Wasu Media (China) Market Value
| 000156 Stock | 8.06 0.04 0.50% |
| Symbol | Wasu |
Wasu Media '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 Wasu Media'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 Wasu Media.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Wasu Media on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Wasu Media Holding or generate 0.0% return on investment in Wasu Media over 30 days. Wasu Media is related to or competes with Lutian Machinery, PetroChina, Bank of China, and China Citic. Wasu Media is entity of China. It is traded as Stock on SHE exchange. More
Wasu Media 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 Wasu Media'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 Wasu Media Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.1177 | |||
| Maximum Drawdown | 19.43 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 4.09 |
Wasu Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasu Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasu Media's standard deviation. In reality, there are many statistical measures that can use Wasu Media historical prices to predict the future Wasu Media's volatility.| Risk Adjusted Performance | 0.1229 | |||
| Jensen Alpha | 0.4528 | |||
| Total Risk Alpha | 0.0413 | |||
| Sortino Ratio | 0.1185 | |||
| Treynor Ratio | (1.27) |
Wasu Media Holding Backtested Returns
Wasu Media appears to be slightly risky, given 3 months investment horizon. Wasu Media Holding shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. By examining Wasu Media's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Wasu Media's Downside Deviation of 2.68, market risk adjusted performance of (1.26), and Mean Deviation of 1.95 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wasu Media holds a performance score of 15. The firm maintains a market beta of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wasu Media are expected to decrease at a much lower rate. During the bear market, Wasu Media is likely to outperform the market. Please check Wasu Media's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Wasu Media's historical returns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
Wasu Media Holding has very weak reverse predictability. Overlapping area represents the amount of predictability between Wasu Media time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Wasu Media Holding price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Wasu Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Wasu Media Holding lagged returns against current returns
Autocorrelation, which is Wasu Media 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 Wasu Media's stock expected returns. We can calculate the autocorrelation of Wasu Media returns to help us make a trade decision. For example, suppose you find that Wasu Media 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 |
Wasu Media 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 Wasu Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasu Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wasu Media stock over time.
Current vs Lagged Prices |
| Timeline |
Wasu Media Lagged Returns
When evaluating Wasu Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasu Media stock have on its future price. Wasu Media 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, Wasu Media autocorrelation shows the relationship between Wasu Media stock current value and its past values and can show if there is a momentum factor associated with investing in Wasu Media Holding.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Wasu Stock
Wasu Media financial ratios help investors to determine whether Wasu Stock 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 Wasu with respect to the benefits of owning Wasu Media security.