Zhejiang Huatong (China) Market Value

002840 Stock   12.85  0.59  4.39%   
Zhejiang Huatong's market value is the price at which a share of Zhejiang Huatong trades on a public exchange. It measures the collective expectations of Zhejiang Huatong Meat investors about its performance. Zhejiang Huatong is trading at 12.85 as of the 24th of December 2024, a 4.39 percent decrease since the beginning of the trading day. The stock's open price was 13.44.
With this module, you can estimate the performance of a buy and hold strategy of Zhejiang Huatong Meat and determine expected loss or profit from investing in Zhejiang Huatong over a given investment horizon. Check out Zhejiang Huatong Correlation, Zhejiang Huatong Volatility and Zhejiang Huatong Alpha and Beta module to complement your research on Zhejiang Huatong.
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Please note, there is a significant difference between Zhejiang Huatong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhejiang Huatong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhejiang Huatong's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Zhejiang Huatong '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 Zhejiang Huatong'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 Zhejiang Huatong.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Zhejiang Huatong on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Huatong Meat or generate 0.0% return on investment in Zhejiang Huatong over 30 days. Zhejiang Huatong is related to or competes with Chongqing Shunbo, China Aluminum, Sportsoul, Sino Platinum, Industrial Bank, HeNan Splendor, and Western Metal. Zhejiang Huatong is entity of China. It is traded as Stock on SHE exchange. More

Zhejiang Huatong 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 Zhejiang Huatong'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 Zhejiang Huatong Meat upside and downside potential and time the market with a certain degree of confidence.

Zhejiang Huatong Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Huatong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Huatong's standard deviation. In reality, there are many statistical measures that can use Zhejiang Huatong historical prices to predict the future Zhejiang Huatong's volatility.
Hype
Prediction
LowEstimatedHigh
9.3113.1917.07
Details
Intrinsic
Valuation
LowRealHigh
8.7212.6016.48
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zhejiang Huatong. Your research has to be compared to or analyzed against Zhejiang Huatong's peers to derive any actionable benefits. When done correctly, Zhejiang Huatong's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zhejiang Huatong Meat.

Zhejiang Huatong Meat Backtested Returns

Zhejiang Huatong appears to be somewhat reliable, given 3 months investment horizon. Zhejiang Huatong Meat shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zhejiang Huatong Meat, which you can use to evaluate the volatility of the company. Please utilize Zhejiang Huatong's Market Risk Adjusted Performance of 0.5562, mean deviation of 2.92, and Downside Deviation of 3.15 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Huatong holds a performance score of 8. The firm maintains a market beta of 0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhejiang Huatong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhejiang Huatong is expected to be smaller as well. Please check Zhejiang Huatong's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Zhejiang Huatong's historical returns will revert.

Auto-correlation

    
  0.52  

Modest predictability

Zhejiang Huatong Meat has modest predictability. Overlapping area represents the amount of predictability between Zhejiang Huatong time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Zhejiang Huatong Meat price movement. The serial correlation of 0.52 indicates that about 52.0% of current Zhejiang Huatong price fluctuation can be explain by its past prices.
Correlation Coefficient0.52
Spearman Rank Test0.21
Residual Average0.0
Price Variance0.24

Zhejiang Huatong Meat lagged returns against current returns

Autocorrelation, which is Zhejiang Huatong 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 Zhejiang Huatong's stock expected returns. We can calculate the autocorrelation of Zhejiang Huatong returns to help us make a trade decision. For example, suppose you find that Zhejiang Huatong 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  

Zhejiang Huatong 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 Zhejiang Huatong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Huatong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Huatong stock over time.
   Current vs Lagged Prices   
       Timeline  

Zhejiang Huatong Lagged Returns

When evaluating Zhejiang Huatong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Huatong stock have on its future price. Zhejiang Huatong 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, Zhejiang Huatong autocorrelation shows the relationship between Zhejiang Huatong stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Huatong Meat.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Zhejiang Stock

Zhejiang Huatong financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Huatong security.