Zhengping RoadBridge (China) Market Value
| 603843 Stock | 3.87 0.12 3.20% |
| Symbol | Zhengping |
Zhengping RoadBridge '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 Zhengping RoadBridge'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 Zhengping RoadBridge.
| 09/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Zhengping RoadBridge on September 13, 2024 and sell it all today you would earn a total of 0.00 from holding Zhengping RoadBridge Constr or generate 0.0% return on investment in Zhengping RoadBridge over 90 days. Zhengping RoadBridge is related to or competes with Long Yuan, Hongrun Construction, Ningxia Younglight, Easyhome New, Sinomach General, Jinhui Liquor, and Shantui Construction. Zhengping RoadBridge is entity of China. It is traded as Stock on SHG exchange. More
Zhengping RoadBridge 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 Zhengping RoadBridge'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 Zhengping RoadBridge Constr upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | 0.1558 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 10.0 |
Zhengping RoadBridge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhengping RoadBridge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhengping RoadBridge's standard deviation. In reality, there are many statistical measures that can use Zhengping RoadBridge historical prices to predict the future Zhengping RoadBridge's volatility.| Risk Adjusted Performance | 0.1429 | |||
| Jensen Alpha | 0.7433 | |||
| Total Risk Alpha | 0.1038 | |||
| Sortino Ratio | 0.1817 | |||
| Treynor Ratio | 24.73 |
Zhengping RoadBridge Backtested Returns
Zhengping RoadBridge appears to be unstable, given 3 months investment horizon. Zhengping RoadBridge shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. By examining Zhengping RoadBridge's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please utilize Zhengping RoadBridge's Downside Deviation of 3.48, market risk adjusted performance of 24.74, and Mean Deviation of 3.08 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhengping RoadBridge holds a performance score of 16. The firm maintains a market beta of 0.0302, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhengping RoadBridge's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhengping RoadBridge is expected to be smaller as well. Please check Zhengping RoadBridge's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Zhengping RoadBridge's historical returns will revert.
Auto-correlation | 0.25 |
Poor predictability
Zhengping RoadBridge Constr has poor predictability. Overlapping area represents the amount of predictability between Zhengping RoadBridge time series from 13th of September 2024 to 28th of October 2024 and 28th of October 2024 to 12th 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 Zhengping RoadBridge price movement. The serial correlation of 0.25 indicates that over 25.0% of current Zhengping RoadBridge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Zhengping RoadBridge lagged returns against current returns
Autocorrelation, which is Zhengping RoadBridge 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 Zhengping RoadBridge's stock expected returns. We can calculate the autocorrelation of Zhengping RoadBridge returns to help us make a trade decision. For example, suppose you find that Zhengping RoadBridge 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 |
Zhengping RoadBridge 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 Zhengping RoadBridge stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhengping RoadBridge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhengping RoadBridge stock over time.
Current vs Lagged Prices |
| Timeline |
Zhengping RoadBridge Lagged Returns
When evaluating Zhengping RoadBridge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhengping RoadBridge stock have on its future price. Zhengping RoadBridge 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, Zhengping RoadBridge autocorrelation shows the relationship between Zhengping RoadBridge stock current value and its past values and can show if there is a momentum factor associated with investing in Zhengping RoadBridge Constr.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhengping Stock
Zhengping RoadBridge financial ratios help investors to determine whether Zhengping 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 Zhengping with respect to the benefits of owning Zhengping RoadBridge security.