Zhongshan Broad (China) Market Value
| 002249 Stock | 5.47 0.20 3.53% |
| Symbol | Zhongshan |
Zhongshan Broad '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 Zhongshan Broad'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 Zhongshan Broad.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Zhongshan Broad on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Zhongshan Broad Ocean Motor or generate 0.0% return on investment in Zhongshan Broad over 570 days. Zhongshan Broad is related to or competes with Shenyang Huitian, Hefei Metalforming, Pengxin International, Dalian Thermal, Rising Nonferrous, Xinjiang Baodi, and China Express. Zhongshan Broad is entity of China. It is traded as Stock on SHE exchange. More
Zhongshan Broad 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 Zhongshan Broad'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 Zhongshan Broad Ocean Motor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0882 | |||
| Maximum Drawdown | 16.36 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.86 |
Zhongshan Broad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongshan Broad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongshan Broad's standard deviation. In reality, there are many statistical measures that can use Zhongshan Broad historical prices to predict the future Zhongshan Broad's volatility.| Risk Adjusted Performance | 0.1202 | |||
| Jensen Alpha | 0.3889 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0928 | |||
| Treynor Ratio | (0.50) |
Zhongshan Broad Ocean Backtested Returns
Zhongshan Broad appears to be slightly risky, given 3 months investment horizon. Zhongshan Broad Ocean shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Zhongshan Broad Ocean, which you can use to evaluate the volatility of the company. Please utilize Zhongshan Broad's Mean Deviation of 1.51, downside deviation of 2.07, and Market Risk Adjusted Performance of (0.49) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhongshan Broad holds a performance score of 13. The firm maintains a market beta of -0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhongshan Broad are expected to decrease at a much lower rate. During the bear market, Zhongshan Broad is likely to outperform the market. Please check Zhongshan Broad's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Zhongshan Broad's historical returns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Zhongshan Broad Ocean Motor has modest reverse predictability. Overlapping area represents the amount of predictability between Zhongshan Broad time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Zhongshan Broad Ocean price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Zhongshan Broad price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Zhongshan Broad Ocean lagged returns against current returns
Autocorrelation, which is Zhongshan Broad 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 Zhongshan Broad's stock expected returns. We can calculate the autocorrelation of Zhongshan Broad returns to help us make a trade decision. For example, suppose you find that Zhongshan Broad 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 |
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Zhongshan Broad 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 Zhongshan Broad stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongshan Broad stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongshan Broad stock over time.
Current vs Lagged Prices |
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Zhongshan Broad Lagged Returns
When evaluating Zhongshan Broad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongshan Broad stock have on its future price. Zhongshan Broad 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, Zhongshan Broad autocorrelation shows the relationship between Zhongshan Broad stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongshan Broad Ocean Motor.
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 Zhongshan Stock
Zhongshan Broad financial ratios help investors to determine whether Zhongshan 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 Zhongshan with respect to the benefits of owning Zhongshan Broad security.