Hainan Drinda (China) Market Value
| 002865 Stock | 69.22 2.97 4.48% |
| Symbol | Hainan |
Hainan Drinda '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 Drinda'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 Drinda.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Hainan Drinda on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hainan Drinda Automotive or generate 0.0% return on investment in Hainan Drinda over 180 days. Hainan Drinda is related to or competes with Agricultural Bank, China Construction, Postal Savings, Bank of Communications, Ping An, and Industrial Bank. Hainan Drinda is entity of China. It is traded as Stock on SHE exchange. More
Hainan Drinda 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 Drinda'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 Drinda Automotive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.2 | |||
| Information Ratio | 0.1777 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (7.42) | |||
| Potential Upside | 10.0 |
Hainan Drinda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hainan Drinda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hainan Drinda's standard deviation. In reality, there are many statistical measures that can use Hainan Drinda historical prices to predict the future Hainan Drinda's volatility.| Risk Adjusted Performance | 0.1651 | |||
| Jensen Alpha | 1.19 | |||
| Total Risk Alpha | 0.1822 | |||
| Sortino Ratio | 0.2148 | |||
| Treynor Ratio | (0.84) |
Hainan Drinda Automotive Backtested Returns
Hainan Drinda is very steady given 3 months investment horizon. Hainan Drinda Automotive holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use Hainan Drinda Automotive Market Risk Adjusted Performance of (0.83), risk adjusted performance of 0.1651, and Downside Deviation of 4.2 to evaluate company specific risk that cannot be diversified away. Hainan Drinda holds a performance score of 17 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -1.23, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Hainan Drinda are expected to decrease by larger amounts. On the other hand, during market turmoil, Hainan Drinda is expected to outperform it. Use Hainan Drinda Automotive semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on Hainan Drinda Automotive.
Auto-correlation | -0.48 |
Modest reverse predictability
Hainan Drinda Automotive has modest reverse predictability. Overlapping area represents the amount of predictability between Hainan Drinda 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 Hainan Drinda Automotive price movement. The serial correlation of -0.48 indicates that about 48.0% of current Hainan Drinda price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 203.36 |
Hainan Drinda Automotive lagged returns against current returns
Autocorrelation, which is Hainan Drinda 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 Drinda's stock expected returns. We can calculate the autocorrelation of Hainan Drinda returns to help us make a trade decision. For example, suppose you find that Hainan Drinda 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 Drinda 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 Drinda stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hainan Drinda stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hainan Drinda stock over time.
Current vs Lagged Prices |
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Hainan Drinda Lagged Returns
When evaluating Hainan Drinda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hainan Drinda stock have on its future price. Hainan Drinda 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 Drinda autocorrelation shows the relationship between Hainan Drinda stock current value and its past values and can show if there is a momentum factor associated with investing in Hainan Drinda Automotive.
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 Drinda 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 Drinda security.