Hengerda New (China) Market Value
| 300946 Stock | 29.93 0.27 0.89% |
| Symbol | Hengerda |
Hengerda 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 Hengerda 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 Hengerda New.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Hengerda New on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Hengerda New Materials or generate 0.0% return on investment in Hengerda New over 30 days. Hengerda New is related to or competes with Agricultural Bank, Industrial, Bank of China, PetroChina, and Postal Savings. Hengerda New is entity of China. It is traded as Stock on SHE exchange. More
Hengerda 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 Hengerda 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 Hengerda New Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.36 | |||
| Information Ratio | 0.089 | |||
| Maximum Drawdown | 26.3 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 5.07 |
Hengerda New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hengerda New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hengerda New's standard deviation. In reality, there are many statistical measures that can use Hengerda New historical prices to predict the future Hengerda New's volatility.| Risk Adjusted Performance | 0.0973 | |||
| Jensen Alpha | 0.4645 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.095 | |||
| Treynor Ratio | (1.60) |
Hengerda New Materials Backtested Returns
Hengerda New appears to be not too volatile, given 3 months investment horizon. Hengerda New Materials holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. By evaluating Hengerda New's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Hengerda New's Risk Adjusted Performance of 0.0973, downside deviation of 3.36, and Market Risk Adjusted Performance of (1.59) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hengerda New holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hengerda New are expected to decrease at a much lower rate. During the bear market, Hengerda New is likely to outperform the market. Please check Hengerda New's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hengerda New's current trending patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Hengerda New Materials has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hengerda New time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Hengerda New Materials price movement. The serial correlation of -0.76 indicates that around 76.0% of current Hengerda New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 1.27 |
Hengerda New Materials lagged returns against current returns
Autocorrelation, which is Hengerda 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 Hengerda New's stock expected returns. We can calculate the autocorrelation of Hengerda New returns to help us make a trade decision. For example, suppose you find that Hengerda 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 |
Hengerda 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 Hengerda New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hengerda New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hengerda New stock over time.
Current vs Lagged Prices |
| Timeline |
Hengerda New Lagged Returns
When evaluating Hengerda New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hengerda New stock have on its future price. Hengerda 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, Hengerda New autocorrelation shows the relationship between Hengerda New stock current value and its past values and can show if there is a momentum factor associated with investing in Hengerda 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 Hengerda Stock
Hengerda New financial ratios help investors to determine whether Hengerda 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 Hengerda with respect to the benefits of owning Hengerda New security.