China Longyuan (China) Market Value
| 001289 Stock | 16.98 0.13 0.76% |
| Symbol | China |
China Longyuan '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 China Longyuan'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 China Longyuan.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in China Longyuan on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding China Longyuan Power or generate 0.0% return on investment in China Longyuan over 30 days. China Longyuan is related to or competes with Sinomach General, Zijin Mining, Zhongshan Public, Shenzhen Zhongzhuang, Henzhen Zhaowei, Shandong Mining, and Qijing Machinery. China Longyuan is entity of China. It is traded as Stock on SHE exchange. More
China Longyuan 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 China Longyuan'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 China Longyuan Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.59 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 4.14 |
China Longyuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Longyuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Longyuan's standard deviation. In reality, there are many statistical measures that can use China Longyuan historical prices to predict the future China Longyuan's volatility.| Risk Adjusted Performance | 0.0184 | |||
| Jensen Alpha | 0.1675 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.03) |
China Longyuan Power Backtested Returns
China Longyuan appears to be not too volatile, given 3 months investment horizon. China Longyuan Power secures Sharpe Ratio (or Efficiency) of 0.0827, which signifies that the company had a 0.0827% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Longyuan Power, which you can use to evaluate the volatility of the firm. Please makes use of China Longyuan's Downside Deviation of 2.54, mean deviation of 2.24, and Risk Adjusted Performance of 0.0184 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Longyuan holds a performance score of 6. The firm shows a Beta (market volatility) of -1.13, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning China Longyuan are expected to decrease slowly. On the other hand, during market turmoil, China Longyuan is expected to outperform it slightly. Please check China Longyuan's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether China Longyuan's price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
China Longyuan Power has very good reverse predictability. Overlapping area represents the amount of predictability between China Longyuan time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 China Longyuan Power price movement. The serial correlation of -0.66 indicates that around 66.0% of current China Longyuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
China Longyuan Power lagged returns against current returns
Autocorrelation, which is China Longyuan 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 China Longyuan's stock expected returns. We can calculate the autocorrelation of China Longyuan returns to help us make a trade decision. For example, suppose you find that China Longyuan 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 |
China Longyuan 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 China Longyuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Longyuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Longyuan stock over time.
Current vs Lagged Prices |
| Timeline |
China Longyuan Lagged Returns
When evaluating China Longyuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Longyuan stock have on its future price. China Longyuan 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, China Longyuan autocorrelation shows the relationship between China Longyuan stock current value and its past values and can show if there is a momentum factor associated with investing in China Longyuan Power.
Regressed Prices |
| Timeline |
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China Longyuan financial ratios help investors to determine whether China 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 China with respect to the benefits of owning China Longyuan security.