Harbin Hatou (China) Market Value
| 600864 Stock | 6.72 0.14 2.13% |
| Symbol | Harbin |
Harbin Hatou '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 Harbin Hatou'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 Harbin Hatou.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Harbin Hatou on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Harbin Hatou Investment or generate 0.0% return on investment in Harbin Hatou over 30 days. Harbin Hatou is related to or competes with Fujian Boss, Jiangxi Naipu, Ye Chiu, Minmetals Capital, and Servyou Software. Harbin Hatou is entity of China. It is traded as Stock on SHG exchange. More
Harbin Hatou 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 Harbin Hatou'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 Harbin Hatou Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.1214 | |||
| Maximum Drawdown | 20.02 | |||
| Value At Risk | (4.99) | |||
| Potential Upside | 6.91 |
Harbin Hatou Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harbin Hatou's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harbin Hatou's standard deviation. In reality, there are many statistical measures that can use Harbin Hatou historical prices to predict the future Harbin Hatou's volatility.| Risk Adjusted Performance | 0.1296 | |||
| Jensen Alpha | 0.6107 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.133 | |||
| Treynor Ratio | (1.71) |
Harbin Hatou Investment Backtested Returns
Harbin Hatou appears to be moderately volatile, given 3 months investment horizon. Harbin Hatou Investment holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. By evaluating Harbin Hatou's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please utilize Harbin Hatou's Risk Adjusted Performance of 0.1296, market risk adjusted performance of (1.70), and Downside Deviation of 3.31 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Harbin Hatou holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Harbin Hatou are expected to decrease at a much lower rate. During the bear market, Harbin Hatou is likely to outperform the market. Please check Harbin Hatou's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Harbin Hatou's current trending patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Harbin Hatou Investment has poor reverse predictability. Overlapping area represents the amount of predictability between Harbin Hatou time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Harbin Hatou Investment price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Harbin Hatou price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Harbin Hatou Investment lagged returns against current returns
Autocorrelation, which is Harbin Hatou 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 Harbin Hatou's stock expected returns. We can calculate the autocorrelation of Harbin Hatou returns to help us make a trade decision. For example, suppose you find that Harbin Hatou 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 |
Harbin Hatou 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 Harbin Hatou stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harbin Hatou stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harbin Hatou stock over time.
Current vs Lagged Prices |
| Timeline |
Harbin Hatou Lagged Returns
When evaluating Harbin Hatou's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harbin Hatou stock have on its future price. Harbin Hatou 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, Harbin Hatou autocorrelation shows the relationship between Harbin Hatou stock current value and its past values and can show if there is a momentum factor associated with investing in Harbin Hatou Investment.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Harbin Stock
Harbin Hatou financial ratios help investors to determine whether Harbin 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 Harbin with respect to the benefits of owning Harbin Hatou security.