Hubei Forbon (China) Market Value
| 300387 Stock | 8.07 0.50 5.83% |
| Symbol | Hubei |
Hubei Forbon '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 Hubei Forbon'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 Hubei Forbon.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Hubei Forbon on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hubei Forbon Technology or generate 0.0% return on investment in Hubei Forbon over 30 days. Hubei Forbon is related to or competes with Huitong Construction, Ningbo Construction, Spring Airlines, Zhejiang Yayi, Shantui Construction, Guangdong Jingyi, and Shanghai Yanpu. Hubei Forbon is entity of China. It is traded as Stock on SHE exchange. More
Hubei Forbon 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 Hubei Forbon'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 Hubei Forbon Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.23 | |||
| Information Ratio | 0.1354 | |||
| Maximum Drawdown | 26.11 | |||
| Value At Risk | (3.90) | |||
| Potential Upside | 5.89 |
Hubei Forbon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hubei Forbon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hubei Forbon's standard deviation. In reality, there are many statistical measures that can use Hubei Forbon historical prices to predict the future Hubei Forbon's volatility.| Risk Adjusted Performance | 0.1345 | |||
| Jensen Alpha | 0.6048 | |||
| Total Risk Alpha | 0.1172 | |||
| Sortino Ratio | 0.1499 | |||
| Treynor Ratio | (2.78) |
Hubei Forbon Technology Backtested Returns
Hubei Forbon appears to be slightly risky, given 3 months investment horizon. Hubei Forbon Technology holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hubei Forbon Technology, which you can use to evaluate the volatility of the firm. Please utilize Hubei Forbon's Downside Deviation of 3.23, market risk adjusted performance of (2.77), and Risk Adjusted Performance of 0.1345 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hubei Forbon holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hubei Forbon are expected to decrease at a much lower rate. During the bear market, Hubei Forbon is likely to outperform the market. Please check Hubei Forbon's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Hubei Forbon's current trending patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Hubei Forbon Technology has good predictability. Overlapping area represents the amount of predictability between Hubei Forbon time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Hubei Forbon Technology price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Hubei Forbon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Hubei Forbon Technology lagged returns against current returns
Autocorrelation, which is Hubei Forbon 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 Hubei Forbon's stock expected returns. We can calculate the autocorrelation of Hubei Forbon returns to help us make a trade decision. For example, suppose you find that Hubei Forbon 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 |
Hubei Forbon 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 Hubei Forbon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hubei Forbon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hubei Forbon stock over time.
Current vs Lagged Prices |
| Timeline |
Hubei Forbon Lagged Returns
When evaluating Hubei Forbon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hubei Forbon stock have on its future price. Hubei Forbon 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, Hubei Forbon autocorrelation shows the relationship between Hubei Forbon stock current value and its past values and can show if there is a momentum factor associated with investing in Hubei Forbon Technology.
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 Hubei Stock
Hubei Forbon financial ratios help investors to determine whether Hubei 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 Hubei with respect to the benefits of owning Hubei Forbon security.