Hithink RoyalFlush (China) Market Value
| 300033 Stock | 305.83 0.83 0.27% |
| Symbol | Hithink |
Hithink RoyalFlush '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 Hithink RoyalFlush'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 Hithink RoyalFlush.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Hithink RoyalFlush on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Hithink RoyalFlush Info or generate 0.0% return on investment in Hithink RoyalFlush over 720 days. Hithink RoyalFlush is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Hithink RoyalFlush is entity of China. It is traded as Stock on SHE exchange. More
Hithink RoyalFlush 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 Hithink RoyalFlush'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 Hithink RoyalFlush Info upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.9 | |||
| Information Ratio | 0.2573 | |||
| Maximum Drawdown | 37.44 | |||
| Value At Risk | (5.16) | |||
| Potential Upside | 20.0 |
Hithink RoyalFlush Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hithink RoyalFlush's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hithink RoyalFlush's standard deviation. In reality, there are many statistical measures that can use Hithink RoyalFlush historical prices to predict the future Hithink RoyalFlush's volatility.| Risk Adjusted Performance | 0.2162 | |||
| Jensen Alpha | 1.91 | |||
| Total Risk Alpha | 1.74 | |||
| Sortino Ratio | 0.3923 | |||
| Treynor Ratio | 1.3 |
Hithink RoyalFlush Info Backtested Returns
Hithink RoyalFlush is very steady given 3 months investment horizon. Hithink RoyalFlush Info holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.92% are justified by taking the suggested risk. Use Hithink RoyalFlush Info Risk Adjusted Performance of 0.2162, market risk adjusted performance of 1.31, and Downside Deviation of 4.9 to evaluate company specific risk that cannot be diversified away. Hithink RoyalFlush holds a performance score of 19 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.49, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hithink RoyalFlush will likely underperform. Use Hithink RoyalFlush Info total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on Hithink RoyalFlush Info.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Hithink RoyalFlush Info has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hithink RoyalFlush time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Hithink RoyalFlush Info price movement. The serial correlation of -0.2 indicates that over 20.0% of current Hithink RoyalFlush price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 4964.36 |
Hithink RoyalFlush Info lagged returns against current returns
Autocorrelation, which is Hithink RoyalFlush 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 Hithink RoyalFlush's stock expected returns. We can calculate the autocorrelation of Hithink RoyalFlush returns to help us make a trade decision. For example, suppose you find that Hithink RoyalFlush 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 |
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Hithink RoyalFlush 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 Hithink RoyalFlush stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hithink RoyalFlush stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hithink RoyalFlush stock over time.
Current vs Lagged Prices |
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Hithink RoyalFlush Lagged Returns
When evaluating Hithink RoyalFlush's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hithink RoyalFlush stock have on its future price. Hithink RoyalFlush 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, Hithink RoyalFlush autocorrelation shows the relationship between Hithink RoyalFlush stock current value and its past values and can show if there is a momentum factor associated with investing in Hithink RoyalFlush Info.
Regressed Prices |
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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 Hithink Stock
Hithink RoyalFlush financial ratios help investors to determine whether Hithink 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 Hithink with respect to the benefits of owning Hithink RoyalFlush security.