Wangsu Science (China) Market Value
| 300017 Stock | 9.50 0.28 3.04% |
| Symbol | Wangsu |
Wangsu Science '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 Wangsu Science'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 Wangsu Science.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Wangsu Science on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Wangsu Science Tech or generate 0.0% return on investment in Wangsu Science over 360 days. Wangsu Science is related to or competes with Zhuhai Comleader, Tongding Interconnection, Lander Sports, Dalian Zeus, ButOne Information, Focus Media, and Guangzhou Ruoyuchen. Wangsu Science is entity of China. It is traded as Stock on SHE exchange. More
Wangsu Science 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 Wangsu Science'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 Wangsu Science Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.15 | |||
| Information Ratio | 0.0744 | |||
| Maximum Drawdown | 32.74 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 6.19 |
Wangsu Science Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wangsu Science's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wangsu Science's standard deviation. In reality, there are many statistical measures that can use Wangsu Science historical prices to predict the future Wangsu Science's volatility.| Risk Adjusted Performance | 0.0869 | |||
| Jensen Alpha | 0.3499 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0808 | |||
| Treynor Ratio | 0.5166 |
Wangsu Science Tech Backtested Returns
Wangsu Science appears to be slightly risky, given 3 months investment horizon. Wangsu Science Tech 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. By examining Wangsu Science's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Wangsu Science's Mean Deviation of 2.76, market risk adjusted performance of 0.5266, and Downside Deviation of 4.15 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wangsu Science holds a performance score of 9. The firm maintains a market beta of 0.88, which attests to possible diversification benefits within a given portfolio. Wangsu Science returns are very sensitive to returns on the market. As the market goes up or down, Wangsu Science is expected to follow. Please check Wangsu Science's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Wangsu Science's historical returns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Wangsu Science Tech has weak reverse predictability. Overlapping area represents the amount of predictability between Wangsu Science time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 Wangsu Science Tech price movement. The serial correlation of -0.24 indicates that over 24.0% of current Wangsu Science price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Wangsu Science Tech lagged returns against current returns
Autocorrelation, which is Wangsu Science 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 Wangsu Science's stock expected returns. We can calculate the autocorrelation of Wangsu Science returns to help us make a trade decision. For example, suppose you find that Wangsu Science 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 |
Wangsu Science 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 Wangsu Science stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wangsu Science stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wangsu Science stock over time.
Current vs Lagged Prices |
| Timeline |
Wangsu Science Lagged Returns
When evaluating Wangsu Science's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wangsu Science stock have on its future price. Wangsu Science 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, Wangsu Science autocorrelation shows the relationship between Wangsu Science stock current value and its past values and can show if there is a momentum factor associated with investing in Wangsu Science Tech.
Regressed Prices |
| Timeline |
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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 Wangsu Stock
Wangsu Science financial ratios help investors to determine whether Wangsu 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 Wangsu with respect to the benefits of owning Wangsu Science security.