Qingdao Hi (China) Market Value
| 301022 Stock | 24.56 0.23 0.95% |
| Symbol | Qingdao |
Qingdao Hi '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 Qingdao Hi'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 Qingdao Hi.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Qingdao Hi on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Qingdao Hi Tech Moulds or generate 0.0% return on investment in Qingdao Hi over 30 days. Qingdao Hi is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Jiangsu Seagull, Inner Mongolia, Shanghai Zhangjiang, and 3onedata. Qingdao Hi is entity of China. It is traded as Stock on SHE exchange. More
Qingdao Hi 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 Qingdao Hi'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 Qingdao Hi Tech Moulds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.107 | |||
| Maximum Drawdown | 27.86 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 5.82 |
Qingdao Hi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qingdao Hi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qingdao Hi's standard deviation. In reality, there are many statistical measures that can use Qingdao Hi historical prices to predict the future Qingdao Hi's volatility.| Risk Adjusted Performance | 0.1073 | |||
| Jensen Alpha | 0.503 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1099 | |||
| Treynor Ratio | 21.06 |
Qingdao Hi Tech Backtested Returns
Qingdao Hi appears to be somewhat reliable, given 3 months investment horizon. Qingdao Hi Tech maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Qingdao Hi's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please evaluate Qingdao Hi's Risk Adjusted Performance of 0.1073, coefficient of variation of 731.84, and Semi Deviation of 3.29 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qingdao Hi holds a performance score of 14. The company holds a Beta of 0.024, which implies not very significant fluctuations relative to the market. As returns on the market increase, Qingdao Hi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qingdao Hi is expected to be smaller as well. Please check Qingdao Hi's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Qingdao Hi's historical price patterns will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Qingdao Hi Tech Moulds has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Qingdao Hi time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Qingdao Hi Tech price movement. The serial correlation of -0.8 indicates that around 80.0% of current Qingdao Hi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Qingdao Hi Tech lagged returns against current returns
Autocorrelation, which is Qingdao Hi 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 Qingdao Hi's stock expected returns. We can calculate the autocorrelation of Qingdao Hi returns to help us make a trade decision. For example, suppose you find that Qingdao Hi 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 |
Qingdao Hi 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 Qingdao Hi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qingdao Hi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qingdao Hi stock over time.
Current vs Lagged Prices |
| Timeline |
Qingdao Hi Lagged Returns
When evaluating Qingdao Hi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qingdao Hi stock have on its future price. Qingdao Hi 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, Qingdao Hi autocorrelation shows the relationship between Qingdao Hi stock current value and its past values and can show if there is a momentum factor associated with investing in Qingdao Hi Tech Moulds.
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 Qingdao Stock
Qingdao Hi financial ratios help investors to determine whether Qingdao 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 Qingdao with respect to the benefits of owning Qingdao Hi security.