PKU HealthCare (China) Market Value
| 000788 Stock | 6.11 0.34 5.27% |
| Symbol | PKU |
PKU HealthCare '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 PKU HealthCare'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 PKU HealthCare.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in PKU HealthCare on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding PKU HealthCare Corp or generate 0.0% return on investment in PKU HealthCare over 30 days. PKU HealthCare is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. PKU HealthCare is entity of China. It is traded as Stock on SHE exchange. More
PKU HealthCare 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 PKU HealthCare'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 PKU HealthCare Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.82 | |||
| Information Ratio | 0.0133 | |||
| Maximum Drawdown | 16.24 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 3.6 |
PKU HealthCare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PKU HealthCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PKU HealthCare's standard deviation. In reality, there are many statistical measures that can use PKU HealthCare historical prices to predict the future PKU HealthCare's volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | 0.1995 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0121 | |||
| Treynor Ratio | (0.42) |
PKU HealthCare Corp Backtested Returns
PKU HealthCare appears to be slightly risky, given 3 months investment horizon. PKU HealthCare Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for PKU HealthCare Corp, which you can use to evaluate the volatility of the company. Please evaluate PKU HealthCare's Risk Adjusted Performance of 0.0562, market risk adjusted performance of (0.41), and Semi Deviation of 2.68 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PKU HealthCare holds a performance score of 8. The company holds a Beta of -0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PKU HealthCare are expected to decrease at a much lower rate. During the bear market, PKU HealthCare is likely to outperform the market. Please check PKU HealthCare's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether PKU HealthCare's historical price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
PKU HealthCare Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between PKU HealthCare time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 PKU HealthCare Corp price movement. The serial correlation of -0.06 indicates that barely 6.0% of current PKU HealthCare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
PKU HealthCare Corp lagged returns against current returns
Autocorrelation, which is PKU HealthCare 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 PKU HealthCare's stock expected returns. We can calculate the autocorrelation of PKU HealthCare returns to help us make a trade decision. For example, suppose you find that PKU HealthCare 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 |
PKU HealthCare 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 PKU HealthCare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PKU HealthCare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PKU HealthCare stock over time.
Current vs Lagged Prices |
| Timeline |
PKU HealthCare Lagged Returns
When evaluating PKU HealthCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PKU HealthCare stock have on its future price. PKU HealthCare 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, PKU HealthCare autocorrelation shows the relationship between PKU HealthCare stock current value and its past values and can show if there is a momentum factor associated with investing in PKU HealthCare Corp.
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 PKU Stock
PKU HealthCare financial ratios help investors to determine whether PKU 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 PKU with respect to the benefits of owning PKU HealthCare security.