Hainan Shuangcheng (China) Market Value
| 002693 Stock | 27.09 2.90 9.67% |
| Symbol | Hainan |
Hainan Shuangcheng '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 Hainan Shuangcheng'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 Hainan Shuangcheng.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Hainan Shuangcheng on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Hainan Shuangcheng Pharmaceut or generate 0.0% return on investment in Hainan Shuangcheng over 570 days. Hainan Shuangcheng is related to or competes with Miracll Chemicals, Shenzhen Noposion, Road Environment, Silkroad Visual, Dazhong Transportation, Peoples Insurance, and Hunan TV. Hainan Shuangcheng is entity of China. It is traded as Stock on SHE exchange. More
Hainan Shuangcheng 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 Hainan Shuangcheng'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 Hainan Shuangcheng Pharmaceut upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.1 | |||
| Information Ratio | 0.3755 | |||
| Maximum Drawdown | 20.06 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 10.02 |
Hainan Shuangcheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hainan Shuangcheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hainan Shuangcheng's standard deviation. In reality, there are many statistical measures that can use Hainan Shuangcheng historical prices to predict the future Hainan Shuangcheng's volatility.| Risk Adjusted Performance | 0.3109 | |||
| Jensen Alpha | 2.88 | |||
| Total Risk Alpha | 1.69 | |||
| Sortino Ratio | 0.3796 | |||
| Treynor Ratio | (5.48) |
Hainan Shuangcheng Backtested Returns
Hainan Shuangcheng is somewhat reliable given 3 months investment horizon. Hainan Shuangcheng holds Efficiency (Sharpe) Ratio of 0.44, which attests that the entity had a 0.44% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 3.25% are justified by taking the suggested risk. Use Hainan Shuangcheng Pharmaceut Risk Adjusted Performance of 0.3109, market risk adjusted performance of (5.47), and Downside Deviation of 7.1 to evaluate company specific risk that cannot be diversified away. Hainan Shuangcheng holds a performance score of 34 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hainan Shuangcheng are expected to decrease at a much lower rate. During the bear market, Hainan Shuangcheng is likely to outperform the market. Use Hainan Shuangcheng Pharmaceut market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Hainan Shuangcheng Pharmaceut.
Auto-correlation | 0.05 |
Virtually no predictability
Hainan Shuangcheng Pharmaceut has virtually no predictability. Overlapping area represents the amount of predictability between Hainan Shuangcheng time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Hainan Shuangcheng price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Hainan Shuangcheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 78.47 |
Hainan Shuangcheng lagged returns against current returns
Autocorrelation, which is Hainan Shuangcheng 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 Hainan Shuangcheng's stock expected returns. We can calculate the autocorrelation of Hainan Shuangcheng returns to help us make a trade decision. For example, suppose you find that Hainan Shuangcheng 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 |
Hainan Shuangcheng 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 Hainan Shuangcheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hainan Shuangcheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hainan Shuangcheng stock over time.
Current vs Lagged Prices |
| Timeline |
Hainan Shuangcheng Lagged Returns
When evaluating Hainan Shuangcheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hainan Shuangcheng stock have on its future price. Hainan Shuangcheng 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, Hainan Shuangcheng autocorrelation shows the relationship between Hainan Shuangcheng stock current value and its past values and can show if there is a momentum factor associated with investing in Hainan Shuangcheng Pharmaceut.
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 Hainan Stock
Hainan Shuangcheng financial ratios help investors to determine whether Hainan 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 Hainan with respect to the benefits of owning Hainan Shuangcheng security.