BANK OF NINGBO (China) Performance

002142
  

CNY 29.84  0.76  2.61%   

The firm shows a Beta (market volatility) of 0.2257, 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, BANK OF NINGBO returns are expected to increase less than the market. However, during the bear market, the loss on holding BANK OF NINGBO will be expected to be smaller as well. 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 -0.12%. 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.
  
002142 Performance
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Over the last 90 days BANK OF NINGBO has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Stock's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors. ...more

002142 Price Channel

Fifty Two Week Low28.35
Target High Price48.17
Payout Ratio14.89%
Fifty Two Week High41.70
Target Low Price35.88
Trailing Annual Dividend Yield1.71%

BANK OF NINGBO Relative Risk vs. Return Landscape

If you would invest  3,206  in BANK OF NINGBO on May 18, 2022 and sell it today you would lose (222.00)  from holding BANK OF NINGBO or give up 6.92% of portfolio value over 90 days. BANK OF NINGBO is generating negative expected returns and assumes 2.0201% volatility on return distribution over the 90 days horizon. Simply put, 17% of stocks are less volatile than 002142, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days trading horizon BANK OF NINGBO is expected to under-perform the market. In addition to that, the company is 1.71 times more volatile than its market benchmark. It trades about -0.06 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.11 per unit of volatility.

BANK OF NINGBO Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for BANK OF NINGBO's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as BANK OF NINGBO, and traders can use it to determine the average amount a BANK OF NINGBO's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.061

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Negative Returns002142
Estimated Market Risk
 2.02
  actual daily
 
 17 %
of total potential
 
1717
Expected Return
 -0.12
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 0 %
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Risk-Adjusted Return
 -0.06
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Based on monthly moving average BANK OF NINGBO is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BANK OF NINGBO by adding it to a well-diversified portfolio.

About BANK OF NINGBO Performance

To evaluate BANK OF NINGBO Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when BANK OF NINGBO generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare 002142 Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand BANK OF NINGBO stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents 002142's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Investment 6.74  6.92 
Return on Average Assets 1.18  1.28 
Return on Average Equity 19.03  20.89 
Bank of Ningbo Co., Ltd. provides various personal and business banking products and services in the Peoples Republic of China. Bank of Ningbo Co., Ltd. was founded in 1997 and is headquartered in Ningbo, the Peoples Republic of China. BANK OF NINGBO operates under BanksRegional classification in China and is traded on Shenzhen Stock Exchange. It employs 24177 people.

Things to note about BANK OF NINGBO

Checking the ongoing alerts about BANK OF NINGBO for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BANK OF NINGBO help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

BANK OF NINGBO Alerts

Equity Alerts and Improvement Suggestions

BANK OF NINGBO generated a negative expected return over the last 90 days
BANK OF NINGBO has high likelihood to experience some financial distress in the next 2 years
About 55.0% of the company shares are owned by insiders or employees
Please continue to Trending Equities. 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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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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.