Maoming Petro (China) Market Value
| 000637 Stock | 3.98 0.03 0.76% |
| Symbol | Maoming |
Maoming Petro '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 Maoming Petro'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 Maoming Petro.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Maoming Petro on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Maoming Petro Chemical Shihua or generate 0.0% return on investment in Maoming Petro over 690 days. Maoming Petro is related to or competes with Fiberhome Telecommunicatio, Chengdu Xingrong, Nuode Investment, Guangdong Shenglu, Jointo Energy, and Eastern Communications. Maoming Petro is entity of China. It is traded as Stock on SHE exchange. More
Maoming Petro 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 Maoming Petro'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 Maoming Petro Chemical Shihua upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.0984 | |||
| Maximum Drawdown | 15.54 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 4.18 |
Maoming Petro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maoming Petro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maoming Petro's standard deviation. In reality, there are many statistical measures that can use Maoming Petro historical prices to predict the future Maoming Petro's volatility.| Risk Adjusted Performance | 0.1199 | |||
| Jensen Alpha | 0.4151 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1004 | |||
| Treynor Ratio | (0.89) |
Maoming Petro Chemical Backtested Returns
Maoming Petro appears to be relatively risky, given 3 months investment horizon. Maoming Petro Chemical has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Maoming Petro, which you can use to evaluate the volatility of the firm. Please exercise Maoming Petro's Risk Adjusted Performance of 0.1199, downside deviation of 2.51, and Mean Deviation of 1.75 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Maoming Petro holds a performance score of 12. The company secures a Beta (Market Risk) of -0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Maoming Petro are expected to decrease at a much lower rate. During the bear market, Maoming Petro is likely to outperform the market. Please check Maoming Petro's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Maoming Petro's current price movements will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Maoming Petro Chemical Shihua has poor reverse predictability. Overlapping area represents the amount of predictability between Maoming Petro time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Maoming Petro Chemical price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Maoming Petro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Maoming Petro Chemical lagged returns against current returns
Autocorrelation, which is Maoming Petro 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 Maoming Petro's stock expected returns. We can calculate the autocorrelation of Maoming Petro returns to help us make a trade decision. For example, suppose you find that Maoming Petro 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 |
Maoming Petro 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 Maoming Petro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maoming Petro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maoming Petro stock over time.
Current vs Lagged Prices |
| Timeline |
Maoming Petro Lagged Returns
When evaluating Maoming Petro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maoming Petro stock have on its future price. Maoming Petro 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, Maoming Petro autocorrelation shows the relationship between Maoming Petro stock current value and its past values and can show if there is a momentum factor associated with investing in Maoming Petro Chemical Shihua.
Regressed Prices |
| Timeline |
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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 Maoming Stock
Maoming Petro financial ratios help investors to determine whether Maoming 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 Maoming with respect to the benefits of owning Maoming Petro security.