Haima Automobile (China) Market Value
| 000572 Stock | 4.44 0.05 1.14% |
| Symbol | Haima |
Haima Automobile '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 Haima Automobile'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 Haima Automobile.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Haima Automobile on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Haima Automobile Group or generate 0.0% return on investment in Haima Automobile over 30 days. Haima Automobile is related to or competes with China State, China Merchants, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Haima Automobile is entity of China. It is traded as Stock on SHE exchange. More
Haima Automobile 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 Haima Automobile'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 Haima Automobile Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.46 | |||
| Information Ratio | 0.0935 | |||
| Maximum Drawdown | 19.6 | |||
| Value At Risk | (6.53) | |||
| Potential Upside | 9.94 |
Haima Automobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Haima Automobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haima Automobile's standard deviation. In reality, there are many statistical measures that can use Haima Automobile historical prices to predict the future Haima Automobile's volatility.| Risk Adjusted Performance | 0.1022 | |||
| Jensen Alpha | 0.584 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0901 | |||
| Treynor Ratio | (0.90) |
Haima Automobile Backtested Returns
Haima Automobile appears to be unstable, given 3 months investment horizon. Haima Automobile holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating Haima Automobile's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize Haima Automobile's Downside Deviation of 4.46, risk adjusted performance of 0.1022, and Market Risk Adjusted Performance of (0.89) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Haima Automobile holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Haima Automobile are expected to decrease at a much lower rate. During the bear market, Haima Automobile is likely to outperform the market. Please check Haima Automobile's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Haima Automobile's current trending patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Haima Automobile Group has weak predictability. Overlapping area represents the amount of predictability between Haima Automobile time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Haima Automobile price movement. The serial correlation of 0.22 indicates that over 22.0% of current Haima Automobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Haima Automobile lagged returns against current returns
Autocorrelation, which is Haima Automobile 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 Haima Automobile's stock expected returns. We can calculate the autocorrelation of Haima Automobile returns to help us make a trade decision. For example, suppose you find that Haima Automobile 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 |
Haima Automobile 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 Haima Automobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haima Automobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haima Automobile stock over time.
Current vs Lagged Prices |
| Timeline |
Haima Automobile Lagged Returns
When evaluating Haima Automobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haima Automobile stock have on its future price. Haima Automobile 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, Haima Automobile autocorrelation shows the relationship between Haima Automobile stock current value and its past values and can show if there is a momentum factor associated with investing in Haima Automobile Group.
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 Haima Stock
Haima Automobile financial ratios help investors to determine whether Haima 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 Haima with respect to the benefits of owning Haima Automobile security.