East Money (China) Market Value
| 300059 Stock | 26.41 1.27 5.05% |
| Symbol | East |
East Money '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 East Money'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 East Money.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in East Money on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding East Money Information or generate 0.0% return on investment in East Money over 180 days. East Money is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, BYD Co, Beijing Roborock, Anhui Gujing, and Shenzhen Mindray. East Money is entity of China. It is traded as Stock on SHE exchange. More
East Money 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 East Money'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 East Money Information upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.14 | |||
| Information Ratio | 0.2175 | |||
| Maximum Drawdown | 37.47 | |||
| Value At Risk | (5.44) | |||
| Potential Upside | 15.33 |
East Money Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for East Money's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as East Money's standard deviation. In reality, there are many statistical measures that can use East Money historical prices to predict the future East Money's volatility.| Risk Adjusted Performance | 0.1908 | |||
| Jensen Alpha | 1.57 | |||
| Total Risk Alpha | 0.5009 | |||
| Sortino Ratio | 0.3333 | |||
| Treynor Ratio | (2.73) |
East Money Information Backtested Returns
East Money is somewhat reliable given 3 months investment horizon. East Money Information secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the company had a 0.26% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.75% are justified by taking the suggested risk. Use East Money Mean Deviation of 4.15, coefficient of variation of 420.01, and Downside Deviation of 4.14 to evaluate company specific risk that cannot be diversified away. East Money holds a performance score of 20 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.55, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning East Money are expected to decrease at a much lower rate. During the bear market, East Money is likely to outperform the market. Use East Money standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on East Money.
Auto-correlation | -0.83 |
Excellent reverse predictability
East Money Information has excellent reverse predictability. Overlapping area represents the amount of predictability between East Money time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 East Money Information price movement. The serial correlation of -0.83 indicates that around 83.0% of current East Money price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 44.98 |
East Money Information lagged returns against current returns
Autocorrelation, which is East Money 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 East Money's stock expected returns. We can calculate the autocorrelation of East Money returns to help us make a trade decision. For example, suppose you find that East Money 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 |
East Money 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 East Money stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if East Money stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in East Money stock over time.
Current vs Lagged Prices |
| Timeline |
East Money Lagged Returns
When evaluating East Money's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of East Money stock have on its future price. East Money 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, East Money autocorrelation shows the relationship between East Money stock current value and its past values and can show if there is a momentum factor associated with investing in East Money Information.
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 East Stock
East Money financial ratios help investors to determine whether East 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 East with respect to the benefits of owning East Money security.