RoadMain T (China) Market Value
| 603860 Stock | 31.65 0.58 1.87% |
| Symbol | RoadMain |
RoadMain T '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 RoadMain T'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 RoadMain T.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in RoadMain T on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding RoadMain T Co or generate 0.0% return on investment in RoadMain T over 30 days. RoadMain T is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. RoadMain T is entity of China. It is traded as Stock on SHG exchange. More
RoadMain T 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 RoadMain T'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 RoadMain T Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.19 | |||
| Information Ratio | 0.0713 | |||
| Maximum Drawdown | 17.46 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 7.37 |
RoadMain T Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RoadMain T's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RoadMain T's standard deviation. In reality, there are many statistical measures that can use RoadMain T historical prices to predict the future RoadMain T's volatility.| Risk Adjusted Performance | 0.0912 | |||
| Jensen Alpha | 0.3869 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0744 | |||
| Treynor Ratio | (1.18) |
RoadMain T Backtested Returns
RoadMain T appears to be not too volatile, given 3 months investment horizon. RoadMain T maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing RoadMain T's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please evaluate RoadMain T's Coefficient Of Variation of 917.23, semi deviation of 2.87, and Risk Adjusted Performance of 0.0912 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RoadMain T holds a performance score of 11. The company holds a Beta of -0.3, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning RoadMain T are expected to decrease at a much lower rate. During the bear market, RoadMain T is likely to outperform the market. Please check RoadMain T'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 RoadMain T's historical price patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
RoadMain T Co has modest reverse predictability. Overlapping area represents the amount of predictability between RoadMain T time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 RoadMain T price movement. The serial correlation of -0.43 indicates that just about 43.0% of current RoadMain T price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
RoadMain T lagged returns against current returns
Autocorrelation, which is RoadMain T 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 RoadMain T's stock expected returns. We can calculate the autocorrelation of RoadMain T returns to help us make a trade decision. For example, suppose you find that RoadMain T 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 |
RoadMain T 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 RoadMain T stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RoadMain T stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RoadMain T stock over time.
Current vs Lagged Prices |
| Timeline |
RoadMain T Lagged Returns
When evaluating RoadMain T's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RoadMain T stock have on its future price. RoadMain T 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, RoadMain T autocorrelation shows the relationship between RoadMain T stock current value and its past values and can show if there is a momentum factor associated with investing in RoadMain T Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in RoadMain Stock
RoadMain T financial ratios help investors to determine whether RoadMain 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 RoadMain with respect to the benefits of owning RoadMain T security.