Wankai New (China) Market Value
| 301216 Stock | 10.73 0.03 0.28% |
| Symbol | Wankai |
Wankai New '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 Wankai New'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 Wankai New.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Wankai New on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Wankai New Materials or generate 0.0% return on investment in Wankai New over 30 days. Wankai New is related to or competes with Tonghua Grape, Jiangxi Naipu, BTG Hotels, Shandong Longquan, HaiXin Foods, Chenzhou Jingui, and Citic Guoan. Wankai New is entity of China. It is traded as Stock on SHE exchange. More
Wankai New 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 Wankai New'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 Wankai New Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | 0.0672 | |||
| Maximum Drawdown | 22.79 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 4.13 |
Wankai New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wankai New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wankai New's standard deviation. In reality, there are many statistical measures that can use Wankai New historical prices to predict the future Wankai New's volatility.| Risk Adjusted Performance | 0.0691 | |||
| Jensen Alpha | 0.2243 | |||
| Total Risk Alpha | 0.1394 | |||
| Sortino Ratio | 0.0674 | |||
| Treynor Ratio | (4.65) |
Wankai New Materials Backtested Returns
Wankai New appears to be somewhat reliable, given 3 months investment horizon. Wankai New Materials shows Sharpe Ratio of 0.0787, which attests that the company had a 0.0787% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wankai New Materials, which you can use to evaluate the volatility of the company. Please utilize Wankai New's Downside Deviation of 2.98, market risk adjusted performance of (4.64), and Mean Deviation of 1.91 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wankai New holds a performance score of 6. The firm maintains a market beta of -0.048, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wankai New are expected to decrease at a much lower rate. During the bear market, Wankai New is likely to outperform the market. Please check Wankai New'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 Wankai New's historical returns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Wankai New Materials has very good reverse predictability. Overlapping area represents the amount of predictability between Wankai New time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Wankai New Materials price movement. The serial correlation of -0.68 indicates that around 68.0% of current Wankai New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Wankai New Materials lagged returns against current returns
Autocorrelation, which is Wankai New 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 Wankai New's stock expected returns. We can calculate the autocorrelation of Wankai New returns to help us make a trade decision. For example, suppose you find that Wankai New 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 |
Wankai New 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 Wankai New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wankai New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wankai New stock over time.
Current vs Lagged Prices |
| Timeline |
Wankai New Lagged Returns
When evaluating Wankai New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wankai New stock have on its future price. Wankai New 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, Wankai New autocorrelation shows the relationship between Wankai New stock current value and its past values and can show if there is a momentum factor associated with investing in Wankai New Materials.
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 Wankai Stock
Wankai New financial ratios help investors to determine whether Wankai 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 Wankai with respect to the benefits of owning Wankai New security.