Hunan Mendale (China) Market Value
| 002397 Stock | 3.20 0.02 0.63% |
| Symbol | Hunan |
Hunan Mendale '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 Hunan Mendale'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 Hunan Mendale.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Hunan Mendale on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Hunan Mendale Hometextile or generate 0.0% return on investment in Hunan Mendale over 360 days. Hunan Mendale is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Hunan Mendale is entity of China. It is traded as Stock on SHE exchange. More
Hunan Mendale 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 Hunan Mendale'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 Hunan Mendale Hometextile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.2262 | |||
| Maximum Drawdown | 19.18 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 5.75 |
Hunan Mendale Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hunan Mendale's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hunan Mendale's standard deviation. In reality, there are many statistical measures that can use Hunan Mendale historical prices to predict the future Hunan Mendale's volatility.| Risk Adjusted Performance | 0.2123 | |||
| Jensen Alpha | 0.8577 | |||
| Total Risk Alpha | 0.324 | |||
| Sortino Ratio | 0.2449 | |||
| Treynor Ratio | 5.67 |
Hunan Mendale Hometextile Backtested Returns
Hunan Mendale appears to be unstable, given 3 months investment horizon. Hunan Mendale Hometextile holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. By evaluating Hunan Mendale's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please utilize Hunan Mendale's Market Risk Adjusted Performance of 5.68, risk adjusted performance of 0.2123, and Downside Deviation of 3.06 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hunan Mendale holds a performance score of 20. The company retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hunan Mendale's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hunan Mendale is expected to be smaller as well. Please check Hunan Mendale's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Hunan Mendale's current trending patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Hunan Mendale Hometextile has modest reverse predictability. Overlapping area represents the amount of predictability between Hunan Mendale time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Hunan Mendale Hometextile price movement. The serial correlation of -0.48 indicates that about 48.0% of current Hunan Mendale price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Hunan Mendale Hometextile lagged returns against current returns
Autocorrelation, which is Hunan Mendale 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 Hunan Mendale's stock expected returns. We can calculate the autocorrelation of Hunan Mendale returns to help us make a trade decision. For example, suppose you find that Hunan Mendale 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 |
Hunan Mendale 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 Hunan Mendale stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hunan Mendale stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hunan Mendale stock over time.
Current vs Lagged Prices |
| Timeline |
Hunan Mendale Lagged Returns
When evaluating Hunan Mendale's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hunan Mendale stock have on its future price. Hunan Mendale 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, Hunan Mendale autocorrelation shows the relationship between Hunan Mendale stock current value and its past values and can show if there is a momentum factor associated with investing in Hunan Mendale Hometextile.
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 Hunan Stock
Hunan Mendale financial ratios help investors to determine whether Hunan 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 Hunan with respect to the benefits of owning Hunan Mendale security.