The9 Ltd Adr Stock Market Value
| NCTY Stock | USD 11.14 0.16 1.42% |
| Symbol | The9 |
The9 Ltd ADR Price To Book Ratio
Is Interactive Home Entertainment space 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.
Earnings Share (5.81) | Revenue Per Share 53.136 | Quarterly Revenue Growth 0.286 | Return On Assets (0.20) | Return On Equity (1.38) |
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 if The9 is a good investment 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.
| 11/23/2023 |
| 11/17/2024 |
If you would invest 0.00 in The9 on November 23, 2023 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 360 days. The9 is related to or competes with GD Culture, GDEV, and NetEase. 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.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.1462 | |||
| Maximum Drawdown | 22.07 | |||
| Value At Risk | (4.43) | |||
| Potential Upside | 7.11 |
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.| Risk Adjusted Performance | 0.1388 | |||
| Jensen Alpha | 0.6595 | |||
| Total Risk Alpha | 0.1668 | |||
| Sortino Ratio | 0.2214 | |||
| Treynor Ratio | 4.97 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
The9 Ltd ADR Backtested Returns
The9 appears to be somewhat reliable, given 3 months investment horizon. The9 Ltd ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting The9's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please review The9's Coefficient Of Variation of 577.04, semi deviation of 2.2, and Risk Adjusted Performance of 0.1388 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, The9 holds a performance score of 15. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, The9's returns are expected to increase less than the market. However, during the bear market, the loss of holding The9 is expected to be smaller as well. Please check The9's semi variance, and the relationship between the sortino ratio and rate of daily change , to make a quick decision on whether The9's existing price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
The9 Ltd ADR has below average predictability. Overlapping area represents the amount of predictability between The9 time series from 23rd of November 2023 to 21st of May 2024 and 21st of May 2024 to 17th of November 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 The9 Ltd ADR price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current The9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
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 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 |
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 |
| 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 |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for The9 Stock Analysis
When running The9's 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 the 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.