Fujian Oriental (China) Market Value
| 600753 Stock | 7.29 0.03 0.41% |
| Symbol | Fujian |
Fujian Oriental '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 Fujian Oriental'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 Fujian Oriental.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Fujian Oriental on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fujian Oriental Silver or generate 0.0% return on investment in Fujian Oriental over 30 days. Fujian Oriental is related to or competes with Qingdao Foods, Shantou Wanshun, Beijing Sanyuan, Great Sun, and Ligao Foods. Fujian Oriental is entity of China. It is traded as Stock on SHG exchange. More
Fujian Oriental 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 Fujian Oriental'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 Fujian Oriental Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.63 | |||
| Information Ratio | 0.1018 | |||
| Maximum Drawdown | 18.26 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 6.14 |
Fujian Oriental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fujian Oriental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fujian Oriental's standard deviation. In reality, there are many statistical measures that can use Fujian Oriental historical prices to predict the future Fujian Oriental's volatility.| Risk Adjusted Performance | 0.1136 | |||
| Jensen Alpha | 0.5296 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1063 | |||
| Treynor Ratio | (4.03) |
Fujian Oriental Silver Backtested Returns
Fujian Oriental appears to be slightly risky, given 3 months investment horizon. Fujian Oriental Silver secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. By reviewing Fujian Oriental's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Fujian Oriental's Coefficient Of Variation of 723.94, mean deviation of 2.97, and Downside Deviation of 3.63 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fujian Oriental holds a performance score of 13. The firm shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fujian Oriental are expected to decrease at a much lower rate. During the bear market, Fujian Oriental is likely to outperform the market. Please check Fujian Oriental's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Fujian Oriental's price patterns will revert.
Auto-correlation | 0.26 |
Poor predictability
Fujian Oriental Silver has poor predictability. Overlapping area represents the amount of predictability between Fujian Oriental time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Fujian Oriental Silver price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Fujian Oriental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Fujian Oriental Silver lagged returns against current returns
Autocorrelation, which is Fujian Oriental 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 Fujian Oriental's stock expected returns. We can calculate the autocorrelation of Fujian Oriental returns to help us make a trade decision. For example, suppose you find that Fujian Oriental 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 |
Fujian Oriental 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 Fujian Oriental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fujian Oriental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fujian Oriental stock over time.
Current vs Lagged Prices |
| Timeline |
Fujian Oriental Lagged Returns
When evaluating Fujian Oriental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fujian Oriental stock have on its future price. Fujian Oriental 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, Fujian Oriental autocorrelation shows the relationship between Fujian Oriental stock current value and its past values and can show if there is a momentum factor associated with investing in Fujian Oriental Silver.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Fujian Stock
Fujian Oriental financial ratios help investors to determine whether Fujian 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 Fujian with respect to the benefits of owning Fujian Oriental security.