Porton Fine (China) Market Value
| 300363 Stock | 17.38 0.18 1.05% |
| Symbol | Porton |
Porton Fine '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 Porton Fine'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 Porton Fine.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Porton Fine on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Porton Fine Chemicals or generate 0.0% return on investment in Porton Fine over 30 days. Porton Fine is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Porton Fine is entity of China. It is traded as Stock on SHE exchange. More
Porton Fine 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 Porton Fine'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 Porton Fine Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.36 | |||
| Information Ratio | 0.087 | |||
| Maximum Drawdown | 35.21 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 10.74 |
Porton Fine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Porton Fine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Porton Fine's standard deviation. In reality, there are many statistical measures that can use Porton Fine historical prices to predict the future Porton Fine's volatility.| Risk Adjusted Performance | 0.0934 | |||
| Jensen Alpha | 0.6518 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.1107 | |||
| Treynor Ratio | (1.51) |
Porton Fine Chemicals Backtested Returns
Porton Fine appears to be somewhat reliable, given 3 months investment horizon. Porton Fine Chemicals maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Porton Fine's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please evaluate Porton Fine's Semi Deviation of 3.85, coefficient of variation of 904.29, and Risk Adjusted Performance of 0.0934 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Porton Fine holds a performance score of 12. The company holds a Beta of -0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Porton Fine are expected to decrease at a much lower rate. During the bear market, Porton Fine is likely to outperform the market. Please check Porton Fine's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Porton Fine's historical price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Porton Fine Chemicals has modest reverse predictability. Overlapping area represents the amount of predictability between Porton Fine time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Porton Fine Chemicals price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Porton Fine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 1.58 |
Porton Fine Chemicals lagged returns against current returns
Autocorrelation, which is Porton Fine 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 Porton Fine's stock expected returns. We can calculate the autocorrelation of Porton Fine returns to help us make a trade decision. For example, suppose you find that Porton Fine 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 |
Porton Fine 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 Porton Fine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Porton Fine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Porton Fine stock over time.
Current vs Lagged Prices |
| Timeline |
Porton Fine Lagged Returns
When evaluating Porton Fine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Porton Fine stock have on its future price. Porton Fine 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, Porton Fine autocorrelation shows the relationship between Porton Fine stock current value and its past values and can show if there is a momentum factor associated with investing in Porton Fine Chemicals.
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 Porton Stock
Porton Fine financial ratios help investors to determine whether Porton 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 Porton with respect to the benefits of owning Porton Fine security.