HeNan Splendor (China) Market Value
| 002296 Stock | 10.62 0.14 1.34% |
| Symbol | HeNan |
HeNan Splendor '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 HeNan Splendor'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 HeNan Splendor.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in HeNan Splendor on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding HeNan Splendor Science or generate 0.0% return on investment in HeNan Splendor over 90 days. HeNan Splendor is related to or competes with Industrial, China Construction, Bank of China, Agricultural Bank, PetroChina, China Mobile, and Ping An. HeNan Splendor is entity of China. It is traded as Stock on SHE exchange. More
HeNan Splendor 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 HeNan Splendor'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 HeNan Splendor Science upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.09 | |||
| Information Ratio | 0.1301 | |||
| Maximum Drawdown | 18.08 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 6.62 |
HeNan Splendor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HeNan Splendor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HeNan Splendor's standard deviation. In reality, there are many statistical measures that can use HeNan Splendor historical prices to predict the future HeNan Splendor's volatility.| Risk Adjusted Performance | 0.1357 | |||
| Jensen Alpha | 0.5216 | |||
| Total Risk Alpha | 0.0497 | |||
| Sortino Ratio | 0.1397 | |||
| Treynor Ratio | 2.57 |
HeNan Splendor Science Backtested Returns
HeNan Splendor appears to be somewhat reliable, given 3 months investment horizon. HeNan Splendor Science holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of volatility over the last 3 months. By examining HeNan Splendor's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize HeNan Splendor's market risk adjusted performance of 2.58, and Risk Adjusted Performance of 0.1357 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HeNan Splendor holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HeNan Splendor's returns are expected to increase less than the market. However, during the bear market, the loss of holding HeNan Splendor is expected to be smaller as well. Please check HeNan Splendor's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether HeNan Splendor's current trending patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
HeNan Splendor Science has modest predictability. Overlapping area represents the amount of predictability between HeNan Splendor time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 HeNan Splendor Science price movement. The serial correlation of 0.53 indicates that about 53.0% of current HeNan Splendor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
HeNan Splendor Science lagged returns against current returns
Autocorrelation, which is HeNan Splendor 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 HeNan Splendor's stock expected returns. We can calculate the autocorrelation of HeNan Splendor returns to help us make a trade decision. For example, suppose you find that HeNan Splendor 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 |
HeNan Splendor 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 HeNan Splendor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HeNan Splendor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HeNan Splendor stock over time.
Current vs Lagged Prices |
| Timeline |
HeNan Splendor Lagged Returns
When evaluating HeNan Splendor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HeNan Splendor stock have on its future price. HeNan Splendor 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, HeNan Splendor autocorrelation shows the relationship between HeNan Splendor stock current value and its past values and can show if there is a momentum factor associated with investing in HeNan Splendor Science.
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 HeNan Stock
HeNan Splendor financial ratios help investors to determine whether HeNan 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 HeNan with respect to the benefits of owning HeNan Splendor security.