Heren Health (China) Market Value
| 300550 Stock | 14.31 0.18 1.27% |
| Symbol | Heren |
Heren Health '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 Heren Health'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 Heren Health.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Heren Health on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Heren Health Co or generate 0.0% return on investment in Heren Health over 30 days. Heren Health is related to or competes with Huafa Industrial, GreenTech Environmental, Eit Environmental, Xinjiang Baodi, Shenzhen MYS, Gansu Jiu, and Gem Year. Heren Health is entity of China. It is traded as Stock on SHE exchange. More
Heren Health 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 Heren Health'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 Heren Health Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.06 | |||
| Information Ratio | 0.0804 | |||
| Maximum Drawdown | 29.07 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 6.34 |
Heren Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heren Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heren Health's standard deviation. In reality, there are many statistical measures that can use Heren Health historical prices to predict the future Heren Health's volatility.| Risk Adjusted Performance | 0.0923 | |||
| Jensen Alpha | 0.54 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0861 | |||
| Treynor Ratio | (0.78) |
Heren Health Backtested Returns
Heren Health appears to be somewhat reliable, given 3 months investment horizon. Heren Health holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Heren Health's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please utilize Heren Health's Risk Adjusted Performance of 0.0923, downside deviation of 4.06, and Market Risk Adjusted Performance of (0.77) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Heren Health holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Heren Health are expected to decrease at a much lower rate. During the bear market, Heren Health is likely to outperform the market. Please check Heren Health's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Heren Health's current trending patterns will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Heren Health Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Heren Health time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Heren Health price movement. The serial correlation of -0.8 indicates that around 80.0% of current Heren Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Heren Health lagged returns against current returns
Autocorrelation, which is Heren Health 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 Heren Health's stock expected returns. We can calculate the autocorrelation of Heren Health returns to help us make a trade decision. For example, suppose you find that Heren Health 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 |
Heren Health 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 Heren Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heren Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heren Health stock over time.
Current vs Lagged Prices |
| Timeline |
Heren Health Lagged Returns
When evaluating Heren Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heren Health stock have on its future price. Heren Health 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, Heren Health autocorrelation shows the relationship between Heren Health stock current value and its past values and can show if there is a momentum factor associated with investing in Heren Health 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 Heren Stock
Heren Health financial ratios help investors to determine whether Heren 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 Heren with respect to the benefits of owning Heren Health security.