Huaxia Eye (China) Market Value

301267 Stock   20.44  0.26  1.29%   
Huaxia Eye's market value is the price at which a share of Huaxia Eye trades on a public exchange. It measures the collective expectations of Huaxia Eye Hospital investors about its performance. Huaxia Eye is trading at 20.44 as of the 24th of December 2024, a 1.29% up since the beginning of the trading day. The stock's open price was 20.18.
With this module, you can estimate the performance of a buy and hold strategy of Huaxia Eye Hospital and determine expected loss or profit from investing in Huaxia Eye over a given investment horizon. Check out Huaxia Eye Correlation, Huaxia Eye Volatility and Huaxia Eye Alpha and Beta module to complement your research on Huaxia Eye.
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Please note, there is a significant difference between Huaxia Eye's value and its price as these two are different measures arrived at by different means. Investors typically determine if Huaxia Eye is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Huaxia Eye's 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.

Huaxia Eye '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 Huaxia Eye'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 Huaxia Eye.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Huaxia Eye on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Huaxia Eye Hospital or generate 0.0% return on investment in Huaxia Eye over 30 days. Huaxia Eye is related to or competes with China Longyuan, PetroChina, Bank of China, Guangxi Guiguan, Yantai North, Huaneng Lancang, and Changshu Ruite. Huaxia Eye is entity of China. It is traded as Stock on SHE exchange. More

Huaxia Eye 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 Huaxia Eye'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 Huaxia Eye Hospital upside and downside potential and time the market with a certain degree of confidence.

Huaxia Eye Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Huaxia Eye's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huaxia Eye's standard deviation. In reality, there are many statistical measures that can use Huaxia Eye historical prices to predict the future Huaxia Eye's volatility.
Hype
Prediction
LowEstimatedHigh
16.6721.7126.75
Details
Intrinsic
Valuation
LowRealHigh
16.7621.8026.84
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Huaxia Eye. Your research has to be compared to or analyzed against Huaxia Eye's peers to derive any actionable benefits. When done correctly, Huaxia Eye's 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 Huaxia Eye Hospital.

Huaxia Eye Hospital Backtested Returns

Huaxia Eye appears to be not too volatile, given 3 months investment horizon. Huaxia Eye Hospital holds Efficiency (Sharpe) Ratio of 0.0854, which attests that the entity had a 0.0854% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Huaxia Eye Hospital, which you can use to evaluate the volatility of the firm. Please utilize Huaxia Eye's risk adjusted performance of 0.0728, and Market Risk Adjusted Performance of 1.21 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Huaxia Eye holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Huaxia Eye's returns are expected to increase less than the market. However, during the bear market, the loss of holding Huaxia Eye is expected to be smaller as well. Please check Huaxia Eye's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Huaxia Eye's current trending patterns will revert.

Auto-correlation

    
  -0.8  

Almost perfect reverse predictability

Huaxia Eye Hospital has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Huaxia Eye time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Huaxia Eye Hospital price movement. The serial correlation of -0.8 indicates that around 80.0% of current Huaxia Eye price fluctuation can be explain by its past prices.
Correlation Coefficient-0.8
Spearman Rank Test-0.85
Residual Average0.0
Price Variance0.57

Huaxia Eye Hospital lagged returns against current returns

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

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

Huaxia Eye Lagged Returns

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

Huaxia Eye financial ratios help investors to determine whether Huaxia 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 Huaxia with respect to the benefits of owning Huaxia Eye security.