Fujian Rongji (China) Market Value
| 002474 Stock | 6.24 0.30 4.59% |
| Symbol | Fujian |
Fujian Rongji '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 Fujian Rongji'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 Fujian Rongji.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Fujian Rongji on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Fujian Rongji Software or generate 0.0% return on investment in Fujian Rongji over 330 days. Fujian Rongji is related to or competes with Cambricon Technologies, Loongson Technology, Chongqing Road, Shenzhen Fortune, Wuhan Xianglong, Hainan Shuangcheng, and Empyrean Technology. Fujian Rongji is entity of China. It is traded as Stock on SHE exchange. More
Fujian Rongji 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 Fujian Rongji'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 Fujian Rongji Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.27 | |||
| Information Ratio | 0.1284 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (6.51) | |||
| Potential Upside | 9.89 |
Fujian Rongji Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fujian Rongji's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fujian Rongji's standard deviation. In reality, there are many statistical measures that can use Fujian Rongji historical prices to predict the future Fujian Rongji's volatility.| Risk Adjusted Performance | 0.1305 | |||
| Jensen Alpha | 0.6696 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1264 | |||
| Treynor Ratio | (8.58) |
Fujian Rongji Software Backtested Returns
Fujian Rongji appears to be relatively risky, given 3 months investment horizon. Fujian Rongji Software secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. By reviewing Fujian Rongji's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize Fujian Rongji's Coefficient Of Variation of 626.88, downside deviation of 4.27, and Mean Deviation of 3.1 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fujian Rongji holds a performance score of 13. The firm shows a Beta (market volatility) of -0.077, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fujian Rongji are expected to decrease at a much lower rate. During the bear market, Fujian Rongji is likely to outperform the market. Please check Fujian Rongji's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Fujian Rongji's price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Fujian Rongji Software has modest reverse predictability. Overlapping area represents the amount of predictability between Fujian Rongji time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Fujian Rongji Software price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Fujian Rongji price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Fujian Rongji Software lagged returns against current returns
Autocorrelation, which is Fujian Rongji 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 Fujian Rongji's stock expected returns. We can calculate the autocorrelation of Fujian Rongji returns to help us make a trade decision. For example, suppose you find that Fujian Rongji 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 |
Fujian Rongji 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 Fujian Rongji stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fujian Rongji stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fujian Rongji stock over time.
Current vs Lagged Prices |
| Timeline |
Fujian Rongji Lagged Returns
When evaluating Fujian Rongji's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fujian Rongji stock have on its future price. Fujian Rongji 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, Fujian Rongji autocorrelation shows the relationship between Fujian Rongji stock current value and its past values and can show if there is a momentum factor associated with investing in Fujian Rongji Software.
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 Fujian Stock
Fujian Rongji financial ratios help investors to determine whether Fujian 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 Fujian with respect to the benefits of owning Fujian Rongji security.