Everjoy Health (China) Market Value
| 002162 Stock | 3.85 0.16 4.34% |
| Symbol | Everjoy |
Everjoy Health '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 Everjoy Health'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 Everjoy Health.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Everjoy Health on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Everjoy Health Group or generate 0.0% return on investment in Everjoy Health over 360 days. Everjoy Health is related to or competes with Western Superconducting, Nancal Energy, Keda Clean, Ping An, China Construction, Bank of Suzhou, and Xizi Clean. Everjoy Health is entity of China. It is traded as Stock on SHE exchange. More
Everjoy Health 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 Everjoy Health'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 Everjoy Health Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.6 | |||
| Information Ratio | 0.1025 | |||
| Maximum Drawdown | 20.11 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 5.51 |
Everjoy Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everjoy Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everjoy Health's standard deviation. In reality, there are many statistical measures that can use Everjoy Health historical prices to predict the future Everjoy Health's volatility.| Risk Adjusted Performance | 0.1157 | |||
| Jensen Alpha | 0.5119 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.1015 | |||
| Treynor Ratio | (3.39) |
Everjoy Health Group Backtested Returns
Everjoy Health appears to be unstable, given 3 months investment horizon. Everjoy Health Group secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. By reviewing Everjoy Health's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Everjoy Health's Mean Deviation of 2.72, coefficient of variation of 708.68, and Downside Deviation of 3.6 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Everjoy Health holds a performance score of 12. The firm shows a Beta (market volatility) of -0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Everjoy Health are expected to decrease at a much lower rate. During the bear market, Everjoy Health is likely to outperform the market. Please check Everjoy Health's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Everjoy Health's price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Everjoy Health Group has very good reverse predictability. Overlapping area represents the amount of predictability between Everjoy Health time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Everjoy Health Group price movement. The serial correlation of -0.66 indicates that around 66.0% of current Everjoy Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Everjoy Health Group lagged returns against current returns
Autocorrelation, which is Everjoy Health 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 Everjoy Health's stock expected returns. We can calculate the autocorrelation of Everjoy Health returns to help us make a trade decision. For example, suppose you find that Everjoy Health 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 |
Everjoy Health 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 Everjoy Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everjoy Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everjoy Health stock over time.
Current vs Lagged Prices |
| Timeline |
Everjoy Health Lagged Returns
When evaluating Everjoy Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everjoy Health stock have on its future price. Everjoy Health 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, Everjoy Health autocorrelation shows the relationship between Everjoy Health stock current value and its past values and can show if there is a momentum factor associated with investing in Everjoy Health Group.
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 Everjoy Stock
Everjoy Health financial ratios help investors to determine whether Everjoy 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 Everjoy with respect to the benefits of owning Everjoy Health security.