Zhonghong Pulin (China) Market Value
| 300981 Stock | 13.86 0.73 5.00% |
| Symbol | Zhonghong |
Zhonghong Pulin '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 Zhonghong Pulin'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 Zhonghong Pulin.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Zhonghong Pulin on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Zhonghong Pulin Medical or generate 0.0% return on investment in Zhonghong Pulin over 30 days. Zhonghong Pulin is related to or competes with China Publishing, Henan Shuanghui, Guangzhou Jinyi, Mango Excellent, Qingdao Citymedia, and Beijing Bashi. Zhonghong Pulin is entity of China. It is traded as Stock on SHE exchange. More
Zhonghong Pulin 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 Zhonghong Pulin'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 Zhonghong Pulin Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.46 | |||
| Information Ratio | 0.1102 | |||
| Maximum Drawdown | 29.64 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 6.35 |
Zhonghong Pulin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhonghong Pulin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhonghong Pulin's standard deviation. In reality, there are many statistical measures that can use Zhonghong Pulin historical prices to predict the future Zhonghong Pulin's volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | 0.6341 | |||
| Total Risk Alpha | 0.2062 | |||
| Sortino Ratio | 0.12 | |||
| Treynor Ratio | (0.82) |
Zhonghong Pulin Medical Backtested Returns
Zhonghong Pulin appears to be slightly risky, given 3 months investment horizon. Zhonghong Pulin Medical shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. By examining Zhonghong Pulin's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please utilize Zhonghong Pulin's Market Risk Adjusted Performance of (0.81), mean deviation of 3.02, and Downside Deviation of 4.46 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhonghong Pulin holds a performance score of 11. The firm maintains a market beta of -0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhonghong Pulin are expected to decrease at a much lower rate. During the bear market, Zhonghong Pulin is likely to outperform the market. Please check Zhonghong Pulin's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Zhonghong Pulin's historical returns will revert.
Auto-correlation | 0.45 |
Average predictability
Zhonghong Pulin Medical has average predictability. Overlapping area represents the amount of predictability between Zhonghong Pulin time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Zhonghong Pulin Medical price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Zhonghong Pulin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Zhonghong Pulin Medical lagged returns against current returns
Autocorrelation, which is Zhonghong Pulin 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 Zhonghong Pulin's stock expected returns. We can calculate the autocorrelation of Zhonghong Pulin returns to help us make a trade decision. For example, suppose you find that Zhonghong Pulin 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 |
Zhonghong Pulin 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 Zhonghong Pulin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhonghong Pulin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhonghong Pulin stock over time.
Current vs Lagged Prices |
| Timeline |
Zhonghong Pulin Lagged Returns
When evaluating Zhonghong Pulin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhonghong Pulin stock have on its future price. Zhonghong Pulin 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, Zhonghong Pulin autocorrelation shows the relationship between Zhonghong Pulin stock current value and its past values and can show if there is a momentum factor associated with investing in Zhonghong Pulin Medical.
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 Zhonghong Stock
Zhonghong Pulin financial ratios help investors to determine whether Zhonghong 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 Zhonghong with respect to the benefits of owning Zhonghong Pulin security.