Hongrun Construction (China) Market Value
| 002062 Stock | 4.36 0.04 0.91% |
| Symbol | Hongrun |
Hongrun Construction '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 Hongrun Construction'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 Hongrun Construction.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hongrun Construction on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hongrun Construction Group or generate 0.0% return on investment in Hongrun Construction over 30 days. Hongrun Construction is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. Hongrun Construction is entity of China. It is traded as Stock on SHE exchange. More
Hongrun Construction 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 Hongrun Construction'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 Hongrun Construction Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.0853 | |||
| Maximum Drawdown | 15.95 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 4.27 |
Hongrun Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hongrun Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hongrun Construction's standard deviation. In reality, there are many statistical measures that can use Hongrun Construction historical prices to predict the future Hongrun Construction's volatility.| Risk Adjusted Performance | 0.1084 | |||
| Jensen Alpha | 0.387 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0967 | |||
| Treynor Ratio | (1.19) |
Hongrun Construction Backtested Returns
Hongrun Construction appears to be moderately volatile, given 3 months investment horizon. Hongrun Construction 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 Hongrun Construction's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Hongrun Construction's Downside Deviation of 2.41, risk adjusted performance of 0.1084, and Market Risk Adjusted Performance of (1.18) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hongrun Construction holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hongrun Construction are expected to decrease at a much lower rate. During the bear market, Hongrun Construction is likely to outperform the market. Please check Hongrun Construction'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 Hongrun Construction's current trending patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Hongrun Construction Group has very good reverse predictability. Overlapping area represents the amount of predictability between Hongrun Construction 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 Hongrun Construction price movement. The serial correlation of -0.68 indicates that around 68.0% of current Hongrun Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hongrun Construction lagged returns against current returns
Autocorrelation, which is Hongrun Construction 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 Hongrun Construction's stock expected returns. We can calculate the autocorrelation of Hongrun Construction returns to help us make a trade decision. For example, suppose you find that Hongrun Construction 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 |
Hongrun Construction 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 Hongrun Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hongrun Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hongrun Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Hongrun Construction Lagged Returns
When evaluating Hongrun Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hongrun Construction stock have on its future price. Hongrun Construction 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, Hongrun Construction autocorrelation shows the relationship between Hongrun Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Hongrun Construction Group.
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 Hongrun Stock
Hongrun Construction financial ratios help investors to determine whether Hongrun 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 Hongrun with respect to the benefits of owning Hongrun Construction security.