Hangzhou Zhongya (China) Market Value
| 300512 Stock | 7.40 0.03 0.40% |
| Symbol | Hangzhou |
Hangzhou Zhongya '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 Hangzhou Zhongya'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 Hangzhou Zhongya.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Hangzhou Zhongya on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Hangzhou Zhongya Machinery or generate 0.0% return on investment in Hangzhou Zhongya over 30 days. Hangzhou Zhongya is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Hangzhou Zhongya is entity of China. It is traded as Stock on SHE exchange. More
Hangzhou Zhongya 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 Hangzhou Zhongya'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 Hangzhou Zhongya Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | 0.0978 | |||
| Maximum Drawdown | 26.83 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 5.42 |
Hangzhou Zhongya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Zhongya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Zhongya's standard deviation. In reality, there are many statistical measures that can use Hangzhou Zhongya historical prices to predict the future Hangzhou Zhongya's volatility.| Risk Adjusted Performance | 0.0918 | |||
| Jensen Alpha | 0.3782 | |||
| Total Risk Alpha | 0.2914 | |||
| Sortino Ratio | 0.1019 | |||
| Treynor Ratio | 3.62 |
Hangzhou Zhongya Mac Backtested Returns
Hangzhou Zhongya appears to be slightly risky, given 3 months investment horizon. Hangzhou Zhongya Mac holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By evaluating Hangzhou Zhongya's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Hangzhou Zhongya's Risk Adjusted Performance of 0.0918, market risk adjusted performance of 3.63, and Downside Deviation of 3.54 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hangzhou Zhongya holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hangzhou Zhongya's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hangzhou Zhongya is expected to be smaller as well. Please check Hangzhou Zhongya's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hangzhou Zhongya's current trending patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Hangzhou Zhongya Machinery has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hangzhou Zhongya time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Hangzhou Zhongya Mac price movement. The serial correlation of -0.76 indicates that around 76.0% of current Hangzhou Zhongya price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Hangzhou Zhongya Mac lagged returns against current returns
Autocorrelation, which is Hangzhou Zhongya 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 Hangzhou Zhongya's stock expected returns. We can calculate the autocorrelation of Hangzhou Zhongya returns to help us make a trade decision. For example, suppose you find that Hangzhou Zhongya 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 |
Hangzhou Zhongya 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 Hangzhou Zhongya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Zhongya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Zhongya stock over time.
Current vs Lagged Prices |
| Timeline |
Hangzhou Zhongya Lagged Returns
When evaluating Hangzhou Zhongya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Zhongya stock have on its future price. Hangzhou Zhongya 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, Hangzhou Zhongya autocorrelation shows the relationship between Hangzhou Zhongya stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Zhongya Machinery.
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 Hangzhou Stock
Hangzhou Zhongya financial ratios help investors to determine whether Hangzhou 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 Hangzhou with respect to the benefits of owning Hangzhou Zhongya security.