Zhejiang Mtcn (China) Market Value
| 003026 Stock | 30.27 0.87 2.79% |
| Symbol | Zhejiang |
Zhejiang Mtcn '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 Mtcn'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 Mtcn.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in Zhejiang Mtcn on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Mtcn Technology or generate 0.0% return on investment in Zhejiang Mtcn over 180 days. Zhejiang Mtcn is related to or competes with Fiberhome Telecommunicatio, Sinocat Environmental, Guangxi Wuzhou, Fujian Nanwang, State Grid, Dynagreen Environmental, and Hangzhou Guotai. Zhejiang Mtcn is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Mtcn 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 Mtcn'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 Mtcn Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 14.76 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 3.96 |
Zhejiang Mtcn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Mtcn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Mtcn's standard deviation. In reality, there are many statistical measures that can use Zhejiang Mtcn historical prices to predict the future Zhejiang Mtcn's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (4.83) |
Zhejiang Mtcn Technology Backtested Returns
Zhejiang Mtcn Technology shows Sharpe Ratio of -0.12, which attests that the company had a -0.12 % return per unit of risk over the last 3 months. Zhejiang Mtcn Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhejiang Mtcn's Standard Deviation of 2.89, mean deviation of 2.13, and Market Risk Adjusted Performance of (4.82) to validate the risk estimate we provide. The firm maintains a market beta of 0.0974, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhejiang Mtcn's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhejiang Mtcn is expected to be smaller as well. At this point, Zhejiang Mtcn Technology has a negative expected return of -0.32%. Please make sure to check out Zhejiang Mtcn'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 Mtcn Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Zhejiang Mtcn Technology has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Mtcn time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 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 Mtcn Technology price movement. The serial correlation of -0.8 indicates that around 80.0% of current Zhejiang Mtcn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 11.8 |
Zhejiang Mtcn Technology lagged returns against current returns
Autocorrelation, which is Zhejiang Mtcn 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 Mtcn's stock expected returns. We can calculate the autocorrelation of Zhejiang Mtcn returns to help us make a trade decision. For example, suppose you find that Zhejiang Mtcn 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 Mtcn 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 Mtcn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Mtcn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Mtcn stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Mtcn Lagged Returns
When evaluating Zhejiang Mtcn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Mtcn stock have on its future price. Zhejiang Mtcn 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 Mtcn autocorrelation shows the relationship between Zhejiang Mtcn stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Mtcn Technology.
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 Zhejiang Stock
Zhejiang Mtcn 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 Mtcn security.