Zhejiang Zanyu (China) Market Value
| 002637 Stock | 11.10 0.40 3.74% |
| Symbol | Zhejiang |
Zhejiang Zanyu '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 Zanyu'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 Zanyu.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Zhejiang Zanyu on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Zanyu Technology or generate 0.0% return on investment in Zhejiang Zanyu over 30 days. Zhejiang Zanyu is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. Zhejiang Zanyu is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Zanyu 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 Zanyu'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 Zanyu Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.1152 | |||
| Maximum Drawdown | 18.18 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 6.61 |
Zhejiang Zanyu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Zanyu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Zanyu's standard deviation. In reality, there are many statistical measures that can use Zhejiang Zanyu historical prices to predict the future Zhejiang Zanyu's volatility.| Risk Adjusted Performance | 0.1318 | |||
| Jensen Alpha | 0.4549 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1485 | |||
| Treynor Ratio | 9.77 |
Zhejiang Zanyu Technology Backtested Returns
Zhejiang Zanyu appears to be somewhat reliable, given 3 months investment horizon. Zhejiang Zanyu Technology 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 Zanyu's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Zhejiang Zanyu's Downside Deviation of 2.25, market risk adjusted performance of 9.78, and Mean Deviation of 1.99 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Zanyu holds a performance score of 14. The firm maintains a market beta of 0.0472, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhejiang Zanyu's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhejiang Zanyu is expected to be smaller as well. Please check Zhejiang Zanyu's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Zhejiang Zanyu's historical returns will revert.
Auto-correlation | 0.55 |
Modest predictability
Zhejiang Zanyu Technology has modest predictability. Overlapping area represents the amount of predictability between Zhejiang Zanyu time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Zhejiang Zanyu Technology price movement. The serial correlation of 0.55 indicates that about 55.0% of current Zhejiang Zanyu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Zhejiang Zanyu Technology lagged returns against current returns
Autocorrelation, which is Zhejiang Zanyu 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 Zanyu's stock expected returns. We can calculate the autocorrelation of Zhejiang Zanyu returns to help us make a trade decision. For example, suppose you find that Zhejiang Zanyu 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 Zanyu 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 Zanyu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Zanyu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Zanyu stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Zanyu Lagged Returns
When evaluating Zhejiang Zanyu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Zanyu stock have on its future price. Zhejiang Zanyu 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 Zanyu autocorrelation shows the relationship between Zhejiang Zanyu stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Zanyu Technology.
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 Zanyu 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 Zanyu security.