Zhongrun Resources (China) Market Value
| 000506 Stock | 3.25 0.17 4.97% |
| Symbol | Zhongrun |
Zhongrun Resources '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 Zhongrun Resources' 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 Zhongrun Resources.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Zhongrun Resources on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Zhongrun Resources Investment or generate 0.0% return on investment in Zhongrun Resources over 360 days. Zhongrun Resources is related to or competes with Industrial, China Construction, Bank of China, Agricultural Bank, PetroChina, China Mobile, and Ping An. Zhongrun Resources is entity of China. It is traded as Stock on SHE exchange. More
Zhongrun Resources 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 Zhongrun Resources' 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 Zhongrun Resources Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.46 | |||
| Information Ratio | 0.301 | |||
| Maximum Drawdown | 10.57 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 5.19 |
Zhongrun Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongrun Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongrun Resources' standard deviation. In reality, there are many statistical measures that can use Zhongrun Resources historical prices to predict the future Zhongrun Resources' volatility.| Risk Adjusted Performance | 0.2632 | |||
| Jensen Alpha | 1.41 | |||
| Total Risk Alpha | 0.7165 | |||
| Sortino Ratio | 0.2802 | |||
| Treynor Ratio | (4.56) |
Zhongrun Resources Backtested Returns
Zhongrun Resources is very risky given 3 months investment horizon. Zhongrun Resources shows Sharpe Ratio of 0.49, which attests that the company had a 0.49% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.95% are justified by taking the suggested risk. Use Zhongrun Resources Investment Market Risk Adjusted Performance of (4.55), downside deviation of 4.46, and Mean Deviation of 3.75 to evaluate company specific risk that cannot be diversified away. Zhongrun Resources holds a performance score of 38 on a scale of zero to a hundred. The firm maintains a market beta of -0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhongrun Resources are expected to decrease at a much lower rate. During the bear market, Zhongrun Resources is likely to outperform the market. Use Zhongrun Resources Investment standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Zhongrun Resources Investment.
Auto-correlation | -0.34 |
Poor reverse predictability
Zhongrun Resources Investment has poor reverse predictability. Overlapping area represents the amount of predictability between Zhongrun Resources time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Zhongrun Resources price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Zhongrun Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Zhongrun Resources lagged returns against current returns
Autocorrelation, which is Zhongrun Resources 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 Zhongrun Resources' stock expected returns. We can calculate the autocorrelation of Zhongrun Resources returns to help us make a trade decision. For example, suppose you find that Zhongrun Resources 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 |
Zhongrun Resources 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 Zhongrun Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongrun Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongrun Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Zhongrun Resources Lagged Returns
When evaluating Zhongrun Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongrun Resources stock have on its future price. Zhongrun Resources 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, Zhongrun Resources autocorrelation shows the relationship between Zhongrun Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongrun Resources Investment.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Zhongrun Stock
Zhongrun Resources financial ratios help investors to determine whether Zhongrun 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 Zhongrun with respect to the benefits of owning Zhongrun Resources security.