Linzhou Heavy (China) Market Value
| 002535 Stock | 4.52 0.10 2.26% |
| Symbol | Linzhou |
Linzhou Heavy '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 Linzhou Heavy'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 Linzhou Heavy.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Linzhou Heavy on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Linzhou Heavy Machinery or generate 0.0% return on investment in Linzhou Heavy over 360 days. Linzhou Heavy is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Linzhou Heavy is entity of China. It is traded as Stock on SHE exchange. More
Linzhou Heavy 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 Linzhou Heavy'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 Linzhou Heavy Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.1627 | |||
| Maximum Drawdown | 18.22 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.53 |
Linzhou Heavy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Linzhou Heavy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Linzhou Heavy's standard deviation. In reality, there are many statistical measures that can use Linzhou Heavy historical prices to predict the future Linzhou Heavy's volatility.| Risk Adjusted Performance | 0.1646 | |||
| Jensen Alpha | 0.615 | |||
| Total Risk Alpha | 0.1523 | |||
| Sortino Ratio | 0.1737 | |||
| Treynor Ratio | (2.16) |
Linzhou Heavy Machinery Backtested Returns
Linzhou Heavy appears to be relatively risky, given 3 months investment horizon. Linzhou Heavy Machinery has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Linzhou Heavy's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please exercise Linzhou Heavy's Downside Deviation of 2.7, mean deviation of 2.0, and Risk Adjusted Performance of 0.1646 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Linzhou Heavy holds a performance score of 16. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Linzhou Heavy are expected to decrease at a much lower rate. During the bear market, Linzhou Heavy is likely to outperform the market. Please check Linzhou Heavy's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Linzhou Heavy's current price movements will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Linzhou Heavy Machinery has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Linzhou Heavy time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Linzhou Heavy Machinery price movement. The serial correlation of -0.76 indicates that around 76.0% of current Linzhou Heavy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Linzhou Heavy Machinery lagged returns against current returns
Autocorrelation, which is Linzhou Heavy 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 Linzhou Heavy's stock expected returns. We can calculate the autocorrelation of Linzhou Heavy returns to help us make a trade decision. For example, suppose you find that Linzhou Heavy 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 |
Linzhou Heavy 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 Linzhou Heavy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Linzhou Heavy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Linzhou Heavy stock over time.
Current vs Lagged Prices |
| Timeline |
Linzhou Heavy Lagged Returns
When evaluating Linzhou Heavy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Linzhou Heavy stock have on its future price. Linzhou Heavy 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, Linzhou Heavy autocorrelation shows the relationship between Linzhou Heavy stock current value and its past values and can show if there is a momentum factor associated with investing in Linzhou Heavy Machinery.
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 Linzhou Stock
Linzhou Heavy financial ratios help investors to determine whether Linzhou 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 Linzhou with respect to the benefits of owning Linzhou Heavy security.