Zhangjiagang Freetrade (China) Market Value
| 600794 Stock | 4.11 0.28 7.31% |
| Symbol | Zhangjiagang |
Zhangjiagang Freetrade '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 Zhangjiagang Freetrade'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 Zhangjiagang Freetrade.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Zhangjiagang Freetrade on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Zhangjiagang Freetrade Science or generate 0.0% return on investment in Zhangjiagang Freetrade over 360 days. Zhangjiagang Freetrade is related to or competes with Guangzhou Zhujiang, Guangzhou Shangpin, Xiamen Goldenhome, Jiangsu Yanghe, Guilin Seamild, Fujian Anjoy, and Beijing Sanyuan. Zhangjiagang Freetrade is entity of China More
Zhangjiagang Freetrade 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 Zhangjiagang Freetrade'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 Zhangjiagang Freetrade Science upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.1488 | |||
| Maximum Drawdown | 16.54 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 4.01 |
Zhangjiagang Freetrade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhangjiagang Freetrade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhangjiagang Freetrade's standard deviation. In reality, there are many statistical measures that can use Zhangjiagang Freetrade historical prices to predict the future Zhangjiagang Freetrade's volatility.| Risk Adjusted Performance | 0.1568 | |||
| Jensen Alpha | 0.4443 | |||
| Total Risk Alpha | 0.1122 | |||
| Sortino Ratio | 0.1441 | |||
| Treynor Ratio | 0.9229 |
Zhangjiagang Freetrade Backtested Returns
Zhangjiagang Freetrade appears to be slightly risky, given 3 months investment horizon. Zhangjiagang Freetrade shows Sharpe Ratio of 0.22, which attests that the company had a 0.22% return per unit of risk over the last 3 months. By examining Zhangjiagang Freetrade's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please utilize Zhangjiagang Freetrade's Mean Deviation of 1.73, downside deviation of 2.73, and Market Risk Adjusted Performance of 0.9329 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhangjiagang Freetrade holds a performance score of 16. The firm maintains a market beta of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhangjiagang Freetrade's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhangjiagang Freetrade is expected to be smaller as well. Please check Zhangjiagang Freetrade's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Zhangjiagang Freetrade's historical returns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Zhangjiagang Freetrade Science has insignificant reverse predictability. Overlapping area represents the amount of predictability between Zhangjiagang Freetrade time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Zhangjiagang Freetrade price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Zhangjiagang Freetrade price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Zhangjiagang Freetrade lagged returns against current returns
Autocorrelation, which is Zhangjiagang Freetrade 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 Zhangjiagang Freetrade's stock expected returns. We can calculate the autocorrelation of Zhangjiagang Freetrade returns to help us make a trade decision. For example, suppose you find that Zhangjiagang Freetrade 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 |
Zhangjiagang Freetrade 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 Zhangjiagang Freetrade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhangjiagang Freetrade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhangjiagang Freetrade stock over time.
Current vs Lagged Prices |
| Timeline |
Zhangjiagang Freetrade Lagged Returns
When evaluating Zhangjiagang Freetrade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhangjiagang Freetrade stock have on its future price. Zhangjiagang Freetrade 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, Zhangjiagang Freetrade autocorrelation shows the relationship between Zhangjiagang Freetrade stock current value and its past values and can show if there is a momentum factor associated with investing in Zhangjiagang Freetrade Science.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhangjiagang Stock
Zhangjiagang Freetrade financial ratios help investors to determine whether Zhangjiagang 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 Zhangjiagang with respect to the benefits of owning Zhangjiagang Freetrade security.