HUANLEJIA Food (China) Market Value
| 300997 Stock | 22.09 3.68 19.99% |
| Symbol | HUANLEJIA |
HUANLEJIA Food '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 HUANLEJIA Food'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 HUANLEJIA Food.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in HUANLEJIA Food on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding HUANLEJIA Food Group or generate 0.0% return on investment in HUANLEJIA Food over 30 days. HUANLEJIA Food is related to or competes with China Mobile, Agricultural Bank, Industrial, China State, China Construction, PetroChina, and China Petroleum. HUANLEJIA Food is entity of China. It is traded as Stock on SHE exchange. More
HUANLEJIA Food 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 HUANLEJIA Food'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 HUANLEJIA Food Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.02 | |||
| Information Ratio | 0.1945 | |||
| Maximum Drawdown | 34.66 | |||
| Value At Risk | (4.83) | |||
| Potential Upside | 14.02 |
HUANLEJIA Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HUANLEJIA Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HUANLEJIA Food's standard deviation. In reality, there are many statistical measures that can use HUANLEJIA Food historical prices to predict the future HUANLEJIA Food's volatility.| Risk Adjusted Performance | 0.1731 | |||
| Jensen Alpha | 1.23 | |||
| Total Risk Alpha | 0.3849 | |||
| Sortino Ratio | 0.291 | |||
| Treynor Ratio | 2.47 |
HUANLEJIA Food Group Backtested Returns
HUANLEJIA Food is somewhat reliable given 3 months investment horizon. HUANLEJIA Food Group retains Efficiency (Sharpe Ratio) of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.58% are justified by taking the suggested risk. Use HUANLEJIA Food Group Semi Deviation of 3.3, coefficient of variation of 464.71, and Market Risk Adjusted Performance of 2.48 to evaluate company specific risk that cannot be diversified away. HUANLEJIA Food holds a performance score of 19 on a scale of zero to a hundred. The company owns a Beta (Systematic Risk) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HUANLEJIA Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding HUANLEJIA Food is expected to be smaller as well. Use HUANLEJIA Food Group semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on HUANLEJIA Food Group.
Auto-correlation | -0.58 |
Good reverse predictability
HUANLEJIA Food Group has good reverse predictability. Overlapping area represents the amount of predictability between HUANLEJIA Food time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 HUANLEJIA Food Group price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current HUANLEJIA Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 8.48 |
HUANLEJIA Food Group lagged returns against current returns
Autocorrelation, which is HUANLEJIA Food 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 HUANLEJIA Food's stock expected returns. We can calculate the autocorrelation of HUANLEJIA Food returns to help us make a trade decision. For example, suppose you find that HUANLEJIA Food 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 |
HUANLEJIA Food 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 HUANLEJIA Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HUANLEJIA Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HUANLEJIA Food stock over time.
Current vs Lagged Prices |
| Timeline |
HUANLEJIA Food Lagged Returns
When evaluating HUANLEJIA Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HUANLEJIA Food stock have on its future price. HUANLEJIA Food 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, HUANLEJIA Food autocorrelation shows the relationship between HUANLEJIA Food stock current value and its past values and can show if there is a momentum factor associated with investing in HUANLEJIA Food Group.
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 HUANLEJIA Stock
HUANLEJIA Food financial ratios help investors to determine whether HUANLEJIA 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 HUANLEJIA with respect to the benefits of owning HUANLEJIA Food security.