Hengkang Medical (China) Market Value
| 002219 Stock | 2.60 0.01 0.38% |
| Symbol | Hengkang |
Hengkang Medical '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 Hengkang Medical'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 Hengkang Medical.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Hengkang Medical on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Hengkang Medical Group or generate 0.0% return on investment in Hengkang Medical over 510 days. Hengkang Medical is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Hengkang Medical is entity of China. It is traded as Stock on SHE exchange. More
Hengkang Medical 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 Hengkang Medical'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 Hengkang Medical Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.45 | |||
| Information Ratio | 0.1176 | |||
| Maximum Drawdown | 18.08 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 9.88 |
Hengkang Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hengkang Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hengkang Medical's standard deviation. In reality, there are many statistical measures that can use Hengkang Medical historical prices to predict the future Hengkang Medical's volatility.| Risk Adjusted Performance | 0.1223 | |||
| Jensen Alpha | 0.6722 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1378 | |||
| Treynor Ratio | (0.91) |
Hengkang Medical Backtested Returns
Hengkang Medical appears to be very risky, given 3 months investment horizon. Hengkang Medical holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. By evaluating Hengkang Medical's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize Hengkang Medical's Downside Deviation of 3.45, market risk adjusted performance of (0.90), and Risk Adjusted Performance of 0.1223 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hengkang Medical holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hengkang Medical are expected to decrease at a much lower rate. During the bear market, Hengkang Medical is likely to outperform the market. Please check Hengkang Medical's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Hengkang Medical's current trending patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Hengkang Medical Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Hengkang Medical time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Hengkang Medical price movement. The serial correlation of -0.01 indicates that just 1.0% of current Hengkang Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Hengkang Medical lagged returns against current returns
Autocorrelation, which is Hengkang Medical 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 Hengkang Medical's stock expected returns. We can calculate the autocorrelation of Hengkang Medical returns to help us make a trade decision. For example, suppose you find that Hengkang Medical 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 |
Hengkang Medical 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 Hengkang Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hengkang Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hengkang Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Hengkang Medical Lagged Returns
When evaluating Hengkang Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hengkang Medical stock have on its future price. Hengkang Medical 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, Hengkang Medical autocorrelation shows the relationship between Hengkang Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Hengkang Medical 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 Hengkang Stock
Hengkang Medical financial ratios help investors to determine whether Hengkang 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 Hengkang with respect to the benefits of owning Hengkang Medical security.