsic value, which is The9's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because The9's market value can be influenced by many factors that don't directly affect The9's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between The9's value and its price as these two are different measures arrived at by different means. Investors typically determine The9 value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, The9'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.

The9 '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 The9'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 The9.
0.00
12/11/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/01/2022
0.00
If you would invest  0.00  in The9 on December 11, 2020 and sell it all today you would earn a total of 0.00 from holding The9 Ltd ADR or generate 0.0% return on investment in The9 over 720 days. The9 is related to or competes with Giga Media, Knowles Cor, Meta Materials, Netflix, Walmart, Thomson Reuters, and Mastercard. The9 Limited, together with its subsidiaries, operates as an Internet company in the Peoples Republic of China More

The9 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 The9'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 The9 Ltd ADR upside and downside potential and time the market with a certain degree of confidence.

The9 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for The9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The9's standard deviation. In reality, there are many statistical measures that can use The9 historical prices to predict the future The9's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of The9'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 The9 in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.030.695.74
Details
Intrinsic
Valuation
LowReal ValueHigh
0.030.665.71
Details
Naive
Forecast
LowNext ValueHigh
0.0135280.685.72
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.660.770.88
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as The9. Your research has to be compared to or analyzed against The9's peers to derive any actionable benefits. When done correctly, The9'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 The9 Ltd ADR.

The9 Ltd ADR Backtested Returns

The9 Ltd ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had -0.14% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring 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. The9 Ltd ADR exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate The9 risk adjusted performance of (0.21), and Coefficient Of Variation of (699.10) to confirm the risk estimate we provide.
The entity has a beta of 1.6531, which indicates a somewhat significant risk relative to the market. Let's try to break down what The9's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, The9 will likely underperform. Even though it is essential to pay attention to The9 Ltd ADR current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring 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. The9 Ltd ADR exposes twenty-seven different technical indicators, which can help you to evaluate its performance. The9 Ltd ADR has an expected return of -0.7%. Please be advised to validate The9 sortino ratio, as well as the relationship between the semi variance and rate of daily change to decide if The9 Ltd ADR performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.12  

Insignificant predictability

The9 Ltd ADR has insignificant predictability. Overlapping area represents the amount of predictability between The9 time series from 11th of December 2020 to 6th of December 2021 and 6th of December 2021 to 1st of December 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 The9 Ltd ADR price movement. The serial correlation of 0.12 indicates that less than 12.0% of current The9 price fluctuation can be explain by its past prices.
Correlation Coefficient0.12
Spearman Rank Test0.32
Residual Average0.0
Price Variance4.31

The9 Ltd ADR lagged returns against current returns

Autocorrelation, which is The9 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 The9's stock expected returns. We can calculate the autocorrelation of The9 returns to help us make a trade decision. For example, suppose you find that The9 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   
Share
       Timeline  

The9 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 The9 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The9 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in The9 stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

The9 Lagged Returns

When evaluating The9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The9 stock have on its future price. The9 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, The9 autocorrelation shows the relationship between The9 stock current value and its past values and can show if there is a momentum factor associated with investing in The9 Ltd ADR.
   Regressed Prices   
Share
       Timeline  

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 The9 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, The9's short interest history, or implied volatility extrapolated from The9 options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as The9 Ltd ADR using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see The9 Correlation, The9 Volatility and The9 Alpha and Beta module to complement your research on The9. You can also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for analysis

When running The9 Ltd ADR price analysis, check to measure The9'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 The9 is operating at the current time. Most of The9's value examination focuses on studying past and present price action to predict the probability of The9's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move The9's price. Additionally, you may evaluate how the addition of The9 to your portfolios can decrease your overall portfolio volatility.
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
The9 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 The9 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of The9 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...