Hundsun Technologies (China) Market Value
| 600570 Stock | 31.17 0.17 0.54% |
| Symbol | Hundsun |
Hundsun Technologies '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 Hundsun Technologies' 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 Hundsun Technologies.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Hundsun Technologies on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Hundsun Technologies or generate 0.0% return on investment in Hundsun Technologies over 30 days. Hundsun Technologies is related to or competes with Guangzhou Jointas, Shenzhen Noposion, Chahua Modern, Miracll Chemicals, Xilong Chemical, Longxing Chemical, and Shanghai Metersbonwe. Hundsun Technologies is entity of China. It is traded as Stock on SHG exchange. More
Hundsun Technologies 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 Hundsun Technologies' 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 Hundsun Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.2387 | |||
| Maximum Drawdown | 18.19 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 10.0 |
Hundsun Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hundsun Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hundsun Technologies' standard deviation. In reality, there are many statistical measures that can use Hundsun Technologies historical prices to predict the future Hundsun Technologies' volatility.| Risk Adjusted Performance | 0.2106 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | 0.5443 | |||
| Sortino Ratio | 0.3165 | |||
| Treynor Ratio | 1.4 |
Hundsun Technologies Backtested Returns
Hundsun Technologies is not too volatile given 3 months investment horizon. Hundsun Technologies holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.22% are justified by taking the suggested risk. Use Hundsun Technologies Risk Adjusted Performance of 0.2106, downside deviation of 3.22, and Market Risk Adjusted Performance of 1.41 to evaluate company specific risk that cannot be diversified away. Hundsun Technologies holds a performance score of 21 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hundsun Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hundsun Technologies is expected to be smaller as well. Use Hundsun Technologies standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Hundsun Technologies.
Auto-correlation | -0.65 |
Very good reverse predictability
Hundsun Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between Hundsun Technologies time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Hundsun Technologies price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Hundsun Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
Hundsun Technologies lagged returns against current returns
Autocorrelation, which is Hundsun Technologies 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 Hundsun Technologies' stock expected returns. We can calculate the autocorrelation of Hundsun Technologies returns to help us make a trade decision. For example, suppose you find that Hundsun Technologies 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 |
Hundsun Technologies 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 Hundsun Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hundsun Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hundsun Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Hundsun Technologies Lagged Returns
When evaluating Hundsun Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hundsun Technologies stock have on its future price. Hundsun Technologies 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, Hundsun Technologies autocorrelation shows the relationship between Hundsun Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Hundsun Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hundsun Stock
Hundsun Technologies financial ratios help investors to determine whether Hundsun 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 Hundsun with respect to the benefits of owning Hundsun Technologies security.