Weihai Guangwei (China) Market Value
| 300699 Stock | 32.60 0.33 1.00% |
| Symbol | Weihai |
Weihai Guangwei '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 Weihai Guangwei'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 Weihai Guangwei.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Weihai Guangwei on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Weihai Guangwei Composites or generate 0.0% return on investment in Weihai Guangwei over 30 days. Weihai Guangwei is related to or competes with Der International, New Hope, Yankershop Food, Juewei Food, DO Home, HaiXin Foods, and Vohringer Home. Weihai Guangwei is entity of China. It is traded as Stock on SHE exchange. More
Weihai Guangwei 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 Weihai Guangwei'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 Weihai Guangwei Composites upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.3 | |||
| Information Ratio | 0.0608 | |||
| Maximum Drawdown | 25.45 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 6.91 |
Weihai Guangwei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weihai Guangwei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weihai Guangwei's standard deviation. In reality, there are many statistical measures that can use Weihai Guangwei historical prices to predict the future Weihai Guangwei's volatility.| Risk Adjusted Performance | 0.0809 | |||
| Jensen Alpha | 0.4135 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0685 | |||
| Treynor Ratio | (0.59) |
Weihai Guangwei Comp Backtested Returns
Weihai Guangwei appears to be not too volatile, given 3 months investment horizon. Weihai Guangwei Comp shows Sharpe Ratio of 0.096, which attests that the company had a 0.096% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Weihai Guangwei Comp, which you can use to evaluate the volatility of the company. Please utilize Weihai Guangwei's Market Risk Adjusted Performance of (0.58), downside deviation of 3.3, and Mean Deviation of 2.48 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Weihai Guangwei holds a performance score of 7. The firm maintains a market beta of -0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Weihai Guangwei are expected to decrease at a much lower rate. During the bear market, Weihai Guangwei is likely to outperform the market. Please check Weihai Guangwei's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Weihai Guangwei's historical returns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
Weihai Guangwei Composites has good reverse predictability. Overlapping area represents the amount of predictability between Weihai Guangwei 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 Weihai Guangwei Comp price movement. The serial correlation of -0.55 indicates that about 55.0% of current Weihai Guangwei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2.38 |
Weihai Guangwei Comp lagged returns against current returns
Autocorrelation, which is Weihai Guangwei 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 Weihai Guangwei's stock expected returns. We can calculate the autocorrelation of Weihai Guangwei returns to help us make a trade decision. For example, suppose you find that Weihai Guangwei 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 |
Weihai Guangwei 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 Weihai Guangwei stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weihai Guangwei stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weihai Guangwei stock over time.
Current vs Lagged Prices |
| Timeline |
Weihai Guangwei Lagged Returns
When evaluating Weihai Guangwei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weihai Guangwei stock have on its future price. Weihai Guangwei 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, Weihai Guangwei autocorrelation shows the relationship between Weihai Guangwei stock current value and its past values and can show if there is a momentum factor associated with investing in Weihai Guangwei Composites.
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 Weihai Stock
Weihai Guangwei financial ratios help investors to determine whether Weihai 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 Weihai with respect to the benefits of owning Weihai Guangwei security.