DO Home (China) Market Value
| 002798 Stock | 4.34 0.17 3.77% |
| Symbol | 002798 |
DO Home '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 DO Home'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 DO Home.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in DO Home on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding DO Home Collection or generate 0.0% return on investment in DO Home over 30 days. DO Home is related to or competes with Changchun BCHT, Shandong Sino-Agri, Maccura Biotechnology, De Rucci, Shanghai Rongtai, and Yunnan Jianzhijia. DO Home is entity of China. It is traded as Stock on SHE exchange. More
DO Home 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 DO Home'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 DO Home Collection upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | 0.1223 | |||
| Maximum Drawdown | 17.5 | |||
| Value At Risk | (4.50) | |||
| Potential Upside | 5.28 |
DO Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DO Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DO Home's standard deviation. In reality, there are many statistical measures that can use DO Home historical prices to predict the future DO Home's volatility.| Risk Adjusted Performance | 0.1304 | |||
| Jensen Alpha | 0.56 | |||
| Total Risk Alpha | 0.0217 | |||
| Sortino Ratio | 0.129 | |||
| Treynor Ratio | (1.54) |
DO Home Collection Backtested Returns
DO Home appears to be relatively risky, given 3 months investment horizon. DO Home Collection retains Efficiency (Sharpe Ratio) of 0.17, which denotes the company had a 0.17% return per unit of price deviation over the last 3 months. By examining DO Home's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize DO Home's Downside Deviation of 3.14, market risk adjusted performance of (1.53), and Standard Deviation of 3.32 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, DO Home holds a performance score of 13. The firm owns a Beta (Systematic Risk) of -0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DO Home are expected to decrease at a much lower rate. During the bear market, DO Home is likely to outperform the market. Please check DO Home's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether DO Home's current price history will revert.
Auto-correlation | 0.55 |
Modest predictability
DO Home Collection has modest predictability. Overlapping area represents the amount of predictability between DO Home time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 DO Home Collection price movement. The serial correlation of 0.55 indicates that about 55.0% of current DO Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
DO Home Collection lagged returns against current returns
Autocorrelation, which is DO Home 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 DO Home's stock expected returns. We can calculate the autocorrelation of DO Home returns to help us make a trade decision. For example, suppose you find that DO Home 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 |
DO Home 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 DO Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DO Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DO Home stock over time.
Current vs Lagged Prices |
| Timeline |
DO Home Lagged Returns
When evaluating DO Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DO Home stock have on its future price. DO Home 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, DO Home autocorrelation shows the relationship between DO Home stock current value and its past values and can show if there is a momentum factor associated with investing in DO Home Collection.
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 002798 Stock
DO Home financial ratios help investors to determine whether 002798 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 002798 with respect to the benefits of owning DO Home security.