Fujian Longzhou (China) Market Value
| 002682 Stock | 4.90 0.23 4.93% |
| Symbol | Fujian |
Fujian Longzhou '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 Fujian Longzhou'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 Fujian Longzhou.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Fujian Longzhou on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Fujian Longzhou Transportation or generate 0.0% return on investment in Fujian Longzhou over 90 days. Fujian Longzhou is related to or competes with PetroChina, China State, China Mobile, Industrial, China Life, Ping An, and China Construction. Fujian Longzhou is entity of China. It is traded as Stock on SHE exchange. More
Fujian Longzhou 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 Fujian Longzhou'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 Fujian Longzhou Transportation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.23 | |||
| Information Ratio | 0.1107 | |||
| Maximum Drawdown | 18.65 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 5.07 |
Fujian Longzhou Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fujian Longzhou's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fujian Longzhou's standard deviation. In reality, there are many statistical measures that can use Fujian Longzhou historical prices to predict the future Fujian Longzhou's volatility.| Risk Adjusted Performance | 0.1234 | |||
| Jensen Alpha | 0.4235 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1099 | |||
| Treynor Ratio | 1.11 |
Fujian Longzhou Tran Backtested Returns
Fujian Longzhou appears to be moderately volatile, given 3 months investment horizon. Fujian Longzhou Tran secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of risk over the last 3 months. By reviewing Fujian Longzhou's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Fujian Longzhou's Downside Deviation of 3.23, mean deviation of 2.3, and Coefficient Of Variation of 660.29 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fujian Longzhou holds a performance score of 16. The firm shows a Beta (market volatility) of 0.43, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fujian Longzhou's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fujian Longzhou is expected to be smaller as well. Please check Fujian Longzhou's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Fujian Longzhou's price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Fujian Longzhou Transportation has very good predictability. Overlapping area represents the amount of predictability between Fujian Longzhou 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 Fujian Longzhou Tran price movement. The serial correlation of 0.85 indicates that around 85.0% of current Fujian Longzhou price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Fujian Longzhou Tran lagged returns against current returns
Autocorrelation, which is Fujian Longzhou 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 Fujian Longzhou's stock expected returns. We can calculate the autocorrelation of Fujian Longzhou returns to help us make a trade decision. For example, suppose you find that Fujian Longzhou 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 |
Fujian Longzhou 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 Fujian Longzhou stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fujian Longzhou stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fujian Longzhou stock over time.
Current vs Lagged Prices |
| Timeline |
Fujian Longzhou Lagged Returns
When evaluating Fujian Longzhou's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fujian Longzhou stock have on its future price. Fujian Longzhou 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, Fujian Longzhou autocorrelation shows the relationship between Fujian Longzhou stock current value and its past values and can show if there is a momentum factor associated with investing in Fujian Longzhou Transportation.
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 Fujian Stock
Fujian Longzhou financial ratios help investors to determine whether Fujian 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 Fujian with respect to the benefits of owning Fujian Longzhou security.