Hangzhou Huawang (China) Market Value
| 605377 Stock | 13.36 0.25 1.84% |
| Symbol | Hangzhou |
Hangzhou Huawang '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 Hangzhou Huawang'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 Hangzhou Huawang.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Hangzhou Huawang on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hangzhou Huawang New or generate 0.0% return on investment in Hangzhou Huawang over 30 days. Hangzhou Huawang is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Hangzhou Huawang is entity of China. It is traded as Stock on SHG exchange. More
Hangzhou Huawang 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 Hangzhou Huawang'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 Hangzhou Huawang New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.1102 | |||
| Maximum Drawdown | 16.81 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 5.5 |
Hangzhou Huawang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Huawang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Huawang's standard deviation. In reality, there are many statistical measures that can use Hangzhou Huawang historical prices to predict the future Hangzhou Huawang's volatility.| Risk Adjusted Performance | 0.104 | |||
| Jensen Alpha | 0.3288 | |||
| Total Risk Alpha | 0.2459 | |||
| Sortino Ratio | 0.1068 | |||
| Treynor Ratio | (3.26) |
Hangzhou Huawang New Backtested Returns
Hangzhou Huawang appears to be not too volatile, given 3 months investment horizon. Hangzhou Huawang New holds Efficiency (Sharpe) Ratio of 0.0885, which attests that the entity had a 0.0885% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hangzhou Huawang New, which you can use to evaluate the volatility of the firm. Please utilize Hangzhou Huawang's Market Risk Adjusted Performance of (3.25), risk adjusted performance of 0.104, and Downside Deviation of 2.84 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hangzhou Huawang holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hangzhou Huawang are expected to decrease at a much lower rate. During the bear market, Hangzhou Huawang is likely to outperform the market. Please check Hangzhou Huawang's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hangzhou Huawang's current trending patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Hangzhou Huawang New has below average predictability. Overlapping area represents the amount of predictability between Hangzhou Huawang time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Hangzhou Huawang New price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Hangzhou Huawang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Hangzhou Huawang New lagged returns against current returns
Autocorrelation, which is Hangzhou Huawang 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 Hangzhou Huawang's stock expected returns. We can calculate the autocorrelation of Hangzhou Huawang returns to help us make a trade decision. For example, suppose you find that Hangzhou Huawang 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 |
Hangzhou Huawang 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 Hangzhou Huawang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Huawang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Huawang stock over time.
Current vs Lagged Prices |
| Timeline |
Hangzhou Huawang Lagged Returns
When evaluating Hangzhou Huawang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Huawang stock have on its future price. Hangzhou Huawang 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, Hangzhou Huawang autocorrelation shows the relationship between Hangzhou Huawang stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Huawang New.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hangzhou Stock
Hangzhou Huawang financial ratios help investors to determine whether Hangzhou 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 Hangzhou with respect to the benefits of owning Hangzhou Huawang security.