Huaxia Eye (China) Market Value
| 301267 Stock | 20.18 0.81 3.86% |
| Symbol | Huaxia |
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.
| 11/24/2024 |
| 12/24/2024 |
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.
| Downside Deviation | 4.21 | |||
| Information Ratio | 0.0745 | |||
| Maximum Drawdown | 38.27 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 7.47 |
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.| Risk Adjusted Performance | 0.0728 | |||
| Jensen Alpha | 0.3778 | |||
| Total Risk Alpha | 0.2432 | |||
| Sortino Ratio | 0.086 | |||
| Treynor Ratio | 1.2 |
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 0.0819, which attests that the entity had a 0.0819% 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 Average | 0.0 | |
| Price Variance | 0.57 |
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.