Zhejiang Dahua (China) Market Value
| 002236 Stock | 16.46 0.13 0.80% |
| Symbol | Zhejiang |
Zhejiang Dahua '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 Zhejiang Dahua'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 Zhejiang Dahua.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Zhejiang Dahua on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Zhejiang Dahua Technology or generate 0.0% return on investment in Zhejiang Dahua over 360 days. Zhejiang Dahua is related to or competes with Ningbo Tech, Heilongjiang Transport, Fujian Longzhou, Guosheng Financial, Hainan Haiqi, Hubeiyichang Transportation, and Qilu Bank. Zhejiang Dahua is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Dahua 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 Zhejiang Dahua'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 Zhejiang Dahua Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.1031 | |||
| Maximum Drawdown | 17.1 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 6.14 |
Zhejiang Dahua Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Dahua's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Dahua's standard deviation. In reality, there are many statistical measures that can use Zhejiang Dahua historical prices to predict the future Zhejiang Dahua's volatility.| Risk Adjusted Performance | 0.12 | |||
| Jensen Alpha | 0.418 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1031 | |||
| Treynor Ratio | (3.13) |
Zhejiang Dahua Technology Backtested Returns
Zhejiang Dahua appears to be not too volatile, given 3 months investment horizon. Zhejiang Dahua Technology shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhejiang Dahua Technology, which you can use to evaluate the volatility of the company. Please utilize Zhejiang Dahua's Market Risk Adjusted Performance of (3.12), mean deviation of 2.03, and Downside Deviation of 2.8 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Dahua holds a performance score of 10. The firm maintains a market beta of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zhejiang Dahua are expected to decrease at a much lower rate. During the bear market, Zhejiang Dahua is likely to outperform the market. Please check Zhejiang Dahua's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Zhejiang Dahua's historical returns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Zhejiang Dahua Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Dahua time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Zhejiang Dahua Technology price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Zhejiang Dahua price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 2.04 |
Zhejiang Dahua Technology lagged returns against current returns
Autocorrelation, which is Zhejiang Dahua 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 Zhejiang Dahua's stock expected returns. We can calculate the autocorrelation of Zhejiang Dahua returns to help us make a trade decision. For example, suppose you find that Zhejiang Dahua 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 |
Zhejiang Dahua 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 Zhejiang Dahua stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Dahua stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Dahua stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Dahua Lagged Returns
When evaluating Zhejiang Dahua's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Dahua stock have on its future price. Zhejiang Dahua 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, Zhejiang Dahua autocorrelation shows the relationship between Zhejiang Dahua stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Dahua Technology.
Regressed Prices |
| Timeline |
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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 Zhejiang Stock
Zhejiang Dahua financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Dahua security.