Zhejiang Construction's market value is the price at which a share of Zhejiang Construction trades on a public exchange. It measures the collective expectations of Zhejiang Construction Investment investors about its performance. Zhejiang Construction is trading at 8.27 as of the 17th of January 2025, a 0.49 percent increase since the beginning of the trading day. The stock's open price was 8.23. With this module, you can estimate the performance of a buy and hold strategy of Zhejiang Construction Investment and determine expected loss or profit from investing in Zhejiang Construction over a given investment horizon. Check out Zhejiang Construction Correlation, Zhejiang Construction Volatility and Zhejiang Construction Alpha and Beta module to complement your research on Zhejiang Construction.
Please note, there is a significant difference between Zhejiang Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhejiang Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhejiang Construction's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Zhejiang Construction '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 Construction'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 Construction.
0.00
01/28/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/17/2025
0.00
If you would invest 0.00 in Zhejiang Construction on January 28, 2023 and sell it all today you would earn a total of 0.00 from holding Zhejiang Construction Investment or generate 0.0% return on investment in Zhejiang Construction over 720 days. Zhejiang Construction is related to or competes with Sublime China, Dymatic Chemicals, Miracll Chemicals, Shenzhen SDG, Citic Offshore, Offshore Oil, and Shenzhen Noposion. Zhejiang Construction is entity of China More
Zhejiang Construction 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 Construction'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 Construction Investment upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Construction's standard deviation. In reality, there are many statistical measures that can use Zhejiang Construction historical prices to predict the future Zhejiang Construction's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zhejiang Construction. Your research has to be compared to or analyzed against Zhejiang Construction's peers to derive any actionable benefits. When done correctly, Zhejiang Construction's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zhejiang Construction.
Zhejiang Construction Backtested Returns
Zhejiang Construction shows Sharpe Ratio of -0.0088, which attests that the company had a -0.0088% return per unit of risk over the last 3 months. Zhejiang Construction exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhejiang Construction's Mean Deviation of 2.2, standard deviation of 3.37, and Market Risk Adjusted Performance of 0.1115 to validate the risk estimate we provide. The firm maintains a market beta of -0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhejiang Construction are expected to decrease at a much lower rate. During the bear market, Zhejiang Construction is likely to outperform the market. At this point, Zhejiang Construction has a negative expected return of -0.03%. Please make sure to check out Zhejiang Construction's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Zhejiang Construction performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.09
Very weak reverse predictability
Zhejiang Construction Investment has very weak reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Construction time series from 28th of January 2023 to 23rd of January 2024 and 23rd of January 2024 to 17th of January 2025. 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 Construction price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Zhejiang Construction price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.09
Spearman Rank Test
-0.05
Residual Average
0.0
Price Variance
0.89
Zhejiang Construction lagged returns against current returns
Autocorrelation, which is Zhejiang Construction 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 Construction's stock expected returns. We can calculate the autocorrelation of Zhejiang Construction returns to help us make a trade decision. For example, suppose you find that Zhejiang Construction 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 Construction 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 Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Construction stock over time.
Current vs Lagged Prices
Timeline
Zhejiang Construction Lagged Returns
When evaluating Zhejiang Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Construction stock have on its future price. Zhejiang Construction 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 Construction autocorrelation shows the relationship between Zhejiang Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Construction Investment.
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.
Zhejiang Construction 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 Construction security.