Hangzhou Gaoxin (China) Market Value
| 300478 Stock | 10.11 0.95 8.59% |
| Symbol | Hangzhou |
Hangzhou Gaoxin '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 Hangzhou Gaoxin'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 Hangzhou Gaoxin.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Hangzhou Gaoxin on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hangzhou Gaoxin Rubber or generate 0.0% return on investment in Hangzhou Gaoxin over 30 days. Hangzhou Gaoxin is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Hangzhou Gaoxin is entity of China. It is traded as Stock on SHE exchange. More
Hangzhou Gaoxin 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 Hangzhou Gaoxin'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 Hangzhou Gaoxin Rubber upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.166 | |||
| Maximum Drawdown | 28.77 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 8.0 |
Hangzhou Gaoxin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Gaoxin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Gaoxin's standard deviation. In reality, there are many statistical measures that can use Hangzhou Gaoxin historical prices to predict the future Hangzhou Gaoxin's volatility.| Risk Adjusted Performance | 0.1433 | |||
| Jensen Alpha | 0.7868 | |||
| Total Risk Alpha | 0.3248 | |||
| Sortino Ratio | 0.1828 | |||
| Treynor Ratio | (1.40) |
Hangzhou Gaoxin Rubber Backtested Returns
Hangzhou Gaoxin appears to be slightly risky, given 3 months investment horizon. Hangzhou Gaoxin Rubber holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating Hangzhou Gaoxin's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize Hangzhou Gaoxin's Downside Deviation of 3.67, market risk adjusted performance of (1.39), and Risk Adjusted Performance of 0.1433 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hangzhou Gaoxin holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hangzhou Gaoxin are expected to decrease at a much lower rate. During the bear market, Hangzhou Gaoxin is likely to outperform the market. Please check Hangzhou Gaoxin's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hangzhou Gaoxin's current trending patterns will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Hangzhou Gaoxin Rubber has very weak reverse predictability. Overlapping area represents the amount of predictability between Hangzhou Gaoxin time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th of December 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 Hangzhou Gaoxin Rubber price movement. The serial correlation of -0.03 indicates that only 3.0% of current Hangzhou Gaoxin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Hangzhou Gaoxin Rubber lagged returns against current returns
Autocorrelation, which is Hangzhou Gaoxin 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 Hangzhou Gaoxin's stock expected returns. We can calculate the autocorrelation of Hangzhou Gaoxin returns to help us make a trade decision. For example, suppose you find that Hangzhou Gaoxin 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 |
Hangzhou Gaoxin 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 Hangzhou Gaoxin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Gaoxin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Gaoxin stock over time.
Current vs Lagged Prices |
| Timeline |
Hangzhou Gaoxin Lagged Returns
When evaluating Hangzhou Gaoxin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Gaoxin stock have on its future price. Hangzhou Gaoxin 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, Hangzhou Gaoxin autocorrelation shows the relationship between Hangzhou Gaoxin stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Gaoxin Rubber.
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 Hangzhou Stock
Hangzhou Gaoxin financial ratios help investors to determine whether Hangzhou 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 Hangzhou with respect to the benefits of owning Hangzhou Gaoxin security.