Wintao Communications (China) Market Value

301139 Stock   25.25  0.26  1.04%   
Wintao Communications' market value is the price at which a share of Wintao Communications trades on a public exchange. It measures the collective expectations of Wintao Communications Co investors about its performance. Wintao Communications is trading at 25.25 as of the 9th of December 2024, a 1.04 percent increase since the beginning of the trading day. The stock's open price was 24.99.
With this module, you can estimate the performance of a buy and hold strategy of Wintao Communications Co and determine expected loss or profit from investing in Wintao Communications over a given investment horizon. Check out Wintao Communications Correlation, Wintao Communications Volatility and Wintao Communications Alpha and Beta module to complement your research on Wintao Communications.
Symbol

Please note, there is a significant difference between Wintao Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wintao Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wintao Communications' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Wintao Communications '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 Wintao Communications' 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 Wintao Communications.
0.00
11/09/2024
No Change 0.00  0.0 
In 31 days
12/09/2024
0.00
If you would invest  0.00  in Wintao Communications on November 9, 2024 and sell it all today you would earn a total of 0.00 from holding Wintao Communications Co or generate 0.0% return on investment in Wintao Communications over 30 days. Wintao Communications is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Wintao Communications is entity of China More

Wintao Communications 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 Wintao Communications' 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 Wintao Communications Co upside and downside potential and time the market with a certain degree of confidence.

Wintao Communications Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Wintao Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wintao Communications' standard deviation. In reality, there are many statistical measures that can use Wintao Communications historical prices to predict the future Wintao Communications' volatility.
Hype
Prediction
LowEstimatedHigh
21.0624.9928.92
Details
Intrinsic
Valuation
LowRealHigh
15.8919.8227.49
Details
Naive
Forecast
LowNextHigh
20.3424.2728.20
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
23.1824.5325.89
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Wintao Communications. Your research has to be compared to or analyzed against Wintao Communications' peers to derive any actionable benefits. When done correctly, Wintao Communications' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Wintao Communications.

Wintao Communications Backtested Returns

Wintao Communications appears to be not too volatile, given 3 months investment horizon. Wintao Communications shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. By examining Wintao Communications' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Wintao Communications' Mean Deviation of 2.58, market risk adjusted performance of (5.02), and Downside Deviation of 3.83 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wintao Communications holds a performance score of 10. The firm maintains a market beta of -0.0907, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wintao Communications are expected to decrease at a much lower rate. During the bear market, Wintao Communications is likely to outperform the market. Please check Wintao Communications' 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 Wintao Communications' historical returns will revert.

Auto-correlation

    
  -0.47  

Modest reverse predictability

Wintao Communications Co has modest reverse predictability. Overlapping area represents the amount of predictability between Wintao Communications time series from 9th of November 2024 to 24th of November 2024 and 24th of November 2024 to 9th 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 Wintao Communications price movement. The serial correlation of -0.47 indicates that about 47.0% of current Wintao Communications price fluctuation can be explain by its past prices.
Correlation Coefficient-0.47
Spearman Rank Test-0.45
Residual Average0.0
Price Variance0.37

Wintao Communications lagged returns against current returns

Autocorrelation, which is Wintao Communications 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 Wintao Communications' stock expected returns. We can calculate the autocorrelation of Wintao Communications returns to help us make a trade decision. For example, suppose you find that Wintao Communications 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  

Wintao Communications 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 Wintao Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wintao Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wintao Communications stock over time.
   Current vs Lagged Prices   
       Timeline  

Wintao Communications Lagged Returns

When evaluating Wintao Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wintao Communications stock have on its future price. Wintao Communications 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, Wintao Communications autocorrelation shows the relationship between Wintao Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Wintao Communications Co.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Wintao Stock

Wintao Communications financial ratios help investors to determine whether Wintao 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 Wintao with respect to the benefits of owning Wintao Communications security.