Qingdao Foods (China) Market Value
| 001219 Stock | 14.78 0.23 1.58% |
| Symbol | Qingdao |
Qingdao Foods '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 Qingdao Foods' 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 Qingdao Foods.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Qingdao Foods on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Qingdao Foods Co or generate 0.0% return on investment in Qingdao Foods over 180 days. Qingdao Foods is related to or competes with Fujian Nanwang, Wuhan Yangtze, Sunwave Communications, Tongyu Communication, Tianjin Capital, Changjiang Jinggong, and Guangdong Shenglu. Qingdao Foods is entity of China. It is traded as Stock on SHE exchange. More
Qingdao Foods 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 Qingdao Foods' 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 Qingdao Foods Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.1222 | |||
| Maximum Drawdown | 17.26 | |||
| Value At Risk | (5.20) | |||
| Potential Upside | 5.57 |
Qingdao Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qingdao Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qingdao Foods' standard deviation. In reality, there are many statistical measures that can use Qingdao Foods historical prices to predict the future Qingdao Foods' volatility.| Risk Adjusted Performance | 0.1358 | |||
| Jensen Alpha | 0.5356 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1114 | |||
| Treynor Ratio | (1.60) |
Qingdao Foods Backtested Returns
Qingdao Foods appears to be somewhat reliable, given 3 months investment horizon. Qingdao Foods maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Qingdao Foods' technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please evaluate Qingdao Foods' Coefficient Of Variation of 595.66, semi deviation of 2.67, and Risk Adjusted Performance of 0.1358 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qingdao Foods holds a performance score of 12. The company holds a Beta of -0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Qingdao Foods are expected to decrease at a much lower rate. During the bear market, Qingdao Foods is likely to outperform the market. Please check Qingdao Foods' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Qingdao Foods' historical price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Qingdao Foods Co has modest reverse predictability. Overlapping area represents the amount of predictability between Qingdao Foods time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 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 Qingdao Foods price movement. The serial correlation of -0.46 indicates that about 46.0% of current Qingdao Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 2.04 |
Qingdao Foods lagged returns against current returns
Autocorrelation, which is Qingdao Foods 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 Qingdao Foods' stock expected returns. We can calculate the autocorrelation of Qingdao Foods returns to help us make a trade decision. For example, suppose you find that Qingdao Foods 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 |
Qingdao Foods 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 Qingdao Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qingdao Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qingdao Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Qingdao Foods Lagged Returns
When evaluating Qingdao Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qingdao Foods stock have on its future price. Qingdao Foods 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, Qingdao Foods autocorrelation shows the relationship between Qingdao Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Qingdao Foods 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 Qingdao Stock
Qingdao Foods financial ratios help investors to determine whether Qingdao 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 Qingdao with respect to the benefits of owning Qingdao Foods security.