HanS Laser (China) Market Value
| 002008 Stock | 25.68 0.58 2.31% |
| Symbol | HanS |
HanS Laser '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 HanS Laser'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 HanS Laser.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in HanS Laser on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding HanS Laser Tech or generate 0.0% return on investment in HanS Laser over 180 days. HanS Laser is related to or competes with PetroChina, China State, China Mobile, Industrial, China Life, Ping An, and China Construction. HanS Laser is entity of China. It is traded as Stock on SHE exchange. More
HanS Laser 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 HanS Laser'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 HanS Laser Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.0784 | |||
| Maximum Drawdown | 16.03 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 6.16 |
HanS Laser Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HanS Laser's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HanS Laser's standard deviation. In reality, there are many statistical measures that can use HanS Laser historical prices to predict the future HanS Laser's volatility.| Risk Adjusted Performance | 0.098 | |||
| Jensen Alpha | 0.3693 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0991 | |||
| Treynor Ratio | 5.43 |
HanS Laser Tech Backtested Returns
HanS Laser appears to be not too volatile, given 3 months investment horizon. HanS Laser Tech holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating HanS Laser's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize HanS Laser's Downside Deviation of 2.6, risk adjusted performance of 0.098, and Market Risk Adjusted Performance of 5.44 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HanS Laser holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.0695, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HanS Laser's returns are expected to increase less than the market. However, during the bear market, the loss of holding HanS Laser is expected to be smaller as well. Please check HanS Laser's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether HanS Laser's current trending patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
HanS Laser Tech has insignificant predictability. Overlapping area represents the amount of predictability between HanS Laser time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 HanS Laser Tech price movement. The serial correlation of 0.14 indicates that less than 14.0% of current HanS Laser price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 11.83 |
HanS Laser Tech lagged returns against current returns
Autocorrelation, which is HanS Laser 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 HanS Laser's stock expected returns. We can calculate the autocorrelation of HanS Laser returns to help us make a trade decision. For example, suppose you find that HanS Laser 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 |
HanS Laser 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 HanS Laser stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HanS Laser stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HanS Laser stock over time.
Current vs Lagged Prices |
| Timeline |
HanS Laser Lagged Returns
When evaluating HanS Laser's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HanS Laser stock have on its future price. HanS Laser 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, HanS Laser autocorrelation shows the relationship between HanS Laser stock current value and its past values and can show if there is a momentum factor associated with investing in HanS Laser Tech.
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 HanS Stock
HanS Laser financial ratios help investors to determine whether HanS 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 HanS with respect to the benefits of owning HanS Laser security.