Fujian Newland (China) Market Value
| 000997 Stock | 20.05 0.56 2.72% |
| Symbol | Fujian |
Fujian Newland '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 Fujian Newland'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 Fujian Newland.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Fujian Newland on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Fujian Newland Computer or generate 0.0% return on investment in Fujian Newland over 30 days. Fujian Newland is related to or competes with Ming Yang, Loctek Ergonomic, Xiamen East, Hi Trend, Changchun Faway, Hunan Nanling, and Shandong Ruifeng. Fujian Newland is entity of China. It is traded as Stock on SHE exchange. More
Fujian Newland 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 Fujian Newland'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 Fujian Newland Computer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.1867 | |||
| Maximum Drawdown | 17.13 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 7.67 |
Fujian Newland Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fujian Newland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fujian Newland's standard deviation. In reality, there are many statistical measures that can use Fujian Newland historical prices to predict the future Fujian Newland's volatility.| Risk Adjusted Performance | 0.1725 | |||
| Jensen Alpha | 0.7853 | |||
| Total Risk Alpha | 0.3122 | |||
| Sortino Ratio | 0.2169 | |||
| Treynor Ratio | 4.11 |
Fujian Newland Computer Backtested Returns
Fujian Newland appears to be not too volatile, given 3 months investment horizon. Fujian Newland Computer secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of risk over the last 3 months. By reviewing Fujian Newland's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please utilize Fujian Newland's Coefficient Of Variation of 463.56, mean deviation of 3.02, and Downside Deviation of 3.25 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fujian Newland holds a performance score of 18. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Fujian Newland's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fujian Newland is expected to be smaller as well. Please check Fujian Newland's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Fujian Newland's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Fujian Newland Computer has no correlation between past and present. Overlapping area represents the amount of predictability between Fujian Newland 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 Fujian Newland Computer price movement. The serial correlation of 0.0 indicates that just 0.0% of current Fujian Newland price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Fujian Newland Computer lagged returns against current returns
Autocorrelation, which is Fujian Newland 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 Fujian Newland's stock expected returns. We can calculate the autocorrelation of Fujian Newland returns to help us make a trade decision. For example, suppose you find that Fujian Newland 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 |
Fujian Newland 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 Fujian Newland stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fujian Newland stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fujian Newland stock over time.
Current vs Lagged Prices |
| Timeline |
Fujian Newland Lagged Returns
When evaluating Fujian Newland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fujian Newland stock have on its future price. Fujian Newland 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, Fujian Newland autocorrelation shows the relationship between Fujian Newland stock current value and its past values and can show if there is a momentum factor associated with investing in Fujian Newland Computer.
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 Fujian Stock
Fujian Newland financial ratios help investors to determine whether Fujian 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 Fujian with respect to the benefits of owning Fujian Newland security.