Mingchen Health (China) Market Value
| 002919 Stock | 17.30 0.23 1.35% |
| Symbol | Mingchen |
Mingchen Health '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 Mingchen Health'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 Mingchen Health.
| 10/27/2023 |
| 12/20/2024 |
If you would invest 0.00 in Mingchen Health on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding Mingchen Health Co or generate 0.0% return on investment in Mingchen Health over 420 days. Mingchen Health is related to or competes with Agricultural Bank, Industrial, Bank of China, PetroChina, China Petroleum, Postal Savings, and China Telecom. Mingchen Health is entity of China. It is traded as Stock on SHE exchange. More
Mingchen Health 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 Mingchen Health'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 Mingchen Health Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.01 | |||
| Information Ratio | 0.1373 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (5.50) | |||
| Potential Upside | 4.75 |
Mingchen Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mingchen Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mingchen Health's standard deviation. In reality, there are many statistical measures that can use Mingchen Health historical prices to predict the future Mingchen Health's volatility.| Risk Adjusted Performance | 0.1235 | |||
| Jensen Alpha | 0.5288 | |||
| Total Risk Alpha | 0.4257 | |||
| Sortino Ratio | 0.1264 | |||
| Treynor Ratio | 42.67 |
Mingchen Health Backtested Returns
Mingchen Health appears to be somewhat reliable, given 3 months investment horizon. Mingchen Health has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Mingchen Health's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please exercise Mingchen Health's Mean Deviation of 2.71, downside deviation of 4.01, and Risk Adjusted Performance of 0.1235 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mingchen Health holds a performance score of 13. The company secures a Beta (Market Risk) of 0.0124, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mingchen Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mingchen Health is expected to be smaller as well. Please check Mingchen Health's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Mingchen Health's current price movements will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Mingchen Health Co has very good reverse predictability. Overlapping area represents the amount of predictability between Mingchen Health time series from 27th of October 2023 to 24th of May 2024 and 24th of May 2024 to 20th 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 Mingchen Health price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Mingchen Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 3.22 |
Mingchen Health lagged returns against current returns
Autocorrelation, which is Mingchen Health 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 Mingchen Health's stock expected returns. We can calculate the autocorrelation of Mingchen Health returns to help us make a trade decision. For example, suppose you find that Mingchen Health 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 |
Mingchen Health 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 Mingchen Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mingchen Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mingchen Health stock over time.
Current vs Lagged Prices |
| Timeline |
Mingchen Health Lagged Returns
When evaluating Mingchen Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mingchen Health stock have on its future price. Mingchen Health 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, Mingchen Health autocorrelation shows the relationship between Mingchen Health stock current value and its past values and can show if there is a momentum factor associated with investing in Mingchen Health 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 Mingchen Stock
Mingchen Health financial ratios help investors to determine whether Mingchen 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 Mingchen with respect to the benefits of owning Mingchen Health security.