Marssenger Kitchenware (China) Market Value
| 300894 Stock | 13.81 0.29 2.14% |
| Symbol | Marssenger |
Marssenger Kitchenware '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 Marssenger Kitchenware'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 Marssenger Kitchenware.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Marssenger Kitchenware on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Marssenger Kitchenware Co or generate 0.0% return on investment in Marssenger Kitchenware over 30 days. Marssenger Kitchenware is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Marssenger Kitchenware is entity of China More
Marssenger Kitchenware 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 Marssenger Kitchenware'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 Marssenger Kitchenware Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.07 | |||
| Information Ratio | 0.0226 | |||
| Maximum Drawdown | 32.79 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 7.54 |
Marssenger Kitchenware Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marssenger Kitchenware's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marssenger Kitchenware's standard deviation. In reality, there are many statistical measures that can use Marssenger Kitchenware historical prices to predict the future Marssenger Kitchenware's volatility.| Risk Adjusted Performance | 0.0485 | |||
| Jensen Alpha | 0.2905 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0243 | |||
| Treynor Ratio | (0.37) |
Marssenger Kitchenware Backtested Returns
Marssenger Kitchenware appears to be somewhat reliable, given 3 months investment horizon. Marssenger Kitchenware has Sharpe Ratio of 0.0838, which conveys that the firm had a 0.0838% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Marssenger Kitchenware, which you can use to evaluate the volatility of the firm. Please exercise Marssenger Kitchenware's Downside Deviation of 4.07, risk adjusted performance of 0.0485, and Mean Deviation of 3.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Marssenger Kitchenware holds a performance score of 6. The company secures a Beta (Market Risk) of -0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Marssenger Kitchenware are expected to decrease at a much lower rate. During the bear market, Marssenger Kitchenware is likely to outperform the market. Please check Marssenger Kitchenware's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Marssenger Kitchenware's current price movements will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Marssenger Kitchenware Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Marssenger Kitchenware time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Marssenger Kitchenware price movement. The serial correlation of -0.17 indicates that over 17.0% of current Marssenger Kitchenware price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Marssenger Kitchenware lagged returns against current returns
Autocorrelation, which is Marssenger Kitchenware 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 Marssenger Kitchenware's stock expected returns. We can calculate the autocorrelation of Marssenger Kitchenware returns to help us make a trade decision. For example, suppose you find that Marssenger Kitchenware 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 |
Marssenger Kitchenware 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 Marssenger Kitchenware stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marssenger Kitchenware stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marssenger Kitchenware stock over time.
Current vs Lagged Prices |
| Timeline |
Marssenger Kitchenware Lagged Returns
When evaluating Marssenger Kitchenware's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marssenger Kitchenware stock have on its future price. Marssenger Kitchenware 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, Marssenger Kitchenware autocorrelation shows the relationship between Marssenger Kitchenware stock current value and its past values and can show if there is a momentum factor associated with investing in Marssenger Kitchenware 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 Marssenger Stock
Marssenger Kitchenware financial ratios help investors to determine whether Marssenger 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 Marssenger with respect to the benefits of owning Marssenger Kitchenware security.