Hangzhou Weiguang (China) Market Value
| 002801 Stock | 23.63 1.29 5.77% |
| Symbol | Hangzhou |
Hangzhou Weiguang '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 Hangzhou Weiguang'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 Hangzhou Weiguang.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Hangzhou Weiguang on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Hangzhou Weiguang Electronic or generate 0.0% return on investment in Hangzhou Weiguang over 450 days. Hangzhou Weiguang is related to or competes with PetroChina, China State, China Mobile, Industrial, China Life, Ping An, and China Construction. Hangzhou Weiguang is entity of China. It is traded as Stock on SHE exchange. More
Hangzhou Weiguang 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 Hangzhou Weiguang'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 Hangzhou Weiguang Electronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.0908 | |||
| Maximum Drawdown | 15.03 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 5.13 |
Hangzhou Weiguang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Weiguang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Weiguang's standard deviation. In reality, there are many statistical measures that can use Hangzhou Weiguang historical prices to predict the future Hangzhou Weiguang's volatility.| Risk Adjusted Performance | 0.1107 | |||
| Jensen Alpha | 0.3933 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1009 | |||
| Treynor Ratio | (8.43) |
Hangzhou Weiguang Backtested Returns
Hangzhou Weiguang appears to be not too volatile, given 3 months investment horizon. Hangzhou Weiguang holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Hangzhou Weiguang's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Hangzhou Weiguang's Downside Deviation of 2.65, risk adjusted performance of 0.1107, and Market Risk Adjusted Performance of (8.42) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hangzhou Weiguang holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.046, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hangzhou Weiguang are expected to decrease at a much lower rate. During the bear market, Hangzhou Weiguang is likely to outperform the market. Please check Hangzhou Weiguang's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Hangzhou Weiguang's current trending patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Hangzhou Weiguang Electronic has poor predictability. Overlapping area represents the amount of predictability between Hangzhou Weiguang time series from 4th of September 2023 to 16th of April 2024 and 16th of April 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 Hangzhou Weiguang price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Hangzhou Weiguang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 3.84 |
Hangzhou Weiguang lagged returns against current returns
Autocorrelation, which is Hangzhou Weiguang 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 Hangzhou Weiguang's stock expected returns. We can calculate the autocorrelation of Hangzhou Weiguang returns to help us make a trade decision. For example, suppose you find that Hangzhou Weiguang 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 |
Hangzhou Weiguang 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 Hangzhou Weiguang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Weiguang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Weiguang stock over time.
Current vs Lagged Prices |
| Timeline |
Hangzhou Weiguang Lagged Returns
When evaluating Hangzhou Weiguang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Weiguang stock have on its future price. Hangzhou Weiguang 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, Hangzhou Weiguang autocorrelation shows the relationship between Hangzhou Weiguang stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Weiguang Electronic.
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 Hangzhou Stock
Hangzhou Weiguang financial ratios help investors to determine whether Hangzhou 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 Hangzhou with respect to the benefits of owning Hangzhou Weiguang security.