Qiming Information (China) Market Value
| 002232 Stock | 19.82 1.50 7.04% |
| Symbol | Qiming |
Qiming Information '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 Qiming Information'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 Qiming Information.
| 02/05/2023 |
| 12/26/2024 |
If you would invest 0.00 in Qiming Information on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding Qiming Information Technology or generate 0.0% return on investment in Qiming Information over 690 days. Qiming Information is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Qiming Information is entity of China. It is traded as Stock on SHE exchange. More
Qiming Information 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 Qiming Information'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 Qiming Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.07 | |||
| Information Ratio | 0.1093 | |||
| Maximum Drawdown | 20.02 | |||
| Value At Risk | (9.88) | |||
| Potential Upside | 10.01 |
Qiming Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qiming Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qiming Information's standard deviation. In reality, there are many statistical measures that can use Qiming Information historical prices to predict the future Qiming Information's volatility.| Risk Adjusted Performance | 0.1027 | |||
| Jensen Alpha | 0.5964 | |||
| Total Risk Alpha | 0.3806 | |||
| Sortino Ratio | 0.1131 | |||
| Treynor Ratio | 1.71 |
Qiming Information Backtested Returns
At this point, Qiming Information is somewhat reliable. Qiming Information maintains Sharpe Ratio (i.e., Efficiency) of 0.031, which implies the firm had a 0.031% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Qiming Information, which you can use to evaluate the volatility of the company. Please check Qiming Information's Risk Adjusted Performance of 0.1027, coefficient of variation of 848.83, and Semi Deviation of 4.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Qiming Information has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.36, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Qiming Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qiming Information is expected to be smaller as well. Qiming Information right now holds a risk of 5.03%. Please check Qiming Information coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Qiming Information will be following its historical price patterns.
Auto-correlation | 0.43 |
Average predictability
Qiming Information Technology has average predictability. Overlapping area represents the amount of predictability between Qiming Information time series from 5th of February 2023 to 16th of January 2024 and 16th of January 2024 to 26th 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 Qiming Information price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Qiming Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 15.76 |
Qiming Information lagged returns against current returns
Autocorrelation, which is Qiming Information 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 Qiming Information's stock expected returns. We can calculate the autocorrelation of Qiming Information returns to help us make a trade decision. For example, suppose you find that Qiming Information 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 |
Qiming Information 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 Qiming Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qiming Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qiming Information stock over time.
Current vs Lagged Prices |
| Timeline |
Qiming Information Lagged Returns
When evaluating Qiming Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qiming Information stock have on its future price. Qiming Information 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, Qiming Information autocorrelation shows the relationship between Qiming Information stock current value and its past values and can show if there is a momentum factor associated with investing in Qiming Information Technology.
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 Qiming Stock
Qiming Information financial ratios help investors to determine whether Qiming 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 Qiming with respect to the benefits of owning Qiming Information security.