Zhonghang Electronic (China) Market Value
| 300114 Stock | 68.53 0.57 0.84% |
| Symbol | Zhonghang |
Zhonghang Electronic '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 Zhonghang Electronic'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 Zhonghang Electronic.
| 02/04/2023 |
| 01/24/2025 |
If you would invest 0.00 in Zhonghang Electronic on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Zhonghang Electronic Measuring or generate 0.0% return on investment in Zhonghang Electronic over 720 days. Zhonghang Electronic is related to or competes with Agricultural Bank, Industrial, Bank of China, PetroChina, China Petroleum, Postal Savings, and China Telecom. Zhonghang Electronic is entity of China. It is traded as Stock on SHE exchange. More
Zhonghang Electronic 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 Zhonghang Electronic'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 Zhonghang Electronic Measuring upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 20.35 | |||
| Value At Risk | (6.32) | |||
| Potential Upside | 5.55 |
Zhonghang Electronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhonghang Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhonghang Electronic's standard deviation. In reality, there are many statistical measures that can use Zhonghang Electronic historical prices to predict the future Zhonghang Electronic's volatility.| Risk Adjusted Performance | 0.0063 | |||
| Jensen Alpha | (0.0005) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.0465 |
Zhonghang Electronic Backtested Returns
At this point, Zhonghang Electronic is very steady. Zhonghang Electronic shows Sharpe Ratio of close to zero, which attests that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Zhonghang Electronic, which you can use to evaluate the volatility of the company. Please check out Zhonghang Electronic's Standard Deviation of 3.92, market risk adjusted performance of 0.0565, and Mean Deviation of 3.09 to validate if the risk estimate we provide is consistent with the expected return of 0.0078%. The firm maintains a market beta of -0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhonghang Electronic are expected to decrease at a much lower rate. During the bear market, Zhonghang Electronic is likely to outperform the market. Zhonghang Electronic right now maintains a risk of 3.96%. Please check out Zhonghang Electronic standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Zhonghang Electronic will be following its historical returns.
Auto-correlation | -0.29 |
Weak reverse predictability
Zhonghang Electronic Measuring has weak reverse predictability. Overlapping area represents the amount of predictability between Zhonghang Electronic time series from 4th of February 2023 to 30th of January 2024 and 30th of January 2024 to 24th of January 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 Zhonghang Electronic price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Zhonghang Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 205.44 |
Zhonghang Electronic lagged returns against current returns
Autocorrelation, which is Zhonghang Electronic 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 Zhonghang Electronic's stock expected returns. We can calculate the autocorrelation of Zhonghang Electronic returns to help us make a trade decision. For example, suppose you find that Zhonghang Electronic 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 |
Zhonghang Electronic 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 Zhonghang Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhonghang Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhonghang Electronic stock over time.
Current vs Lagged Prices |
| Timeline |
Zhonghang Electronic Lagged Returns
When evaluating Zhonghang Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhonghang Electronic stock have on its future price. Zhonghang Electronic 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, Zhonghang Electronic autocorrelation shows the relationship between Zhonghang Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Zhonghang Electronic Measuring.
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 Zhonghang Stock
Zhonghang Electronic financial ratios help investors to determine whether Zhonghang 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 Zhonghang with respect to the benefits of owning Zhonghang Electronic security.