Longxing Chemical (China) Market Value
| 002442 Stock | 5.68 0.03 0.53% |
| Symbol | Longxing |
Longxing 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 Longxing 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 Longxing Chemical.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Longxing Chemical on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Longxing Chemical Stock or generate 0.0% return on investment in Longxing Chemical over 720 days. Longxing Chemical is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Rongsheng Petrochemical, Shandong Gold, Inner Mongolia, and Jiangxi Ganfeng. Longxing Chemical is entity of China. It is traded as Stock on SHE exchange. More
Longxing 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 Longxing 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 Longxing Chemical Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.1843 | |||
| Maximum Drawdown | 15.48 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 3.54 |
Longxing Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Longxing Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Longxing Chemical's standard deviation. In reality, there are many statistical measures that can use Longxing Chemical historical prices to predict the future Longxing Chemical's volatility.| Risk Adjusted Performance | 0.1874 | |||
| Jensen Alpha | 0.5997 | |||
| Total Risk Alpha | 0.1972 | |||
| Sortino Ratio | 0.1915 | |||
| Treynor Ratio | (1.40) |
Longxing Chemical Stock Backtested Returns
Longxing Chemical appears to be slightly risky, given 3 months investment horizon. Longxing Chemical Stock has Sharpe Ratio of 0.22, which conveys that the firm had a 0.22% return per unit of risk over the last 3 months. By analyzing Longxing Chemical's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please exercise Longxing Chemical's Downside Deviation of 2.3, mean deviation of 1.73, and Risk Adjusted Performance of 0.1874 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Longxing Chemical holds a performance score of 17. The company secures a Beta (Market Risk) of -0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Longxing Chemical are expected to decrease at a much lower rate. During the bear market, Longxing Chemical is likely to outperform the market. Please check Longxing Chemical's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Longxing Chemical's current price movements will revert.
Auto-correlation | 0.24 |
Weak predictability
Longxing Chemical Stock has weak predictability. Overlapping area represents the amount of predictability between Longxing Chemical time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 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 Longxing Chemical Stock price movement. The serial correlation of 0.24 indicates that over 24.0% of current Longxing Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Longxing Chemical Stock lagged returns against current returns
Autocorrelation, which is Longxing 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 Longxing Chemical's stock expected returns. We can calculate the autocorrelation of Longxing Chemical returns to help us make a trade decision. For example, suppose you find that Longxing 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 |
Longxing 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 Longxing Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Longxing Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Longxing Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Longxing Chemical Lagged Returns
When evaluating Longxing Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Longxing Chemical stock have on its future price. Longxing 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, Longxing Chemical autocorrelation shows the relationship between Longxing Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Longxing Chemical Stock.
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 Longxing Stock
Longxing Chemical financial ratios help investors to determine whether Longxing 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 Longxing with respect to the benefits of owning Longxing Chemical security.