Zhengzhou Qianweiyangchu (China) Market Value
| 001215 Stock | 32.38 1.80 5.27% |
| Symbol | Zhengzhou |
Zhengzhou Qianweiyangchu '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 Zhengzhou Qianweiyangchu'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 Zhengzhou Qianweiyangchu.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Zhengzhou Qianweiyangchu on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Zhengzhou Qianweiyangchu Food or generate 0.0% return on investment in Zhengzhou Qianweiyangchu over 30 days. Zhengzhou Qianweiyangchu is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Zhengzhou Qianweiyangchu is entity of China More
Zhengzhou Qianweiyangchu 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 Zhengzhou Qianweiyangchu'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 Zhengzhou Qianweiyangchu Food upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | 0.0668 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (5.27) | |||
| Potential Upside | 9.99 |
Zhengzhou Qianweiyangchu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhengzhou Qianweiyangchu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhengzhou Qianweiyangchu's standard deviation. In reality, there are many statistical measures that can use Zhengzhou Qianweiyangchu historical prices to predict the future Zhengzhou Qianweiyangchu's volatility.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | 0.4411 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0843 | |||
| Treynor Ratio | (1.04) |
Zhengzhou Qianweiyangchu Backtested Returns
Zhengzhou Qianweiyangchu appears to be not too volatile, given 3 months investment horizon. Zhengzhou Qianweiyangchu shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. By examining Zhengzhou Qianweiyangchu's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Zhengzhou Qianweiyangchu's Mean Deviation of 3.03, downside deviation of 3.26, and Market Risk Adjusted Performance of (1.03) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhengzhou Qianweiyangchu holds a performance score of 12. The firm maintains a market beta of -0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhengzhou Qianweiyangchu are expected to decrease at a much lower rate. During the bear market, Zhengzhou Qianweiyangchu is likely to outperform the market. Please check Zhengzhou Qianweiyangchu's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Zhengzhou Qianweiyangchu's historical returns will revert.
Auto-correlation | -0.87 |
Excellent reverse predictability
Zhengzhou Qianweiyangchu Food has excellent reverse predictability. Overlapping area represents the amount of predictability between Zhengzhou Qianweiyangchu 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 Zhengzhou Qianweiyangchu price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Zhengzhou Qianweiyangchu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 4.33 |
Zhengzhou Qianweiyangchu lagged returns against current returns
Autocorrelation, which is Zhengzhou Qianweiyangchu 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 Zhengzhou Qianweiyangchu's stock expected returns. We can calculate the autocorrelation of Zhengzhou Qianweiyangchu returns to help us make a trade decision. For example, suppose you find that Zhengzhou Qianweiyangchu 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 |
Zhengzhou Qianweiyangchu 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 Zhengzhou Qianweiyangchu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhengzhou Qianweiyangchu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhengzhou Qianweiyangchu stock over time.
Current vs Lagged Prices |
| Timeline |
Zhengzhou Qianweiyangchu Lagged Returns
When evaluating Zhengzhou Qianweiyangchu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhengzhou Qianweiyangchu stock have on its future price. Zhengzhou Qianweiyangchu 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, Zhengzhou Qianweiyangchu autocorrelation shows the relationship between Zhengzhou Qianweiyangchu stock current value and its past values and can show if there is a momentum factor associated with investing in Zhengzhou Qianweiyangchu Food.
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 Zhengzhou Stock
Zhengzhou Qianweiyangchu financial ratios help investors to determine whether Zhengzhou 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 Zhengzhou with respect to the benefits of owning Zhengzhou Qianweiyangchu security.