ZheJiang BangJie (China) Market Value
| 002634 Stock | 4.39 0.13 3.05% |
| Symbol | ZheJiang |
ZheJiang BangJie '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 BangJie'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 BangJie.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in ZheJiang BangJie on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding ZheJiang BangJie Digital or generate 0.0% return on investment in ZheJiang BangJie over 360 days. ZheJiang BangJie is related to or competes with Shenwu Energy, Peoples Insurance, Guosheng Financial, Youyou Foods, Bank of Suzhou, Fujian Anjoy, and Postal Savings. ZheJiang BangJie is entity of China. It is traded as Stock on SHE exchange. More
ZheJiang BangJie 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 BangJie'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 BangJie Digital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.95 | |||
| Information Ratio | 0.1389 | |||
| Maximum Drawdown | 20.04 | |||
| Value At Risk | (5.74) | |||
| Potential Upside | 9.96 |
ZheJiang BangJie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZheJiang BangJie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZheJiang BangJie's standard deviation. In reality, there are many statistical measures that can use ZheJiang BangJie historical prices to predict the future ZheJiang BangJie's volatility.| Risk Adjusted Performance | 0.1294 | |||
| Jensen Alpha | 0.7432 | |||
| Total Risk Alpha | 0.0298 | |||
| Sortino Ratio | 0.1522 | |||
| Treynor Ratio | (2.93) |
ZheJiang BangJie Digital Backtested Returns
ZheJiang BangJie appears to be risky, given 3 months investment horizon. ZheJiang BangJie Digital shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. By examining ZheJiang BangJie's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please utilize ZheJiang BangJie's Mean Deviation of 3.1, market risk adjusted performance of (2.92), and Downside Deviation of 3.95 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZheJiang BangJie holds a performance score of 14. The firm maintains a market beta of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ZheJiang BangJie are expected to decrease at a much lower rate. During the bear market, ZheJiang BangJie is likely to outperform the market. Please check ZheJiang BangJie'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 BangJie's historical returns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
ZheJiang BangJie Digital has poor reverse predictability. Overlapping area represents the amount of predictability between ZheJiang BangJie time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 BangJie Digital price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current ZheJiang BangJie price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
ZheJiang BangJie Digital lagged returns against current returns
Autocorrelation, which is ZheJiang BangJie 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 BangJie's stock expected returns. We can calculate the autocorrelation of ZheJiang BangJie returns to help us make a trade decision. For example, suppose you find that ZheJiang BangJie 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 BangJie 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 BangJie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZheJiang BangJie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZheJiang BangJie stock over time.
Current vs Lagged Prices |
| Timeline |
ZheJiang BangJie Lagged Returns
When evaluating ZheJiang BangJie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZheJiang BangJie stock have on its future price. ZheJiang BangJie 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 BangJie autocorrelation shows the relationship between ZheJiang BangJie stock current value and its past values and can show if there is a momentum factor associated with investing in ZheJiang BangJie Digital.
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 BangJie 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 BangJie security.