Qifeng New (China) Market Value
| 002521 Stock | 11.09 0.18 1.60% |
| Symbol | Qifeng |
Qifeng New '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 Qifeng New'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 Qifeng New.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Qifeng New on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Qifeng New Material or generate 0.0% return on investment in Qifeng New over 30 days. Qifeng New is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Qifeng New is entity of China. It is traded as Stock on SHE exchange. More
Qifeng New 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 Qifeng New'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 Qifeng New Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0408 | |||
| Maximum Drawdown | 18.1 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 5.58 |
Qifeng New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qifeng New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qifeng New's standard deviation. In reality, there are many statistical measures that can use Qifeng New historical prices to predict the future Qifeng New's volatility.| Risk Adjusted Performance | 0.0669 | |||
| Jensen Alpha | 0.2657 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0453 | |||
| Treynor Ratio | (0.96) |
Qifeng New Material Backtested Returns
Qifeng New appears to be somewhat reliable, given 3 months investment horizon. Qifeng New Material maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Qifeng New Material, which you can use to evaluate the volatility of the company. Please evaluate Qifeng New's Semi Deviation of 2.58, risk adjusted performance of 0.0669, and Coefficient Of Variation of 1217.97 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qifeng New holds a performance score of 10. The company holds a Beta of -0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qifeng New are expected to decrease at a much lower rate. During the bear market, Qifeng New is likely to outperform the market. Please check Qifeng New's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Qifeng New's historical price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Qifeng New Material has insignificant predictability. Overlapping area represents the amount of predictability between Qifeng New time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Qifeng New Material price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Qifeng New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Qifeng New Material lagged returns against current returns
Autocorrelation, which is Qifeng New 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 Qifeng New's stock expected returns. We can calculate the autocorrelation of Qifeng New returns to help us make a trade decision. For example, suppose you find that Qifeng New 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 |
Qifeng New 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 Qifeng New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qifeng New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qifeng New stock over time.
Current vs Lagged Prices |
| Timeline |
Qifeng New Lagged Returns
When evaluating Qifeng New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qifeng New stock have on its future price. Qifeng New 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, Qifeng New autocorrelation shows the relationship between Qifeng New stock current value and its past values and can show if there is a momentum factor associated with investing in Qifeng New Material.
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 Qifeng Stock
Qifeng New financial ratios help investors to determine whether Qifeng 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 Qifeng with respect to the benefits of owning Qifeng New security.