Wuhan Xianglong (China) Market Value
| 600769 Stock | 12.28 0.29 2.42% |
| Symbol | Wuhan |
Wuhan Xianglong '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 Wuhan Xianglong'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 Wuhan Xianglong.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Wuhan Xianglong on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Wuhan Xianglong Power or generate 0.0% return on investment in Wuhan Xianglong over 30 days. Wuhan Xianglong is related to or competes with Markor International, Zhuhai Comleader, Oppein Home, Hangzhou Gisway, Suzhou Douson, Xiamen Goldenhome, and Shanghai Shuixing. Wuhan Xianglong is entity of China. It is traded as Stock on SHG exchange. More
Wuhan Xianglong 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 Wuhan Xianglong'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 Wuhan Xianglong Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.72 | |||
| Information Ratio | 0.228 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (6.38) | |||
| Potential Upside | 9.99 |
Wuhan Xianglong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wuhan Xianglong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wuhan Xianglong's standard deviation. In reality, there are many statistical measures that can use Wuhan Xianglong historical prices to predict the future Wuhan Xianglong's volatility.| Risk Adjusted Performance | 0.2044 | |||
| Jensen Alpha | 1.34 | |||
| Total Risk Alpha | 0.4233 | |||
| Sortino Ratio | 0.234 | |||
| Treynor Ratio | (1.42) |
Wuhan Xianglong Power Backtested Returns
Wuhan Xianglong is slightly risky given 3 months investment horizon. Wuhan Xianglong Power shows Sharpe Ratio of 0.26, which attests that the company had a 0.26% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.29% are justified by taking the suggested risk. Use Wuhan Xianglong Power Downside Deviation of 4.72, mean deviation of 3.78, and Market Risk Adjusted Performance of (1.41) to evaluate company specific risk that cannot be diversified away. Wuhan Xianglong holds a performance score of 20 on a scale of zero to a hundred. The firm maintains a market beta of -0.87, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Wuhan Xianglong are expected to decrease slowly. On the other hand, during market turmoil, Wuhan Xianglong is expected to outperform it slightly. Use Wuhan Xianglong Power mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Wuhan Xianglong Power.
Auto-correlation | 0.23 |
Weak predictability
Wuhan Xianglong Power has weak predictability. Overlapping area represents the amount of predictability between Wuhan Xianglong 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 Wuhan Xianglong Power price movement. The serial correlation of 0.23 indicates that over 23.0% of current Wuhan Xianglong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Wuhan Xianglong Power lagged returns against current returns
Autocorrelation, which is Wuhan Xianglong 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 Wuhan Xianglong's stock expected returns. We can calculate the autocorrelation of Wuhan Xianglong returns to help us make a trade decision. For example, suppose you find that Wuhan Xianglong 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 |
Wuhan Xianglong 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 Wuhan Xianglong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wuhan Xianglong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wuhan Xianglong stock over time.
Current vs Lagged Prices |
| Timeline |
Wuhan Xianglong Lagged Returns
When evaluating Wuhan Xianglong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wuhan Xianglong stock have on its future price. Wuhan Xianglong 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, Wuhan Xianglong autocorrelation shows the relationship between Wuhan Xianglong stock current value and its past values and can show if there is a momentum factor associated with investing in Wuhan Xianglong Power.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Wuhan Stock
Wuhan Xianglong financial ratios help investors to determine whether Wuhan 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 Wuhan with respect to the benefits of owning Wuhan Xianglong security.