Hubei Forbon's market value is the price at which a share of Hubei Forbon trades on a public exchange. It measures the collective expectations of Hubei Forbon Technology investors about its performance. Hubei Forbon is trading at 8.19 as of the 19th of January 2025, a 1.24 percent increase since the beginning of the trading day. The stock's open price was 8.09. With this module, you can estimate the performance of a buy and hold strategy of Hubei Forbon Technology and determine expected loss or profit from investing in Hubei Forbon over a given investment horizon. Check out Hubei Forbon Correlation, Hubei Forbon Volatility and Hubei Forbon Alpha and Beta module to complement your research on Hubei Forbon.
Please note, there is a significant difference between Hubei Forbon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hubei Forbon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hubei Forbon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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12/20/2024
No Change 0.00
0.0
In 31 days
01/19/2025
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If you would invest 0.00 in Hubei Forbon on December 20, 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 Jilin Jlu, Dymatic Chemicals, Shandong Rike, Shenzhen Noposion, State Grid, Shenyang Chemical, and Yangmei Chemical. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hubei Forbon. Your research has to be compared to or analyzed against Hubei Forbon's peers to derive any actionable benefits. When done correctly, Hubei Forbon's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hubei Forbon Technology.
Hubei Forbon Technology Backtested Returns
At this point, Hubei Forbon is slightly risky. Hubei Forbon Technology holds Efficiency (Sharpe) Ratio of 0.0293, which attests that the entity had a 0.0293% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hubei Forbon Technology, which you can use to evaluate the volatility of the firm. Please check out Hubei Forbon's Downside Deviation of 3.28, risk adjusted performance of 0.0473, and Market Risk Adjusted Performance of 0.3025 to validate if the risk estimate we provide is consistent with the expected return of 0.0949%. Hubei Forbon has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hubei Forbon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hubei Forbon is expected to be smaller as well. Hubei Forbon Technology right now retains a risk of 3.24%. Please check out Hubei Forbon downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Hubei Forbon will be following its current trending patterns.
Auto-correlation
-0.73
Almost perfect reverse predictability
Hubei Forbon Technology has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hubei Forbon time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th 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 Hubei Forbon Technology price movement. The serial correlation of -0.73 indicates that around 73.0% of current Hubei Forbon price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.73
Spearman Rank Test
-0.78
Residual Average
0.0
Price Variance
0.04
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
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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
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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.
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.