Maccura Biotechnology (China) Market Value
| 300463 Stock | 13.84 0.72 4.95% |
| Symbol | Maccura |
Maccura Biotechnology '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 Maccura Biotechnology'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 Maccura Biotechnology.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Maccura Biotechnology on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Maccura Biotechnology Co or generate 0.0% return on investment in Maccura Biotechnology over 30 days. Maccura Biotechnology is related to or competes with Bloomage Biotechnology, Jinhe Biotechnology, Guangdong Marubi, Guangzhou KingTeller, Kuangda Technology, and Saurer Intelligent. More
Maccura Biotechnology 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 Maccura Biotechnology'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 Maccura Biotechnology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.75 | |||
| Information Ratio | 0.0751 | |||
| Maximum Drawdown | 22.67 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 6.28 |
Maccura Biotechnology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maccura Biotechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maccura Biotechnology's standard deviation. In reality, there are many statistical measures that can use Maccura Biotechnology historical prices to predict the future Maccura Biotechnology's volatility.| Risk Adjusted Performance | 0.0954 | |||
| Jensen Alpha | 0.432 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0907 | |||
| Treynor Ratio | (0.72) |
Maccura Biotechnology Backtested Returns
Maccura Biotechnology appears to be somewhat reliable, given 3 months investment horizon. Maccura Biotechnology has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Maccura Biotechnology, which you can use to evaluate the volatility of the firm. Please exercise Maccura Biotechnology's Mean Deviation of 2.22, downside deviation of 2.75, and Risk Adjusted Performance of 0.0954 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Maccura Biotechnology holds a performance score of 8. The company secures a Beta (Market Risk) of -0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Maccura Biotechnology are expected to decrease at a much lower rate. During the bear market, Maccura Biotechnology is likely to outperform the market. Please check Maccura Biotechnology's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Maccura Biotechnology's current price movements will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Maccura Biotechnology Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Maccura Biotechnology 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 Maccura Biotechnology price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Maccura Biotechnology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Maccura Biotechnology lagged returns against current returns
Autocorrelation, which is Maccura Biotechnology 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 Maccura Biotechnology's stock expected returns. We can calculate the autocorrelation of Maccura Biotechnology returns to help us make a trade decision. For example, suppose you find that Maccura Biotechnology 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 |
Maccura Biotechnology 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 Maccura Biotechnology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maccura Biotechnology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maccura Biotechnology stock over time.
Current vs Lagged Prices |
| Timeline |
Maccura Biotechnology Lagged Returns
When evaluating Maccura Biotechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maccura Biotechnology stock have on its future price. Maccura Biotechnology 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, Maccura Biotechnology autocorrelation shows the relationship between Maccura Biotechnology stock current value and its past values and can show if there is a momentum factor associated with investing in Maccura Biotechnology 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 Maccura Stock
Maccura Biotechnology financial ratios help investors to determine whether Maccura 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 Maccura with respect to the benefits of owning Maccura Biotechnology security.