Easyhome New (China) Market Value
| 000785 Stock | 2.91 0.07 2.35% |
| Symbol | Easyhome |
Easyhome New '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 Easyhome New'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 Easyhome New.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Easyhome New on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Easyhome New Retail or generate 0.0% return on investment in Easyhome New over 720 days. Easyhome New is related to or competes with Caihong Display, Shaanxi Construction, Jiangsu Jinling, Huitong Construction, China Sports, Allied Machinery, and Weichai Heavy. Easyhome New is entity of China. It is traded as Stock on SHE exchange. More
Easyhome New 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 Easyhome New'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 Easyhome New Retail upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.0586 | |||
| Maximum Drawdown | 16.47 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 4.93 |
Easyhome New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Easyhome New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Easyhome New's standard deviation. In reality, there are many statistical measures that can use Easyhome New historical prices to predict the future Easyhome New's volatility.| Risk Adjusted Performance | 0.087 | |||
| Jensen Alpha | 0.3524 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0578 | |||
| Treynor Ratio | (0.49) |
Easyhome New Retail Backtested Returns
Easyhome New appears to be risky, given 3 months investment horizon. Easyhome New Retail secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Easyhome New Retail, which you can use to evaluate the volatility of the firm. Please utilize Easyhome New's Downside Deviation of 2.85, coefficient of variation of 958.42, and Mean Deviation of 2.14 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Easyhome New holds a performance score of 8. The firm shows a Beta (market volatility) of -0.58, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Easyhome New are expected to decrease at a much lower rate. During the bear market, Easyhome New is likely to outperform the market. Please check Easyhome New's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Easyhome New's price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Easyhome New Retail has very weak reverse predictability. Overlapping area represents the amount of predictability between Easyhome New time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Easyhome New Retail price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Easyhome New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Easyhome New Retail lagged returns against current returns
Autocorrelation, which is Easyhome New 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 Easyhome New's stock expected returns. We can calculate the autocorrelation of Easyhome New returns to help us make a trade decision. For example, suppose you find that Easyhome New 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 |
Easyhome New 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 Easyhome New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Easyhome New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Easyhome New stock over time.
Current vs Lagged Prices |
| Timeline |
Easyhome New Lagged Returns
When evaluating Easyhome New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Easyhome New stock have on its future price. Easyhome New 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, Easyhome New autocorrelation shows the relationship between Easyhome New stock current value and its past values and can show if there is a momentum factor associated with investing in Easyhome New Retail.
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 Easyhome Stock
Easyhome New financial ratios help investors to determine whether Easyhome 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 Easyhome with respect to the benefits of owning Easyhome New security.