Wangneng Environment (China) Market Value
| 002034 Stock | 15.66 0.25 1.62% |
| Symbol | Wangneng |
Wangneng Environment '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 Wangneng Environment'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 Wangneng Environment.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Wangneng Environment on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Wangneng Environment Co or generate 0.0% return on investment in Wangneng Environment over 540 days. Wangneng Environment is related to or competes with China State, China Merchants, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Wangneng Environment is entity of China. It is traded as Stock on SHE exchange. More
Wangneng Environment 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 Wangneng Environment'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 Wangneng Environment Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.062 | |||
| Maximum Drawdown | 15.02 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.94 |
Wangneng Environment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wangneng Environment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wangneng Environment's standard deviation. In reality, there are many statistical measures that can use Wangneng Environment historical prices to predict the future Wangneng Environment's volatility.| Risk Adjusted Performance | 0.1003 | |||
| Jensen Alpha | 0.2516 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0639 | |||
| Treynor Ratio | (3.52) |
Wangneng Environment Backtested Returns
Wangneng Environment appears to be not too volatile, given 3 months investment horizon. Wangneng Environment shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wangneng Environment, which you can use to evaluate the volatility of the company. Please utilize Wangneng Environment's Market Risk Adjusted Performance of (3.51), downside deviation of 2.01, and Mean Deviation of 1.4 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wangneng Environment holds a performance score of 9. The firm maintains a market beta of -0.0692, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wangneng Environment are expected to decrease at a much lower rate. During the bear market, Wangneng Environment is likely to outperform the market. Please check Wangneng Environment's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Wangneng Environment's historical returns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Wangneng Environment Co has poor reverse predictability. Overlapping area represents the amount of predictability between Wangneng Environment time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Wangneng Environment price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Wangneng Environment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Wangneng Environment lagged returns against current returns
Autocorrelation, which is Wangneng Environment 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 Wangneng Environment's stock expected returns. We can calculate the autocorrelation of Wangneng Environment returns to help us make a trade decision. For example, suppose you find that Wangneng Environment 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 |
Wangneng Environment 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 Wangneng Environment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wangneng Environment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wangneng Environment stock over time.
Current vs Lagged Prices |
| Timeline |
Wangneng Environment Lagged Returns
When evaluating Wangneng Environment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wangneng Environment stock have on its future price. Wangneng Environment 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, Wangneng Environment autocorrelation shows the relationship between Wangneng Environment stock current value and its past values and can show if there is a momentum factor associated with investing in Wangneng Environment 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 Wangneng Stock
Wangneng Environment financial ratios help investors to determine whether Wangneng 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 Wangneng with respect to the benefits of owning Wangneng Environment security.