Zangge Holding (China) Market Value
| 000408 Stock | 27.08 0.01 0.04% |
| Symbol | Zangge |
Zangge Holding '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 Zangge Holding'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 Zangge Holding.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Zangge Holding on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Zangge Holding Co or generate 0.0% return on investment in Zangge Holding over 180 days. Zangge Holding is related to or competes with Kweichow Moutai, Shenzhen Mindray, Jiangsu Pacific, G Bits, Shenzhen Transsion, Beijing Roborock, and Luzhou Lao. Zangge Holding is entity of China. It is traded as Stock on SHE exchange. More
Zangge Holding 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 Zangge Holding'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 Zangge Holding Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.09 | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 4.76 |
Zangge Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zangge Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zangge Holding's standard deviation. In reality, there are many statistical measures that can use Zangge Holding historical prices to predict the future Zangge Holding's volatility.| Risk Adjusted Performance | 0.0887 | |||
| Jensen Alpha | 0.2337 | |||
| Total Risk Alpha | 0.1703 | |||
| Sortino Ratio | 0.0896 | |||
| Treynor Ratio | 1.57 |
Zangge Holding Backtested Returns
Zangge Holding appears to be very steady, given 3 months investment horizon. Zangge Holding shows Sharpe Ratio of 0.0963, which attests that the company had a 0.0963% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zangge Holding, which you can use to evaluate the volatility of the company. Please utilize Zangge Holding's Market Risk Adjusted Performance of 1.58, mean deviation of 1.65, and Downside Deviation of 2.4 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zangge Holding holds a performance score of 7. The firm maintains a market beta of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zangge Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zangge Holding is expected to be smaller as well. Please check Zangge Holding's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Zangge Holding's historical returns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Zangge Holding Co has very good reverse predictability. Overlapping area represents the amount of predictability between Zangge Holding time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Zangge Holding price movement. The serial correlation of -0.7 indicates that around 70.0% of current Zangge Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.96 |
Zangge Holding lagged returns against current returns
Autocorrelation, which is Zangge Holding 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 Zangge Holding's stock expected returns. We can calculate the autocorrelation of Zangge Holding returns to help us make a trade decision. For example, suppose you find that Zangge Holding 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 |
Zangge Holding 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 Zangge Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zangge Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zangge Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Zangge Holding Lagged Returns
When evaluating Zangge Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zangge Holding stock have on its future price. Zangge Holding 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, Zangge Holding autocorrelation shows the relationship between Zangge Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Zangge Holding Co.
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.Other Information on Investing in Zangge Stock
Zangge Holding financial ratios help investors to determine whether Zangge 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 Zangge with respect to the benefits of owning Zangge Holding security.