Penyao Environmental (China) Market Value
| 300664 Stock | 5.50 0.19 3.58% |
| Symbol | Penyao |
Penyao Environmental '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 Penyao Environmental'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 Penyao Environmental.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Penyao Environmental on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Penyao Environmental Protection or generate 0.0% return on investment in Penyao Environmental over 720 days. Penyao Environmental is related to or competes with Kweichow Moutai, Shenzhen Mindray, G Bits, Shenzhen Transsion, Beijing Roborock, Luzhou Lao, and Central China. Penyao Environmental is entity of China. It is traded as Stock on SHE exchange. More
Penyao Environmental 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 Penyao Environmental'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 Penyao Environmental Protection upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 0.0911 | |||
| Maximum Drawdown | 21.75 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 4.14 |
Penyao Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Penyao Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Penyao Environmental's standard deviation. In reality, there are many statistical measures that can use Penyao Environmental historical prices to predict the future Penyao Environmental's volatility.| Risk Adjusted Performance | 0.1127 | |||
| Jensen Alpha | 0.3729 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0947 | |||
| Treynor Ratio | 9.04 |
Penyao Environmental Backtested Returns
Penyao Environmental appears to be slightly risky, given 3 months investment horizon. Penyao Environmental maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Penyao Environmental's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please evaluate Penyao Environmental's Coefficient Of Variation of 727.39, risk adjusted performance of 0.1127, and Semi Deviation of 2.33 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Penyao Environmental holds a performance score of 13. The company holds a Beta of 0.0418, which implies not very significant fluctuations relative to the market. As returns on the market increase, Penyao Environmental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Penyao Environmental is expected to be smaller as well. Please check Penyao Environmental's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Penyao Environmental's historical price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Penyao Environmental Protection has modest reverse predictability. Overlapping area represents the amount of predictability between Penyao Environmental time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Penyao Environmental price movement. The serial correlation of -0.46 indicates that about 46.0% of current Penyao Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Penyao Environmental lagged returns against current returns
Autocorrelation, which is Penyao Environmental 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 Penyao Environmental's stock expected returns. We can calculate the autocorrelation of Penyao Environmental returns to help us make a trade decision. For example, suppose you find that Penyao Environmental 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 |
Penyao Environmental 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 Penyao Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Penyao Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Penyao Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
Penyao Environmental Lagged Returns
When evaluating Penyao Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Penyao Environmental stock have on its future price. Penyao Environmental 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, Penyao Environmental autocorrelation shows the relationship between Penyao Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Penyao Environmental Protection.
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 Penyao Stock
Penyao Environmental financial ratios help investors to determine whether Penyao 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 Penyao with respect to the benefits of owning Penyao Environmental security.