Hunan Airbluer (China) Market Value
| 301259 Stock | 43.73 2.17 4.73% |
| Symbol | Hunan |
Hunan Airbluer '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 Hunan Airbluer'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 Hunan Airbluer.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Hunan Airbluer on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Hunan Airbluer Environmental or generate 0.0% return on investment in Hunan Airbluer over 480 days. Hunan Airbluer is related to or competes with Xiangyu Medical, Allgens Medical, Dazhong Transportation, GKHT Medical, Hubeiyichang Transportation, Zhongshan Broad, and Shenzhen Glory. Hunan Airbluer is entity of China. It is traded as Stock on SHE exchange. More
Hunan Airbluer 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 Hunan Airbluer'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 Hunan Airbluer Environmental upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.42 | |||
| Information Ratio | 0.162 | |||
| Maximum Drawdown | 28.39 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 7.25 |
Hunan Airbluer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hunan Airbluer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hunan Airbluer's standard deviation. In reality, there are many statistical measures that can use Hunan Airbluer historical prices to predict the future Hunan Airbluer's volatility.| Risk Adjusted Performance | 0.1459 | |||
| Jensen Alpha | 0.823 | |||
| Total Risk Alpha | 0.1301 | |||
| Sortino Ratio | 0.2079 | |||
| Treynor Ratio | 42.75 |
Hunan Airbluer Envir Backtested Returns
Hunan Airbluer appears to be not too volatile, given 3 months investment horizon. Hunan Airbluer Envir holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. By evaluating Hunan Airbluer's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please utilize Hunan Airbluer's Downside Deviation of 3.42, risk adjusted performance of 0.1459, and Market Risk Adjusted Performance of 42.76 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hunan Airbluer holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 0.0193, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hunan Airbluer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hunan Airbluer is expected to be smaller as well. Please check Hunan Airbluer'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 Hunan Airbluer's current trending patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
Hunan Airbluer Environmental has very good predictability. Overlapping area represents the amount of predictability between Hunan Airbluer time series from 19th of August 2023 to 15th of April 2024 and 15th of April 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 Hunan Airbluer Envir price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Hunan Airbluer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 117.76 |
Hunan Airbluer Envir lagged returns against current returns
Autocorrelation, which is Hunan Airbluer 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 Hunan Airbluer's stock expected returns. We can calculate the autocorrelation of Hunan Airbluer returns to help us make a trade decision. For example, suppose you find that Hunan Airbluer 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 |
Hunan Airbluer 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 Hunan Airbluer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hunan Airbluer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hunan Airbluer stock over time.
Current vs Lagged Prices |
| Timeline |
Hunan Airbluer Lagged Returns
When evaluating Hunan Airbluer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hunan Airbluer stock have on its future price. Hunan Airbluer 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, Hunan Airbluer autocorrelation shows the relationship between Hunan Airbluer stock current value and its past values and can show if there is a momentum factor associated with investing in Hunan Airbluer Environmental.
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 Hunan Stock
Hunan Airbluer financial ratios help investors to determine whether Hunan 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 Hunan with respect to the benefits of owning Hunan Airbluer security.