Malion New (China) Market Value
| 300586 Stock | 8.15 0.31 3.66% |
| Symbol | Malion |
Malion New '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 Malion New'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 Malion New.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Malion New on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Malion New Materials or generate 0.0% return on investment in Malion New over 30 days. Malion New is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Malion New is entity of China. It is traded as Stock on SHE exchange. More
Malion New 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 Malion New'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 Malion New Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.2 | |||
| Information Ratio | 0.128 | |||
| Maximum Drawdown | 29.03 | |||
| Value At Risk | (4.43) | |||
| Potential Upside | 7.66 |
Malion New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Malion New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Malion New's standard deviation. In reality, there are many statistical measures that can use Malion New historical prices to predict the future Malion New's volatility.| Risk Adjusted Performance | 0.129 | |||
| Jensen Alpha | 0.7524 | |||
| Total Risk Alpha | 0.0021 | |||
| Sortino Ratio | 0.1305 | |||
| Treynor Ratio | (0.93) |
Malion New Materials Backtested Returns
Malion New appears to be moderately volatile, given 3 months investment horizon. Malion New Materials has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Malion New's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please exercise Malion New's Mean Deviation of 2.99, risk adjusted performance of 0.129, and Downside Deviation of 4.2 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Malion New holds a performance score of 11. The company secures a Beta (Market Risk) of -0.72, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Malion New are expected to decrease at a much lower rate. During the bear market, Malion New is likely to outperform the market. Please check Malion New's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Malion New's current price movements will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Malion New Materials has weak reverse predictability. Overlapping area represents the amount of predictability between Malion New time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Malion New Materials price movement. The serial correlation of -0.21 indicates that over 21.0% of current Malion New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Malion New Materials lagged returns against current returns
Autocorrelation, which is Malion New 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 Malion New's stock expected returns. We can calculate the autocorrelation of Malion New returns to help us make a trade decision. For example, suppose you find that Malion New 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 |
Malion New 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 Malion New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Malion New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Malion New stock over time.
Current vs Lagged Prices |
| Timeline |
Malion New Lagged Returns
When evaluating Malion New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Malion New stock have on its future price. Malion New 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, Malion New autocorrelation shows the relationship between Malion New stock current value and its past values and can show if there is a momentum factor associated with investing in Malion New Materials.
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 Malion Stock
Malion New financial ratios help investors to determine whether Malion 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 Malion with respect to the benefits of owning Malion New security.