Hubei Dinglong (China) Market Value
| 300054 Stock | 26.59 0.52 1.92% |
| Symbol | Hubei |
Hubei Dinglong '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 Hubei Dinglong'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 Hubei Dinglong.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hubei Dinglong on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hubei Dinglong Chemical or generate 0.0% return on investment in Hubei Dinglong over 30 days. Hubei Dinglong is related to or competes with Zijin Mining, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. Hubei Dinglong is entity of China. It is traded as Stock on SHE exchange. More
Hubei Dinglong 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 Hubei Dinglong'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 Hubei Dinglong Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.111 | |||
| Maximum Drawdown | 22.72 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 5.69 |
Hubei Dinglong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hubei Dinglong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hubei Dinglong's standard deviation. In reality, there are many statistical measures that can use Hubei Dinglong historical prices to predict the future Hubei Dinglong's volatility.| Risk Adjusted Performance | 0.1196 | |||
| Jensen Alpha | 0.5084 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1631 | |||
| Treynor Ratio | 3.74 |
Hubei Dinglong Chemical Backtested Returns
Hubei Dinglong appears to be not too volatile, given 3 months investment horizon. Hubei Dinglong Chemical 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 Hubei Dinglong's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize Hubei Dinglong's Market Risk Adjusted Performance of 3.75, downside deviation of 2.49, and Risk Adjusted Performance of 0.1196 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hubei Dinglong holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hubei Dinglong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hubei Dinglong is expected to be smaller as well. Please check Hubei Dinglong's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Hubei Dinglong's current trending patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Hubei Dinglong Chemical has poor reverse predictability. Overlapping area represents the amount of predictability between Hubei Dinglong time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Hubei Dinglong Chemical price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Hubei Dinglong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1.55 |
Hubei Dinglong Chemical lagged returns against current returns
Autocorrelation, which is Hubei Dinglong 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 Hubei Dinglong's stock expected returns. We can calculate the autocorrelation of Hubei Dinglong returns to help us make a trade decision. For example, suppose you find that Hubei Dinglong 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 |
Hubei Dinglong 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 Hubei Dinglong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hubei Dinglong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hubei Dinglong stock over time.
Current vs Lagged Prices |
| Timeline |
Hubei Dinglong Lagged Returns
When evaluating Hubei Dinglong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hubei Dinglong stock have on its future price. Hubei Dinglong 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, Hubei Dinglong autocorrelation shows the relationship between Hubei Dinglong stock current value and its past values and can show if there is a momentum factor associated with investing in Hubei Dinglong Chemical.
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 Hubei Stock
Hubei Dinglong financial ratios help investors to determine whether Hubei 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 Hubei with respect to the benefits of owning Hubei Dinglong security.