Wenzhou Hongfeng (China) Market Value
| 300283 Stock | 6.74 0.04 0.60% |
| Symbol | Wenzhou |
Wenzhou Hongfeng '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 Wenzhou Hongfeng'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 Wenzhou Hongfeng.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Wenzhou Hongfeng on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Wenzhou Hongfeng Electrical or generate 0.0% return on investment in Wenzhou Hongfeng over 480 days. Wenzhou Hongfeng is related to or competes with YLZ Information, Xiamen Goldenhome, ButOne Information, Nanxing Furniture, Yonyou Auto, and AVCON Information. Wenzhou Hongfeng is entity of China. It is traded as Stock on SHE exchange. More
Wenzhou Hongfeng 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 Wenzhou Hongfeng'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 Wenzhou Hongfeng Electrical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.72 | |||
| Information Ratio | 0.1507 | |||
| Maximum Drawdown | 23.23 | |||
| Value At Risk | (5.29) | |||
| Potential Upside | 5.98 |
Wenzhou Hongfeng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wenzhou Hongfeng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wenzhou Hongfeng's standard deviation. In reality, there are many statistical measures that can use Wenzhou Hongfeng historical prices to predict the future Wenzhou Hongfeng's volatility.| Risk Adjusted Performance | 0.141 | |||
| Jensen Alpha | 0.7028 | |||
| Total Risk Alpha | 0.0858 | |||
| Sortino Ratio | 0.1514 | |||
| Treynor Ratio | (3.05) |
Wenzhou Hongfeng Ele Backtested Returns
Wenzhou Hongfeng appears to be moderately volatile, given 3 months investment horizon. Wenzhou Hongfeng Ele shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. By examining Wenzhou Hongfeng's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize Wenzhou Hongfeng's Market Risk Adjusted Performance of (3.04), downside deviation of 3.72, and Mean Deviation of 2.64 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wenzhou Hongfeng holds a performance score of 15. The firm maintains a market beta of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wenzhou Hongfeng are expected to decrease at a much lower rate. During the bear market, Wenzhou Hongfeng is likely to outperform the market. Please check Wenzhou Hongfeng's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Wenzhou Hongfeng's historical returns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Wenzhou Hongfeng Electrical has good reverse predictability. Overlapping area represents the amount of predictability between Wenzhou Hongfeng time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 Wenzhou Hongfeng Ele price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Wenzhou Hongfeng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Wenzhou Hongfeng Ele lagged returns against current returns
Autocorrelation, which is Wenzhou Hongfeng 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 Wenzhou Hongfeng's stock expected returns. We can calculate the autocorrelation of Wenzhou Hongfeng returns to help us make a trade decision. For example, suppose you find that Wenzhou Hongfeng 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 |
Wenzhou Hongfeng 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 Wenzhou Hongfeng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wenzhou Hongfeng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wenzhou Hongfeng stock over time.
Current vs Lagged Prices |
| Timeline |
Wenzhou Hongfeng Lagged Returns
When evaluating Wenzhou Hongfeng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wenzhou Hongfeng stock have on its future price. Wenzhou Hongfeng 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, Wenzhou Hongfeng autocorrelation shows the relationship between Wenzhou Hongfeng stock current value and its past values and can show if there is a momentum factor associated with investing in Wenzhou Hongfeng Electrical.
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 Wenzhou Stock
Wenzhou Hongfeng financial ratios help investors to determine whether Wenzhou 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 Wenzhou with respect to the benefits of owning Wenzhou Hongfeng security.