Huizhou Desay (China) Market Value
| 002920 Stock | 112.75 1.13 0.99% |
| Symbol | Huizhou |
Huizhou Desay '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 Huizhou Desay'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 Huizhou Desay.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Huizhou Desay on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Huizhou Desay SV or generate 0.0% return on investment in Huizhou Desay over 720 days. Huizhou Desay is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. Huizhou Desay is entity of China. It is traded as Stock on SHE exchange. More
Huizhou Desay 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 Huizhou Desay'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 Huizhou Desay SV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.0943 | |||
| Maximum Drawdown | 17.56 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 6.56 |
Huizhou Desay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huizhou Desay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huizhou Desay's standard deviation. In reality, there are many statistical measures that can use Huizhou Desay historical prices to predict the future Huizhou Desay's volatility.| Risk Adjusted Performance | 0.0899 | |||
| Jensen Alpha | 0.3413 | |||
| Total Risk Alpha | 0.2475 | |||
| Sortino Ratio | 0.1217 | |||
| Treynor Ratio | 5.71 |
Huizhou Desay SV Backtested Returns
Huizhou Desay appears to be very steady, given 3 months investment horizon. Huizhou Desay SV holds Efficiency (Sharpe) Ratio of 0.0973, which attests that the entity had a 0.0973% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Huizhou Desay SV, which you can use to evaluate the volatility of the firm. Please utilize Huizhou Desay's Risk Adjusted Performance of 0.0899, downside deviation of 2.63, and Market Risk Adjusted Performance of 5.72 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Huizhou Desay holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.06, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Huizhou Desay's returns are expected to increase less than the market. However, during the bear market, the loss of holding Huizhou Desay is expected to be smaller as well. Please check Huizhou Desay's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Huizhou Desay's current trending patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Huizhou Desay SV has good reverse predictability. Overlapping area represents the amount of predictability between Huizhou Desay time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Huizhou Desay SV price movement. The serial correlation of -0.51 indicates that about 51.0% of current Huizhou Desay price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 224.18 |
Huizhou Desay SV lagged returns against current returns
Autocorrelation, which is Huizhou Desay 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 Huizhou Desay's stock expected returns. We can calculate the autocorrelation of Huizhou Desay returns to help us make a trade decision. For example, suppose you find that Huizhou Desay 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 |
Huizhou Desay 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 Huizhou Desay stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huizhou Desay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huizhou Desay stock over time.
Current vs Lagged Prices |
| Timeline |
Huizhou Desay Lagged Returns
When evaluating Huizhou Desay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huizhou Desay stock have on its future price. Huizhou Desay 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, Huizhou Desay autocorrelation shows the relationship between Huizhou Desay stock current value and its past values and can show if there is a momentum factor associated with investing in Huizhou Desay SV.
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 Huizhou Stock
Huizhou Desay financial ratios help investors to determine whether Huizhou 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 Huizhou with respect to the benefits of owning Huizhou Desay security.