Lier Chemical (China) Market Value
| 002258 Stock | 8.51 0.12 1.43% |
| Symbol | Lier |
Lier Chemical '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 Lier Chemical'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 Lier Chemical.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Lier Chemical on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Lier Chemical Co or generate 0.0% return on investment in Lier Chemical over 720 days. Lier Chemical is related to or competes with Peoples Insurance, Shandong Hongchuang, Qilu Bank, Aluminum Corp, Zhejiang Yongjin, Shenwu Energy, and Hefei Metalforming. Lier Chemical is entity of China. It is traded as Stock on SHE exchange. More
Lier Chemical 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 Lier Chemical'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 Lier Chemical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.065 | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 4.44 |
Lier Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lier Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lier Chemical's standard deviation. In reality, there are many statistical measures that can use Lier Chemical historical prices to predict the future Lier Chemical's volatility.| Risk Adjusted Performance | 0.0983 | |||
| Jensen Alpha | 0.337 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0745 | |||
| Treynor Ratio | (0.82) |
Lier Chemical Backtested Returns
Lier Chemical appears to be somewhat reliable, given 3 months investment horizon. Lier Chemical has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lier Chemical, which you can use to evaluate the volatility of the firm. Please exercise Lier Chemical's Downside Deviation of 2.2, risk adjusted performance of 0.0983, and Mean Deviation of 1.81 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lier Chemical holds a performance score of 10. The company secures a Beta (Market Risk) of -0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Lier Chemical are expected to decrease at a much lower rate. During the bear market, Lier Chemical is likely to outperform the market. Please check Lier Chemical'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 Lier Chemical's current price movements will revert.
Auto-correlation | 0.77 |
Good predictability
Lier Chemical Co has good predictability. Overlapping area represents the amount of predictability between Lier Chemical time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Lier Chemical price movement. The serial correlation of 0.77 indicates that around 77.0% of current Lier Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1.89 |
Lier Chemical lagged returns against current returns
Autocorrelation, which is Lier Chemical 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 Lier Chemical's stock expected returns. We can calculate the autocorrelation of Lier Chemical returns to help us make a trade decision. For example, suppose you find that Lier Chemical 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 |
Lier Chemical 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 Lier Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lier Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lier Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Lier Chemical Lagged Returns
When evaluating Lier Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lier Chemical stock have on its future price. Lier Chemical 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, Lier Chemical autocorrelation shows the relationship between Lier Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Lier Chemical Co.
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 Lier Stock
Lier Chemical financial ratios help investors to determine whether Lier 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 Lier with respect to the benefits of owning Lier Chemical security.