Hubei Huaqiang (China) Market Value
| 688151 Stock | 16.85 0.41 2.49% |
| Symbol | Hubei |
Hubei Huaqiang '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 Hubei Huaqiang'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 Hubei Huaqiang.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Hubei Huaqiang on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Hubei Huaqiang High Tech or generate 0.0% return on investment in Hubei Huaqiang over 720 days. Hubei Huaqiang is related to or competes with Jilin Chemical, Guangzhou Jointas, Ningxia Younglight, SUNSEA Telecommunicatio, North Chemical, Songz Automobile, and HeBei Jinniu. More
Hubei Huaqiang 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 Hubei Huaqiang'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 Hubei Huaqiang High Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.45 | |||
| Information Ratio | 0.1016 | |||
| Maximum Drawdown | 22.0 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 7.96 |
Hubei Huaqiang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hubei Huaqiang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hubei Huaqiang's standard deviation. In reality, there are many statistical measures that can use Hubei Huaqiang historical prices to predict the future Hubei Huaqiang's volatility.| Risk Adjusted Performance | 0.1146 | |||
| Jensen Alpha | 0.4749 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1065 | |||
| Treynor Ratio | 3.19 |
Hubei Huaqiang High Backtested Returns
Hubei Huaqiang appears to be somewhat reliable, given 3 months investment horizon. Hubei Huaqiang High holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By evaluating Hubei Huaqiang's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Hubei Huaqiang's Risk Adjusted Performance of 0.1146, downside deviation of 3.45, and Market Risk Adjusted Performance of 3.2 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hubei Huaqiang holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hubei Huaqiang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hubei Huaqiang is expected to be smaller as well. Please check Hubei Huaqiang'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 Hubei Huaqiang's current trending patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Hubei Huaqiang High Tech has weak reverse predictability. Overlapping area represents the amount of predictability between Hubei Huaqiang time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Hubei Huaqiang High price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Hubei Huaqiang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 4.68 |
Hubei Huaqiang High lagged returns against current returns
Autocorrelation, which is Hubei Huaqiang 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 Hubei Huaqiang's stock expected returns. We can calculate the autocorrelation of Hubei Huaqiang returns to help us make a trade decision. For example, suppose you find that Hubei Huaqiang 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 |
Hubei Huaqiang 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 Hubei Huaqiang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hubei Huaqiang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hubei Huaqiang stock over time.
Current vs Lagged Prices |
| Timeline |
Hubei Huaqiang Lagged Returns
When evaluating Hubei Huaqiang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hubei Huaqiang stock have on its future price. Hubei Huaqiang 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, Hubei Huaqiang autocorrelation shows the relationship between Hubei Huaqiang stock current value and its past values and can show if there is a momentum factor associated with investing in Hubei Huaqiang High Tech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hubei Stock
Hubei Huaqiang financial ratios help investors to determine whether Hubei 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 Hubei with respect to the benefits of owning Hubei Huaqiang security.