Hubeiyichang Transportation (China) Market Value
| 002627 Stock | 5.28 0.04 0.76% |
| Symbol | Hubeiyichang |
Hubeiyichang Transportation '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 Hubeiyichang Transportation'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 Hubeiyichang Transportation.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hubeiyichang Transportation on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Hubeiyichang Transportation Group or generate 0.0% return on investment in Hubeiyichang Transportation over 90 days. Hubeiyichang Transportation is related to or competes with Guangdong Xiongsu, Hainan Mining, Sinofibers Technology, Guangzhou Haozhi, Kuangda Technology, Gem Year, and Dongguan Chitwing. Hubeiyichang Transportation is entity of China More
Hubeiyichang Transportation 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 Hubeiyichang Transportation'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 Hubeiyichang Transportation Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.0294 | |||
| Maximum Drawdown | 17.12 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 3.32 |
Hubeiyichang Transportation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hubeiyichang Transportation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hubeiyichang Transportation's standard deviation. In reality, there are many statistical measures that can use Hubeiyichang Transportation historical prices to predict the future Hubeiyichang Transportation's volatility.| Risk Adjusted Performance | 0.0768 | |||
| Jensen Alpha | 0.2231 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0284 | |||
| Treynor Ratio | (0.48) |
Hubeiyichang Transportation Backtested Returns
Hubeiyichang Transportation appears to be slightly risky, given 3 months investment horizon. Hubeiyichang Transportation holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hubeiyichang Transportation, which you can use to evaluate the volatility of the firm. Please utilize Hubeiyichang Transportation's Market Risk Adjusted Performance of (0.47), risk adjusted performance of 0.0768, and Downside Deviation of 2.12 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hubeiyichang Transportation holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hubeiyichang Transportation are expected to decrease at a much lower rate. During the bear market, Hubeiyichang Transportation is likely to outperform the market. Please check Hubeiyichang Transportation'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 Hubeiyichang Transportation's current trending patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Hubeiyichang Transportation Group has modest predictability. Overlapping area represents the amount of predictability between Hubeiyichang Transportation time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Hubeiyichang Transportation price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Hubeiyichang Transportation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hubeiyichang Transportation lagged returns against current returns
Autocorrelation, which is Hubeiyichang Transportation 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 Hubeiyichang Transportation's stock expected returns. We can calculate the autocorrelation of Hubeiyichang Transportation returns to help us make a trade decision. For example, suppose you find that Hubeiyichang Transportation 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 |
Hubeiyichang Transportation 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 Hubeiyichang Transportation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hubeiyichang Transportation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hubeiyichang Transportation stock over time.
Current vs Lagged Prices |
| Timeline |
Hubeiyichang Transportation Lagged Returns
When evaluating Hubeiyichang Transportation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hubeiyichang Transportation stock have on its future price. Hubeiyichang Transportation 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, Hubeiyichang Transportation autocorrelation shows the relationship between Hubeiyichang Transportation stock current value and its past values and can show if there is a momentum factor associated with investing in Hubeiyichang Transportation Group.
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 Hubeiyichang Stock
Hubeiyichang Transportation financial ratios help investors to determine whether Hubeiyichang 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 Hubeiyichang with respect to the benefits of owning Hubeiyichang Transportation security.