Zhejiang Qianjiang (China) Market Value
| 000913 Stock | 16.32 0.26 1.57% |
| Symbol | Zhejiang |
Zhejiang Qianjiang '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 Zhejiang Qianjiang'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 Zhejiang Qianjiang.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Zhejiang Qianjiang on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Qianjiang Motorcycle or generate 0.0% return on investment in Zhejiang Qianjiang over 180 days. Zhejiang Qianjiang is related to or competes with Shengda Mining, Shandong Hongchuang, Hefei Metalforming, China Aluminum, Anhui Transport, Chongqing Shunbo, and Tibet Huayu. Zhejiang Qianjiang is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Qianjiang 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 Zhejiang Qianjiang'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 Zhejiang Qianjiang Motorcycle upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | 0.0483 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 5.53 |
Zhejiang Qianjiang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Qianjiang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Qianjiang's standard deviation. In reality, there are many statistical measures that can use Zhejiang Qianjiang historical prices to predict the future Zhejiang Qianjiang's volatility.| Risk Adjusted Performance | 0.0743 | |||
| Jensen Alpha | 0.2987 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0498 | |||
| Treynor Ratio | (1.17) |
Zhejiang Qianjiang Backtested Returns
At this point, Zhejiang Qianjiang is not too volatile. Zhejiang Qianjiang shows Sharpe Ratio of 0.0301, which attests that the company had a 0.0301% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zhejiang Qianjiang, which you can use to evaluate the volatility of the company. Please check out Zhejiang Qianjiang's Market Risk Adjusted Performance of (1.16), mean deviation of 2.29, and Downside Deviation of 3.14 to validate if the risk estimate we provide is consistent with the expected return of 0.096%. Zhejiang Qianjiang has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zhejiang Qianjiang are expected to decrease at a much lower rate. During the bear market, Zhejiang Qianjiang is likely to outperform the market. Zhejiang Qianjiang right now maintains a risk of 3.19%. Please check out Zhejiang Qianjiang downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Zhejiang Qianjiang will be following its historical returns.
Auto-correlation | -0.47 |
Modest reverse predictability
Zhejiang Qianjiang Motorcycle has modest reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Qianjiang time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 Zhejiang Qianjiang price movement. The serial correlation of -0.47 indicates that about 47.0% of current Zhejiang Qianjiang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
Zhejiang Qianjiang lagged returns against current returns
Autocorrelation, which is Zhejiang Qianjiang 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 Zhejiang Qianjiang's stock expected returns. We can calculate the autocorrelation of Zhejiang Qianjiang returns to help us make a trade decision. For example, suppose you find that Zhejiang Qianjiang 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 |
Zhejiang Qianjiang 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 Zhejiang Qianjiang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Qianjiang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Qianjiang stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Qianjiang Lagged Returns
When evaluating Zhejiang Qianjiang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Qianjiang stock have on its future price. Zhejiang Qianjiang 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, Zhejiang Qianjiang autocorrelation shows the relationship between Zhejiang Qianjiang stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Qianjiang Motorcycle.
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 Zhejiang Stock
Zhejiang Qianjiang financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Qianjiang security.