UE Furniture (China) Market Value
| 603600 Stock | 12.35 0.03 0.24% |
| Symbol | 603600 |
UE Furniture '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 UE Furniture'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 UE Furniture.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in UE Furniture on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding UE Furniture Co or generate 0.0% return on investment in UE Furniture over 30 days. UE Furniture is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. UE Furniture is entity of China. It is traded as Stock on SHG exchange. More
UE Furniture 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 UE Furniture'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 UE Furniture Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.1394 | |||
| Maximum Drawdown | 11.73 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 4.78 |
UE Furniture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for UE Furniture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as UE Furniture's standard deviation. In reality, there are many statistical measures that can use UE Furniture historical prices to predict the future UE Furniture's volatility.| Risk Adjusted Performance | 0.1379 | |||
| Jensen Alpha | 0.4517 | |||
| Total Risk Alpha | 0.1271 | |||
| Sortino Ratio | 0.1636 | |||
| Treynor Ratio | (1.79) |
UE Furniture Backtested Returns
UE Furniture appears to be not too volatile, given 3 months investment horizon. UE Furniture retains Efficiency (Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for UE Furniture, which you can use to evaluate the volatility of the company. Please review UE Furniture's Downside Deviation of 2.08, risk adjusted performance of 0.1379, and Mean Deviation of 1.82 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, UE Furniture holds a performance score of 14. The entity owns a Beta (Systematic Risk) of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning UE Furniture are expected to decrease at a much lower rate. During the bear market, UE Furniture is likely to outperform the market. Please check UE Furniture's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether UE Furniture's current price history will revert.
Auto-correlation | 0.53 |
Modest predictability
UE Furniture Co has modest predictability. Overlapping area represents the amount of predictability between UE Furniture time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 UE Furniture price movement. The serial correlation of 0.53 indicates that about 53.0% of current UE Furniture price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
UE Furniture lagged returns against current returns
Autocorrelation, which is UE Furniture 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 UE Furniture's stock expected returns. We can calculate the autocorrelation of UE Furniture returns to help us make a trade decision. For example, suppose you find that UE Furniture 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 |
UE Furniture 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 UE Furniture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if UE Furniture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in UE Furniture stock over time.
Current vs Lagged Prices |
| Timeline |
UE Furniture Lagged Returns
When evaluating UE Furniture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of UE Furniture stock have on its future price. UE Furniture 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, UE Furniture autocorrelation shows the relationship between UE Furniture stock current value and its past values and can show if there is a momentum factor associated with investing in UE Furniture Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 603600 Stock
UE Furniture financial ratios help investors to determine whether 603600 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 603600 with respect to the benefits of owning UE Furniture security.