Rongan Property (China) Market Value
| 000517 Stock | 2.14 0.02 0.94% |
| Symbol | Rongan |
Rongan Property '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 Rongan Property'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 Rongan Property.
| 12/26/2024 |
| 01/25/2025 |
If you would invest 0.00 in Rongan Property on December 26, 2024 and sell it all today you would earn a total of 0.00 from holding Rongan Property Co or generate 0.0% return on investment in Rongan Property over 30 days. Rongan Property is related to or competes with Anhui Jianghuai, Shandong Intco, Guangxi Wuzhou, Haima Automobile, Beijing Bewinner, Winner Medical, and Ping An. Rongan Property is entity of China. It is traded as Stock on SHE exchange. More
Rongan Property 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 Rongan Property'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 Rongan Property Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.41 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 3.7 |
Rongan Property Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rongan Property's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rongan Property's standard deviation. In reality, there are many statistical measures that can use Rongan Property historical prices to predict the future Rongan Property's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 2.0 |
Rongan Property Backtested Returns
Rongan Property maintains Sharpe Ratio (i.e., Efficiency) of -0.0871, which implies the firm had a -0.0871 % return per unit of risk over the last 3 months. Rongan Property exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rongan Property's Coefficient Of Variation of (2,127), variance of 6.69, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -0.0658, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rongan Property are expected to decrease at a much lower rate. During the bear market, Rongan Property is likely to outperform the market. At this point, Rongan Property has a negative expected return of -0.22%. Please make sure to check Rongan Property's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Rongan Property performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Rongan Property Co has good reverse predictability. Overlapping area represents the amount of predictability between Rongan Property time series from 26th of December 2024 to 10th of January 2025 and 10th of January 2025 to 25th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Rongan Property price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Rongan Property price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rongan Property lagged returns against current returns
Autocorrelation, which is Rongan Property 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 Rongan Property's stock expected returns. We can calculate the autocorrelation of Rongan Property returns to help us make a trade decision. For example, suppose you find that Rongan Property 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 |
Rongan Property 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 Rongan Property stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rongan Property stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rongan Property stock over time.
Current vs Lagged Prices |
| Timeline |
Rongan Property Lagged Returns
When evaluating Rongan Property's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rongan Property stock have on its future price. Rongan Property 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, Rongan Property autocorrelation shows the relationship between Rongan Property stock current value and its past values and can show if there is a momentum factor associated with investing in Rongan Property Co.
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 Rongan Stock
Rongan Property financial ratios help investors to determine whether Rongan 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 Rongan with respect to the benefits of owning Rongan Property security.