Do Fluoride (China) Market Value
| 002407 Stock | 13.39 0.45 3.25% |
| Symbol | 002407 |
Do Fluoride '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 Do Fluoride'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 Do Fluoride.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Do Fluoride on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Do Fluoride Chemicals Co or generate 0.0% return on investment in Do Fluoride over 30 days. Do Fluoride is related to or competes with Shanghai Broadband, Heilongjiang Transport, Silkroad Visual, Hangzhou Weiguang, Longjian Road, Jiangyin Jianghua, and Techshine Electronics. Do Fluoride is entity of China. It is traded as Stock on SHE exchange. More
Do Fluoride 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 Do Fluoride'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 Do Fluoride Chemicals Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.11 | |||
| Maximum Drawdown | 19.41 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 8.38 |
Do Fluoride Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Do Fluoride's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Do Fluoride's standard deviation. In reality, there are many statistical measures that can use Do Fluoride historical prices to predict the future Do Fluoride's volatility.| Risk Adjusted Performance | 0.1192 | |||
| Jensen Alpha | 0.5308 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1292 | |||
| Treynor Ratio | (3.82) |
Do Fluoride Chemicals Backtested Returns
Do Fluoride appears to be somewhat reliable, given 3 months investment horizon. Do Fluoride Chemicals retains Efficiency (Sharpe Ratio) of 0.16, which denotes the company had a 0.16% return per unit of price deviation over the last 3 months. By reviewing Do Fluoride's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize Do Fluoride's Market Risk Adjusted Performance of (3.81), standard deviation of 3.6, and Downside Deviation of 3.07 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Do Fluoride holds a performance score of 12. The firm owns a Beta (Systematic Risk) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Do Fluoride are expected to decrease at a much lower rate. During the bear market, Do Fluoride is likely to outperform the market. Please check Do Fluoride's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Do Fluoride's current price history will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Do Fluoride Chemicals Co has virtually no predictability. Overlapping area represents the amount of predictability between Do Fluoride time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Do Fluoride Chemicals price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Do Fluoride price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Do Fluoride Chemicals lagged returns against current returns
Autocorrelation, which is Do Fluoride 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 Do Fluoride's stock expected returns. We can calculate the autocorrelation of Do Fluoride returns to help us make a trade decision. For example, suppose you find that Do Fluoride 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 |
Do Fluoride 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 Do Fluoride stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Do Fluoride stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Do Fluoride stock over time.
Current vs Lagged Prices |
| Timeline |
Do Fluoride Lagged Returns
When evaluating Do Fluoride's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Do Fluoride stock have on its future price. Do Fluoride 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, Do Fluoride autocorrelation shows the relationship between Do Fluoride stock current value and its past values and can show if there is a momentum factor associated with investing in Do Fluoride Chemicals 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 002407 Stock
Do Fluoride financial ratios help investors to determine whether 002407 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 002407 with respect to the benefits of owning Do Fluoride security.