Fushun Special (China) Market Value
| 600399 Stock | 6.65 0.05 0.76% |
| Symbol | Fushun |
Fushun Special '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 Fushun Special'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 Fushun Special.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Fushun Special on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Fushun Special Steel or generate 0.0% return on investment in Fushun Special over 60 days. Fushun Special is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Fushun Special is entity of China. It is traded as Stock on SHG exchange. More
Fushun Special 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 Fushun Special'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 Fushun Special Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.0991 | |||
| Maximum Drawdown | 18.98 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 7.14 |
Fushun Special Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fushun Special's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fushun Special's standard deviation. In reality, there are many statistical measures that can use Fushun Special historical prices to predict the future Fushun Special's volatility.| Risk Adjusted Performance | 0.1052 | |||
| Jensen Alpha | 0.4378 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1132 | |||
| Treynor Ratio | 2.17 |
Fushun Special Steel Backtested Returns
Fushun Special appears to be slightly risky, given 3 months investment horizon. Fushun Special Steel secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. By reviewing Fushun Special's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Fushun Special's Mean Deviation of 2.38, coefficient of variation of 742.95, and Downside Deviation of 3.07 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fushun Special holds a performance score of 10. The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Fushun Special's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fushun Special is expected to be smaller as well. Please check Fushun Special's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Fushun Special's price patterns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Fushun Special Steel has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fushun Special time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Fushun Special Steel price movement. The serial correlation of -0.71 indicates that around 71.0% of current Fushun Special price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Fushun Special Steel lagged returns against current returns
Autocorrelation, which is Fushun Special 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 Fushun Special's stock expected returns. We can calculate the autocorrelation of Fushun Special returns to help us make a trade decision. For example, suppose you find that Fushun Special 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 |
Fushun Special 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 Fushun Special stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fushun Special stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fushun Special stock over time.
Current vs Lagged Prices |
| Timeline |
Fushun Special Lagged Returns
When evaluating Fushun Special's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fushun Special stock have on its future price. Fushun Special 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, Fushun Special autocorrelation shows the relationship between Fushun Special stock current value and its past values and can show if there is a momentum factor associated with investing in Fushun Special Steel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Fushun Stock
Fushun Special financial ratios help investors to determine whether Fushun 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 Fushun with respect to the benefits of owning Fushun Special security.