Zhejiang Kingland (China) Market Value
| 002443 Stock | 6.20 0.03 0.49% |
| Symbol | Zhejiang |
Zhejiang Kingland '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 Kingland'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 Kingland.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Zhejiang Kingland on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Kingland Pipeline or generate 0.0% return on investment in Zhejiang Kingland over 30 days. Zhejiang Kingland is related to or competes with HaiXin Foods, Juewei Food, Gan Yuan, Great Sun, Ligao Foods, ChengDu Hi, and State Grid. Zhejiang Kingland is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Kingland 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 Kingland'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 Kingland Pipeline upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.0464 | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 3.82 |
Zhejiang Kingland Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Kingland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Kingland's standard deviation. In reality, there are many statistical measures that can use Zhejiang Kingland historical prices to predict the future Zhejiang Kingland's volatility.| Risk Adjusted Performance | 0.0812 | |||
| Jensen Alpha | 0.165 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0523 | |||
| Treynor Ratio | 0.3932 |
Zhejiang Kingland Backtested Returns
Zhejiang Kingland appears to be slightly risky, given 3 months investment horizon. Zhejiang Kingland shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhejiang Kingland, which you can use to evaluate the volatility of the company. Please utilize Zhejiang Kingland's Mean Deviation of 1.73, downside deviation of 2.25, and Market Risk Adjusted Performance of 0.4032 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Kingland holds a performance score of 11. The firm maintains a market beta of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhejiang Kingland's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhejiang Kingland is expected to be smaller as well. Please check Zhejiang Kingland'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 Kingland's historical returns will revert.
Auto-correlation | 0.30 |
Below average predictability
Zhejiang Kingland Pipeline has below average predictability. Overlapping area represents the amount of predictability between Zhejiang Kingland time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Zhejiang Kingland price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Zhejiang Kingland price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Zhejiang Kingland lagged returns against current returns
Autocorrelation, which is Zhejiang Kingland 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 Kingland's stock expected returns. We can calculate the autocorrelation of Zhejiang Kingland returns to help us make a trade decision. For example, suppose you find that Zhejiang Kingland 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 Kingland 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 Kingland stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Kingland stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Kingland stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Kingland Lagged Returns
When evaluating Zhejiang Kingland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Kingland stock have on its future price. Zhejiang Kingland 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 Kingland autocorrelation shows the relationship between Zhejiang Kingland stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Kingland Pipeline.
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 Zhejiang Stock
Zhejiang Kingland 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 Kingland security.