ZheJiang Haers (China) Market Value
| 002615 Stock | 8.39 0.03 0.36% |
| Symbol | ZheJiang |
ZheJiang Haers '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 Haers' 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 Haers.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in ZheJiang Haers on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding ZheJiang Haers Vacuum or generate 0.0% return on investment in ZheJiang Haers over 360 days. ZheJiang Haers is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. ZheJiang Haers is entity of China. It is traded as Stock on SHE exchange. More
ZheJiang Haers 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 Haers' 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 Haers Vacuum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.46 | |||
| Information Ratio | 0.0996 | |||
| Maximum Drawdown | 18.43 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 5.83 |
ZheJiang Haers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZheJiang Haers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZheJiang Haers' standard deviation. In reality, there are many statistical measures that can use ZheJiang Haers historical prices to predict the future ZheJiang Haers' volatility.| Risk Adjusted Performance | 0.1166 | |||
| Jensen Alpha | 0.536 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0922 | |||
| Treynor Ratio | (0.64) |
ZheJiang Haers Vacuum Backtested Returns
ZheJiang Haers appears to be slightly risky, given 3 months investment horizon. ZheJiang Haers Vacuum 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 Haers Vacuum, which you can use to evaluate the volatility of the company. Please utilize ZheJiang Haers' Mean Deviation of 2.27, downside deviation of 3.46, and Market Risk Adjusted Performance of (0.63) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZheJiang Haers holds a performance score of 11. The firm maintains a market beta of -0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ZheJiang Haers are expected to decrease at a much lower rate. During the bear market, ZheJiang Haers is likely to outperform the market. Please check ZheJiang Haers' 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 Haers' historical returns will revert.
Auto-correlation | 0.50 |
Modest predictability
ZheJiang Haers Vacuum has modest predictability. Overlapping area represents the amount of predictability between ZheJiang Haers time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 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 ZheJiang Haers Vacuum price movement. The serial correlation of 0.5 indicates that about 50.0% of current ZheJiang Haers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
ZheJiang Haers Vacuum lagged returns against current returns
Autocorrelation, which is ZheJiang Haers 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 Haers' stock expected returns. We can calculate the autocorrelation of ZheJiang Haers returns to help us make a trade decision. For example, suppose you find that ZheJiang Haers 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 Haers 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 Haers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZheJiang Haers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZheJiang Haers stock over time.
Current vs Lagged Prices |
| Timeline |
ZheJiang Haers Lagged Returns
When evaluating ZheJiang Haers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZheJiang Haers stock have on its future price. ZheJiang Haers 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 Haers autocorrelation shows the relationship between ZheJiang Haers stock current value and its past values and can show if there is a momentum factor associated with investing in ZheJiang Haers Vacuum.
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 ZheJiang Stock
ZheJiang Haers 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 Haers security.