Daoming OpticsChemical (China) Market Value
| 002632 Stock | 9.05 0.28 3.00% |
| Symbol | Daoming |
Daoming OpticsChemical '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 Daoming OpticsChemical'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 Daoming OpticsChemical.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Daoming OpticsChemical on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Daoming OpticsChemical Co or generate 0.0% return on investment in Daoming OpticsChemical over 30 days. Daoming OpticsChemical is related to or competes with Soyea Technology, Maxvision Technology, Hubei Forbon, Eastern Air, Northking Information, Keeson Technology, and Jinyu Bio. Daoming OpticsChemical is entity of China More
Daoming OpticsChemical 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 Daoming OpticsChemical'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 Daoming OpticsChemical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.0685 | |||
| Maximum Drawdown | 18.98 | |||
| Value At Risk | (4.01) | |||
| Potential Upside | 4.87 |
Daoming OpticsChemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daoming OpticsChemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daoming OpticsChemical's standard deviation. In reality, there are many statistical measures that can use Daoming OpticsChemical historical prices to predict the future Daoming OpticsChemical's volatility.| Risk Adjusted Performance | 0.0811 | |||
| Jensen Alpha | 0.31 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0704 | |||
| Treynor Ratio | (2.37) |
Daoming OpticsChemical Backtested Returns
Daoming OpticsChemical appears to be slightly risky, given 3 months investment horizon. Daoming OpticsChemical secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had a 0.19% return per unit of risk over the last 3 months. By reviewing Daoming OpticsChemical's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Daoming OpticsChemical's Downside Deviation of 2.96, mean deviation of 2.29, and Coefficient Of Variation of 986.75 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Daoming OpticsChemical holds a performance score of 14. The firm shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Daoming OpticsChemical are expected to decrease at a much lower rate. During the bear market, Daoming OpticsChemical is likely to outperform the market. Please check Daoming OpticsChemical's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Daoming OpticsChemical's price patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
Daoming OpticsChemical Co has below average predictability. Overlapping area represents the amount of predictability between Daoming OpticsChemical time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Daoming OpticsChemical price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Daoming OpticsChemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Daoming OpticsChemical lagged returns against current returns
Autocorrelation, which is Daoming OpticsChemical 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 Daoming OpticsChemical's stock expected returns. We can calculate the autocorrelation of Daoming OpticsChemical returns to help us make a trade decision. For example, suppose you find that Daoming OpticsChemical 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 |
Daoming OpticsChemical 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 Daoming OpticsChemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daoming OpticsChemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daoming OpticsChemical stock over time.
Current vs Lagged Prices |
| Timeline |
Daoming OpticsChemical Lagged Returns
When evaluating Daoming OpticsChemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daoming OpticsChemical stock have on its future price. Daoming OpticsChemical 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, Daoming OpticsChemical autocorrelation shows the relationship between Daoming OpticsChemical stock current value and its past values and can show if there is a momentum factor associated with investing in Daoming OpticsChemical Co.
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 Daoming Stock
Daoming OpticsChemical financial ratios help investors to determine whether Daoming 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 Daoming with respect to the benefits of owning Daoming OpticsChemical security.