Hangzhou Prevail (China) Market Value
| 300710 Stock | 20.62 0.33 1.63% |
| Symbol | Hangzhou |
Hangzhou Prevail '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 Prevail'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 Prevail.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Hangzhou Prevail on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Hangzhou Prevail Optoelectronic or generate 0.0% return on investment in Hangzhou Prevail over 540 days. Hangzhou Prevail is related to or competes with Kweichow Moutai, NAURA Technology, APT Medical, Contemporary Amperex, and Beijing Roborock. Hangzhou Prevail is entity of China. It is traded as Stock on SHE exchange. More
Hangzhou Prevail 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 Prevail'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 Prevail Optoelectronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.42 | |||
| Information Ratio | 0.0862 | |||
| Maximum Drawdown | 28.53 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 6.73 |
Hangzhou Prevail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Prevail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Prevail's standard deviation. In reality, there are many statistical measures that can use Hangzhou Prevail historical prices to predict the future Hangzhou Prevail's volatility.| Risk Adjusted Performance | 0.0967 | |||
| Jensen Alpha | 0.4947 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0836 | |||
| Treynor Ratio | (5.66) |
Hangzhou Prevail Opt Backtested Returns
Hangzhou Prevail appears to be somewhat reliable, given 3 months investment horizon. Hangzhou Prevail Opt holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. By evaluating Hangzhou Prevail's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Hangzhou Prevail's Risk Adjusted Performance of 0.0967, market risk adjusted performance of (5.65), and Downside Deviation of 4.42 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hangzhou Prevail holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.0857, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hangzhou Prevail are expected to decrease at a much lower rate. During the bear market, Hangzhou Prevail is likely to outperform the market. Please check Hangzhou Prevail's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hangzhou Prevail's current trending patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Hangzhou Prevail Optoelectronic has very good reverse predictability. Overlapping area represents the amount of predictability between Hangzhou Prevail time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Prevail Opt price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Hangzhou Prevail price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 3.82 |
Hangzhou Prevail Opt lagged returns against current returns
Autocorrelation, which is Hangzhou Prevail 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 Prevail's stock expected returns. We can calculate the autocorrelation of Hangzhou Prevail returns to help us make a trade decision. For example, suppose you find that Hangzhou Prevail 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 Prevail 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 Prevail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Prevail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Prevail stock over time.
Current vs Lagged Prices |
| Timeline |
Hangzhou Prevail Lagged Returns
When evaluating Hangzhou Prevail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Prevail stock have on its future price. Hangzhou Prevail 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 Prevail autocorrelation shows the relationship between Hangzhou Prevail stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Prevail Optoelectronic.
Regressed Prices |
| Timeline |
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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 Prevail 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 Prevail security.