Orinko Advanced (China) Market Value
| 688219 Stock | 9.36 0.11 1.19% |
| Symbol | Orinko |
Orinko Advanced '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 Orinko Advanced'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 Orinko Advanced.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Orinko Advanced on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Orinko Advanced Plastics or generate 0.0% return on investment in Orinko Advanced over 360 days. Orinko Advanced is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. Orinko Advanced is entity of China. It is traded as Stock on SHG exchange. More
Orinko Advanced 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 Orinko Advanced'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 Orinko Advanced Plastics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 0.1003 | |||
| Maximum Drawdown | 25.7 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 4.03 |
Orinko Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orinko Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orinko Advanced's standard deviation. In reality, there are many statistical measures that can use Orinko Advanced historical prices to predict the future Orinko Advanced's volatility.| Risk Adjusted Performance | 0.115 | |||
| Jensen Alpha | 0.5007 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.1151 | |||
| Treynor Ratio | (2.17) |
Orinko Advanced Plastics Backtested Returns
Orinko Advanced appears to be slightly risky, given 3 months investment horizon. Orinko Advanced Plastics 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 Orinko Advanced's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please evaluate Orinko Advanced's Semi Deviation of 2.54, coefficient of variation of 713.05, and Risk Adjusted Performance of 0.115 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orinko Advanced holds a performance score of 11. The company holds a Beta of -0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Orinko Advanced are expected to decrease at a much lower rate. During the bear market, Orinko Advanced is likely to outperform the market. Please check Orinko Advanced'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 Orinko Advanced's historical price patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Orinko Advanced Plastics has insignificant predictability. Overlapping area represents the amount of predictability between Orinko Advanced time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 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 Orinko Advanced Plastics price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Orinko Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Orinko Advanced Plastics lagged returns against current returns
Autocorrelation, which is Orinko Advanced 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 Orinko Advanced's stock expected returns. We can calculate the autocorrelation of Orinko Advanced returns to help us make a trade decision. For example, suppose you find that Orinko Advanced 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 |
Orinko Advanced 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 Orinko Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orinko Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orinko Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Orinko Advanced Lagged Returns
When evaluating Orinko Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orinko Advanced stock have on its future price. Orinko Advanced 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, Orinko Advanced autocorrelation shows the relationship between Orinko Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Orinko Advanced Plastics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Orinko Stock
Orinko Advanced financial ratios help investors to determine whether Orinko 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 Orinko with respect to the benefits of owning Orinko Advanced security.