Zhejiang Publishing (China) Market Value
| 601921 Stock | 7.91 0.09 1.15% |
| Symbol | Zhejiang |
Zhejiang Publishing '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 Zhejiang Publishing'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 Zhejiang Publishing.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Zhejiang Publishing on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Publishing Media or generate 0.0% return on investment in Zhejiang Publishing over 90 days. Zhejiang Publishing is related to or competes with Jonjee Hi, Kuangda Technology, Eastern Communications, Dhc Software, Niutech Environment, Fujian Newland, and Keli Sensing. Zhejiang Publishing is entity of China. It is traded as Stock on SHG exchange. More
Zhejiang Publishing 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 Zhejiang Publishing'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 Zhejiang Publishing Media upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 16.44 | |||
| Value At Risk | (7.31) | |||
| Potential Upside | 2.92 |
Zhejiang Publishing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Publishing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Publishing's standard deviation. In reality, there are many statistical measures that can use Zhejiang Publishing historical prices to predict the future Zhejiang Publishing's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.86) |
Zhejiang Publishing Media Backtested Returns
At this point, Zhejiang Publishing is somewhat reliable. Zhejiang Publishing Media shows Sharpe Ratio of 0.0514, which attests that the company had a 0.0514% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Zhejiang Publishing Media, which you can use to evaluate the volatility of the company. Please check out Zhejiang Publishing's Market Risk Adjusted Performance of (0.85), standard deviation of 3.13, and Mean Deviation of 2.29 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Zhejiang Publishing has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhejiang Publishing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhejiang Publishing is expected to be smaller as well. Zhejiang Publishing Media right now maintains a risk of 2.56%. Please check out Zhejiang Publishing Media coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Zhejiang Publishing Media will be following its historical returns.
Auto-correlation | 0.03 |
Virtually no predictability
Zhejiang Publishing Media has virtually no predictability. Overlapping area represents the amount of predictability between Zhejiang Publishing time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Zhejiang Publishing Media price movement. The serial correlation of 0.03 indicates that only 3.0% of current Zhejiang Publishing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Zhejiang Publishing Media lagged returns against current returns
Autocorrelation, which is Zhejiang Publishing 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 Zhejiang Publishing's stock expected returns. We can calculate the autocorrelation of Zhejiang Publishing returns to help us make a trade decision. For example, suppose you find that Zhejiang Publishing 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 |
Zhejiang Publishing 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 Zhejiang Publishing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Publishing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Publishing stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Publishing Lagged Returns
When evaluating Zhejiang Publishing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Publishing stock have on its future price. Zhejiang Publishing 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, Zhejiang Publishing autocorrelation shows the relationship between Zhejiang Publishing stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Publishing Media.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhejiang Stock
Zhejiang Publishing financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Publishing security.