Dezhan HealthCare (China) Market Value
| 000813 Stock | 3.52 0.24 7.32% |
| Symbol | Dezhan |
Dezhan 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 Dezhan 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 Dezhan HealthCare.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Dezhan HealthCare on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Dezhan HealthCare Co or generate 0.0% return on investment in Dezhan HealthCare over 30 days. Dezhan HealthCare is related to or competes with CCS Supply, Shanghai CEO, Xinjiang Tianrun, New Hope, Sanbo Hospital, Jiamei Food, and Xiangpiaopiao Food. Dezhan HealthCare is entity of China. It is traded as Stock on SHE exchange. More
Dezhan 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 Dezhan 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 Dezhan HealthCare Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.12 | |||
| Information Ratio | 0.0685 | |||
| Maximum Drawdown | 20.14 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 10.0 |
Dezhan HealthCare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dezhan HealthCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dezhan HealthCare's standard deviation. In reality, there are many statistical measures that can use Dezhan HealthCare historical prices to predict the future Dezhan HealthCare's volatility.| Risk Adjusted Performance | 0.0587 | |||
| Jensen Alpha | 0.3003 | |||
| Total Risk Alpha | 0.293 | |||
| Sortino Ratio | 0.0725 | |||
| Treynor Ratio | (0.72) |
Dezhan HealthCare Backtested Returns
Dezhan HealthCare appears to be risky, given 3 months investment horizon. Dezhan HealthCare secures Sharpe Ratio (or Efficiency) of 0.0999, which denotes the company had a 0.0999 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Dezhan HealthCare Co, which you can use to evaluate the volatility of the firm. Please utilize Dezhan HealthCare's Downside Deviation of 4.12, mean deviation of 3.04, and Coefficient Of Variation of 1407.63 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dezhan HealthCare holds a performance score of 7. The firm shows a Beta (market volatility) of -0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dezhan HealthCare are expected to decrease at a much lower rate. During the bear market, Dezhan HealthCare is likely to outperform the market. Please check Dezhan HealthCare's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Dezhan HealthCare's price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Dezhan HealthCare Co has weak reverse predictability. Overlapping area represents the amount of predictability between Dezhan HealthCare time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 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 Dezhan HealthCare price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Dezhan HealthCare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Dezhan HealthCare lagged returns against current returns
Autocorrelation, which is Dezhan 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 Dezhan HealthCare's stock expected returns. We can calculate the autocorrelation of Dezhan HealthCare returns to help us make a trade decision. For example, suppose you find that Dezhan 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 |
Dezhan 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 Dezhan HealthCare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dezhan HealthCare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dezhan HealthCare stock over time.
Current vs Lagged Prices |
| Timeline |
Dezhan HealthCare Lagged Returns
When evaluating Dezhan HealthCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dezhan HealthCare stock have on its future price. Dezhan 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, Dezhan HealthCare autocorrelation shows the relationship between Dezhan HealthCare stock current value and its past values and can show if there is a momentum factor associated with investing in Dezhan HealthCare 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 Dezhan Stock
Dezhan HealthCare financial ratios help investors to determine whether Dezhan 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 Dezhan with respect to the benefits of owning Dezhan HealthCare security.