Sunwave Communications (China) Market Value
| 002115 Stock | 6.25 0.07 1.13% |
| Symbol | Sunwave |
Sunwave Communications '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 Sunwave Communications' 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 Sunwave Communications.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Sunwave Communications on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Sunwave Communications Co or generate 0.0% return on investment in Sunwave Communications over 30 days. Sunwave Communications is related to or competes with BeiGene, Kweichow Moutai, Beijing Roborock, G Bits, China Mobile, Jiangsu Bioperfectus, and Changchun High. Sunwave Communications is entity of China More
Sunwave Communications 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 Sunwave Communications' 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 Sunwave Communications Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.77 | |||
| Information Ratio | 0.1579 | |||
| Maximum Drawdown | 19.22 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 5.33 |
Sunwave Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunwave Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunwave Communications' standard deviation. In reality, there are many statistical measures that can use Sunwave Communications historical prices to predict the future Sunwave Communications' volatility.| Risk Adjusted Performance | 0.1481 | |||
| Jensen Alpha | 0.597 | |||
| Total Risk Alpha | 0.2345 | |||
| Sortino Ratio | 0.1403 | |||
| Treynor Ratio | 3.01 |
Sunwave Communications Backtested Returns
Sunwave Communications appears to be slightly risky, given 3 months investment horizon. Sunwave Communications owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. By inspecting Sunwave Communications' technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please review Sunwave Communications' Risk Adjusted Performance of 0.1481, semi deviation of 3.08, and Coefficient Of Variation of 536.65 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sunwave Communications holds a performance score of 17. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sunwave Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunwave Communications is expected to be smaller as well. Please check Sunwave Communications' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Sunwave Communications' existing price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Sunwave Communications Co has average predictability. Overlapping area represents the amount of predictability between Sunwave Communications time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Sunwave Communications price movement. The serial correlation of 0.49 indicates that about 49.0% of current Sunwave Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Sunwave Communications lagged returns against current returns
Autocorrelation, which is Sunwave Communications 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 Sunwave Communications' stock expected returns. We can calculate the autocorrelation of Sunwave Communications returns to help us make a trade decision. For example, suppose you find that Sunwave Communications 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 |
Sunwave Communications 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 Sunwave Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunwave Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunwave Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Sunwave Communications Lagged Returns
When evaluating Sunwave Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunwave Communications stock have on its future price. Sunwave Communications 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, Sunwave Communications autocorrelation shows the relationship between Sunwave Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Sunwave Communications 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 Sunwave Stock
Sunwave Communications financial ratios help investors to determine whether Sunwave 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 Sunwave with respect to the benefits of owning Sunwave Communications security.