Lianhe Chemical (China) Market Value
| 002250 Stock | 6.18 0.02 0.32% |
| Symbol | Lianhe |
Lianhe Chemical '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 Lianhe Chemical'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 Lianhe Chemical.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Lianhe Chemical on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Lianhe Chemical Technology or generate 0.0% return on investment in Lianhe Chemical over 720 days. Lianhe Chemical is related to or competes with Zhengping RoadBridge, Jiangsu Broadcasting, Xinjiang Beixin, Zhongshan Broad, Jinhui Mining, Chenzhou Jingui, and Shengda Mining. Lianhe Chemical is entity of China. It is traded as Stock on SHE exchange. More
Lianhe Chemical 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 Lianhe Chemical'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 Lianhe Chemical Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.0989 | |||
| Maximum Drawdown | 18.29 | |||
| Value At Risk | (4.33) | |||
| Potential Upside | 4.52 |
Lianhe Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lianhe Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lianhe Chemical's standard deviation. In reality, there are many statistical measures that can use Lianhe Chemical historical prices to predict the future Lianhe Chemical's volatility.| Risk Adjusted Performance | 0.108 | |||
| Jensen Alpha | 0.4296 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1007 | |||
| Treynor Ratio | (0.81) |
Lianhe Chemical Tech Backtested Returns
Lianhe Chemical appears to be slightly risky, given 3 months investment horizon. Lianhe Chemical Tech has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Lianhe Chemical's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise Lianhe Chemical's Mean Deviation of 2.0, risk adjusted performance of 0.108, and Downside Deviation of 2.78 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lianhe Chemical holds a performance score of 16. The company secures a Beta (Market Risk) of -0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Lianhe Chemical are expected to decrease at a much lower rate. During the bear market, Lianhe Chemical is likely to outperform the market. Please check Lianhe Chemical's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Lianhe Chemical's current price movements will revert.
Auto-correlation | 0.61 |
Good predictability
Lianhe Chemical Technology has good predictability. Overlapping area represents the amount of predictability between Lianhe Chemical time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Lianhe Chemical Tech price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Lianhe Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Lianhe Chemical Tech lagged returns against current returns
Autocorrelation, which is Lianhe Chemical 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 Lianhe Chemical's stock expected returns. We can calculate the autocorrelation of Lianhe Chemical returns to help us make a trade decision. For example, suppose you find that Lianhe Chemical 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 |
Lianhe Chemical 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 Lianhe Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lianhe Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lianhe Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Lianhe Chemical Lagged Returns
When evaluating Lianhe Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lianhe Chemical stock have on its future price. Lianhe Chemical 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, Lianhe Chemical autocorrelation shows the relationship between Lianhe Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Lianhe Chemical 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 Lianhe Stock
Lianhe Chemical financial ratios help investors to determine whether Lianhe 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 Lianhe with respect to the benefits of owning Lianhe Chemical security.