Hangzhou Coco (China) Market Value
| 301009 Stock | 9.79 0.07 0.71% |
| Symbol | Hangzhou |
Hangzhou Coco '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 Coco'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 Coco.
| 06/14/2024 |
| 12/11/2024 |
If you would invest 0.00 in Hangzhou Coco on June 14, 2024 and sell it all today you would earn a total of 0.00 from holding Hangzhou Coco Healthcare or generate 0.0% return on investment in Hangzhou Coco over 180 days. Hangzhou Coco is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Hangzhou Coco is entity of China. It is traded as Stock on SHE exchange. More
Hangzhou Coco 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 Coco'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 Coco Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.101 | |||
| Maximum Drawdown | 21.38 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 5.43 |
Hangzhou Coco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Coco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Coco's standard deviation. In reality, there are many statistical measures that can use Hangzhou Coco historical prices to predict the future Hangzhou Coco's volatility.| Risk Adjusted Performance | 0.1081 | |||
| Jensen Alpha | 0.4767 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1087 | |||
| Treynor Ratio | (1.73) |
Hangzhou Coco Healthcare Backtested Returns
Hangzhou Coco appears to be slightly risky, given 3 months investment horizon. Hangzhou Coco Healthcare holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating Hangzhou Coco's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Hangzhou Coco's Downside Deviation of 3.06, risk adjusted performance of 0.1081, and Market Risk Adjusted Performance of (1.72) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hangzhou Coco holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hangzhou Coco are expected to decrease at a much lower rate. During the bear market, Hangzhou Coco is likely to outperform the market. Please check Hangzhou Coco'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 Coco's current trending patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Hangzhou Coco Healthcare has insignificant predictability. Overlapping area represents the amount of predictability between Hangzhou Coco time series from 14th of June 2024 to 12th of September 2024 and 12th of September 2024 to 11th 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 Coco Healthcare price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Hangzhou Coco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Hangzhou Coco Healthcare lagged returns against current returns
Autocorrelation, which is Hangzhou Coco 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 Coco's stock expected returns. We can calculate the autocorrelation of Hangzhou Coco returns to help us make a trade decision. For example, suppose you find that Hangzhou Coco 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 Coco 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 Coco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Coco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Coco stock over time.
Current vs Lagged Prices |
| Timeline |
Hangzhou Coco Lagged Returns
When evaluating Hangzhou Coco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Coco stock have on its future price. Hangzhou Coco 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 Coco autocorrelation shows the relationship between Hangzhou Coco stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Coco Healthcare.
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 Coco 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 Coco security.