Henan Shuanghui (China) Market Value
| 000895 Stock | 24.51 0.21 0.86% |
| Symbol | Henan |
Henan Shuanghui '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 Henan Shuanghui'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 Henan Shuanghui.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Henan Shuanghui on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Henan Shuanghui Investment or generate 0.0% return on investment in Henan Shuanghui over 720 days. Henan Shuanghui is related to or competes with Northking Information, UE Furniture, Holitech Technology, Kuangda Technology, Ningbo Homelink, and Iat Automobile. Henan Shuanghui is entity of China. It is traded as Stock on SHE exchange. More
Henan Shuanghui 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 Henan Shuanghui'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 Henan Shuanghui Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0147 | |||
| Maximum Drawdown | 12.43 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 3.31 |
Henan Shuanghui Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Henan Shuanghui's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Henan Shuanghui's standard deviation. In reality, there are many statistical measures that can use Henan Shuanghui historical prices to predict the future Henan Shuanghui's volatility.| Risk Adjusted Performance | 0.0753 | |||
| Jensen Alpha | 0.1231 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0158 | |||
| Treynor Ratio | 0.634 |
Henan Shuanghui Inve Backtested Returns
At this point, Henan Shuanghui is very steady. Henan Shuanghui Inve holds Efficiency (Sharpe) Ratio of 0.0816, which attests that the entity had a 0.0816% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Henan Shuanghui Inve, which you can use to evaluate the volatility of the firm. Please check out Henan Shuanghui's Risk Adjusted Performance of 0.0753, market risk adjusted performance of 0.644, and Downside Deviation of 1.67 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Henan Shuanghui has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Henan Shuanghui's returns are expected to increase less than the market. However, during the bear market, the loss of holding Henan Shuanghui is expected to be smaller as well. Henan Shuanghui Inve right now retains a risk of 1.89%. Please check out Henan Shuanghui coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Henan Shuanghui will be following its current trending patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Henan Shuanghui Investment has insignificant reverse predictability. Overlapping area represents the amount of predictability between Henan Shuanghui time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Henan Shuanghui Inve price movement. The serial correlation of -0.18 indicates that over 18.0% of current Henan Shuanghui price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 2.54 |
Henan Shuanghui Inve lagged returns against current returns
Autocorrelation, which is Henan Shuanghui 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 Henan Shuanghui's stock expected returns. We can calculate the autocorrelation of Henan Shuanghui returns to help us make a trade decision. For example, suppose you find that Henan Shuanghui 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 |
Henan Shuanghui 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 Henan Shuanghui stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Henan Shuanghui stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Henan Shuanghui stock over time.
Current vs Lagged Prices |
| Timeline |
Henan Shuanghui Lagged Returns
When evaluating Henan Shuanghui's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Henan Shuanghui stock have on its future price. Henan Shuanghui 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, Henan Shuanghui autocorrelation shows the relationship between Henan Shuanghui stock current value and its past values and can show if there is a momentum factor associated with investing in Henan Shuanghui Investment.
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 Henan Stock
Henan Shuanghui financial ratios help investors to determine whether Henan 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 Henan with respect to the benefits of owning Henan Shuanghui security.