Wanda Cinema (China) Market Value
| 002739 Stock | 12.72 0.45 3.67% |
| Symbol | Wanda |
Wanda Cinema '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 Wanda Cinema'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 Wanda Cinema.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Wanda Cinema on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Wanda Cinema Line or generate 0.0% return on investment in Wanda Cinema over 180 days. Wanda Cinema is related to or competes with Shanghai Shuixing, Sinomach Automobile, Easyhome New, Chongqing Changan, Guangzhou Shangpin, Vohringer Home, and Anhui Jianghuai. Wanda Cinema is entity of China. It is traded as Stock on SHE exchange. More
Wanda Cinema 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 Wanda Cinema'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 Wanda Cinema Line upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.0696 | |||
| Maximum Drawdown | 19.74 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 5.74 |
Wanda Cinema Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wanda Cinema's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wanda Cinema's standard deviation. In reality, there are many statistical measures that can use Wanda Cinema historical prices to predict the future Wanda Cinema's volatility.| Risk Adjusted Performance | 0.0937 | |||
| Jensen Alpha | 0.3621 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0757 | |||
| Treynor Ratio | (3.88) |
Wanda Cinema Line Backtested Returns
Wanda Cinema appears to be out of control, given 3 months investment horizon. Wanda Cinema Line shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. By examining Wanda Cinema's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Wanda Cinema's Market Risk Adjusted Performance of (3.87), mean deviation of 2.27, and Downside Deviation of 2.94 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wanda Cinema holds a performance score of 12. The firm maintains a market beta of -0.0903, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wanda Cinema are expected to decrease at a much lower rate. During the bear market, Wanda Cinema is likely to outperform the market. Please check Wanda Cinema's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Wanda Cinema's historical returns will revert.
Auto-correlation | -0.83 |
Excellent reverse predictability
Wanda Cinema Line has excellent reverse predictability. Overlapping area represents the amount of predictability between Wanda Cinema time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Wanda Cinema Line price movement. The serial correlation of -0.83 indicates that around 83.0% of current Wanda Cinema price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 |
Wanda Cinema Line lagged returns against current returns
Autocorrelation, which is Wanda Cinema 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 Wanda Cinema's stock expected returns. We can calculate the autocorrelation of Wanda Cinema returns to help us make a trade decision. For example, suppose you find that Wanda Cinema 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 |
Wanda Cinema 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 Wanda Cinema stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wanda Cinema stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wanda Cinema stock over time.
Current vs Lagged Prices |
| Timeline |
Wanda Cinema Lagged Returns
When evaluating Wanda Cinema's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wanda Cinema stock have on its future price. Wanda Cinema 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, Wanda Cinema autocorrelation shows the relationship between Wanda Cinema stock current value and its past values and can show if there is a momentum factor associated with investing in Wanda Cinema Line.
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 Wanda Stock
Wanda Cinema financial ratios help investors to determine whether Wanda 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 Wanda with respect to the benefits of owning Wanda Cinema security.