Dirui Industrial (China) Market Value
| 300396 Stock | 15.63 0.92 5.56% |
| Symbol | Dirui |
Dirui Industrial '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 Dirui Industrial'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 Dirui Industrial.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Dirui Industrial on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Dirui Industrial Co or generate 0.0% return on investment in Dirui Industrial over 720 days. Dirui Industrial is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, Ping An, China Mobile, and Shanghai Pudong. Dirui Industrial is entity of China. It is traded as Stock on SHE exchange. More
Dirui Industrial 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 Dirui Industrial'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 Dirui Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.22 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 32.32 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.05 |
Dirui Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dirui Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dirui Industrial's standard deviation. In reality, there are many statistical measures that can use Dirui Industrial historical prices to predict the future Dirui Industrial's volatility.| Risk Adjusted Performance | 0.0122 | |||
| Jensen Alpha | 0.0337 | |||
| Total Risk Alpha | (0.67) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.07) |
Dirui Industrial Backtested Returns
Dirui Industrial appears to be somewhat reliable, given 3 months investment horizon. Dirui Industrial secures Sharpe Ratio (or Efficiency) of 0.0685, which denotes the company had a 0.0685% return per unit of risk over the last 3 months. We have found thirty technical indicators for Dirui Industrial Co, which you can use to evaluate the volatility of the firm. Please utilize Dirui Industrial's Mean Deviation of 2.86, downside deviation of 4.22, and Coefficient Of Variation of 19296.95 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dirui Industrial holds a performance score of 5. The firm shows a Beta (market volatility) of -0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dirui Industrial are expected to decrease at a much lower rate. During the bear market, Dirui Industrial is likely to outperform the market. Please check Dirui Industrial's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Dirui Industrial's price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Dirui Industrial Co has below average predictability. Overlapping area represents the amount of predictability between Dirui Industrial time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Dirui Industrial price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Dirui Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 26.96 |
Dirui Industrial lagged returns against current returns
Autocorrelation, which is Dirui Industrial 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 Dirui Industrial's stock expected returns. We can calculate the autocorrelation of Dirui Industrial returns to help us make a trade decision. For example, suppose you find that Dirui Industrial 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 |
Dirui Industrial 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 Dirui Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dirui Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dirui Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Dirui Industrial Lagged Returns
When evaluating Dirui Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dirui Industrial stock have on its future price. Dirui Industrial 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, Dirui Industrial autocorrelation shows the relationship between Dirui Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Dirui Industrial Co.
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 Dirui Stock
Dirui Industrial financial ratios help investors to determine whether Dirui 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 Dirui with respect to the benefits of owning Dirui Industrial security.