Uroica Mining (China) Market Value
| 300099 Stock | 6.32 0.23 3.51% |
| Symbol | Uroica |
Uroica Mining '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 Uroica Mining'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 Uroica Mining.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Uroica Mining on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Uroica Mining Safety or generate 0.0% return on investment in Uroica Mining over 570 days. Uroica Mining is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Uroica Mining is entity of China. It is traded as Stock on SHE exchange. More
Uroica Mining 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 Uroica Mining'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 Uroica Mining Safety upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.96 | |||
| Information Ratio | 0.106 | |||
| Maximum Drawdown | 27.46 | |||
| Value At Risk | (6.21) | |||
| Potential Upside | 5.48 |
Uroica Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Uroica Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Uroica Mining's standard deviation. In reality, there are many statistical measures that can use Uroica Mining historical prices to predict the future Uroica Mining's volatility.| Risk Adjusted Performance | 0.1134 | |||
| Jensen Alpha | 0.5644 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1084 | |||
| Treynor Ratio | (3.99) |
Uroica Mining Safety Backtested Returns
Uroica Mining appears to be relatively risky, given 3 months investment horizon. Uroica Mining Safety owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Uroica Mining's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please review Uroica Mining's Risk Adjusted Performance of 0.1134, coefficient of variation of 726.12, and Semi Deviation of 3.42 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Uroica Mining holds a performance score of 11. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Uroica Mining are expected to decrease at a much lower rate. During the bear market, Uroica Mining is likely to outperform the market. Please check Uroica Mining's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Uroica Mining's existing price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Uroica Mining Safety has modest reverse predictability. Overlapping area represents the amount of predictability between Uroica Mining time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 Uroica Mining Safety price movement. The serial correlation of -0.48 indicates that about 48.0% of current Uroica Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Uroica Mining Safety lagged returns against current returns
Autocorrelation, which is Uroica Mining 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 Uroica Mining's stock expected returns. We can calculate the autocorrelation of Uroica Mining returns to help us make a trade decision. For example, suppose you find that Uroica Mining 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 |
Uroica Mining 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 Uroica Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Uroica Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Uroica Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Uroica Mining Lagged Returns
When evaluating Uroica Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Uroica Mining stock have on its future price. Uroica Mining 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, Uroica Mining autocorrelation shows the relationship between Uroica Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Uroica Mining Safety.
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 Uroica Stock
Uroica Mining financial ratios help investors to determine whether Uroica 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 Uroica with respect to the benefits of owning Uroica Mining security.