Hualan Group (China) Market Value
| 301027 Stock | 14.89 0.74 5.23% |
| Symbol | Hualan |
Hualan Group '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 Hualan Group'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 Hualan Group.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Hualan Group on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hualan Group Co or generate 0.0% return on investment in Hualan Group over 180 days. Hualan Group is related to or competes with Hainan Mining, Uroica Mining, Fujian Oriental, Guangdong Silvere, Chenzhou Jingui, Guocheng Mining, and Shanghai CEO. Hualan Group is entity of China. It is traded as Stock on SHE exchange. More
Hualan Group 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 Hualan Group'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 Hualan Group Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.66 | |||
| Information Ratio | 0.1964 | |||
| Maximum Drawdown | 37.1 | |||
| Value At Risk | (6.21) | |||
| Potential Upside | 11.52 |
Hualan Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hualan Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hualan Group's standard deviation. In reality, there are many statistical measures that can use Hualan Group historical prices to predict the future Hualan Group's volatility.| Risk Adjusted Performance | 0.1778 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | 0.29 | |||
| Sortino Ratio | 0.2327 | |||
| Treynor Ratio | 2.94 |
Hualan Group Backtested Returns
Hualan Group is somewhat reliable given 3 months investment horizon. Hualan Group holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.19% are justified by taking the suggested risk. Use Hualan Group Co market risk adjusted performance of 2.95, and Risk Adjusted Performance of 0.1778 to evaluate company specific risk that cannot be diversified away. Hualan Group holds a performance score of 18 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hualan Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hualan Group is expected to be smaller as well. Use Hualan Group Co semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on Hualan Group Co.
Auto-correlation | -0.25 |
Weak reverse predictability
Hualan Group Co has weak reverse predictability. Overlapping area represents the amount of predictability between Hualan Group time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Hualan Group price movement. The serial correlation of -0.25 indicates that over 25.0% of current Hualan Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 5.47 |
Hualan Group lagged returns against current returns
Autocorrelation, which is Hualan Group 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 Hualan Group's stock expected returns. We can calculate the autocorrelation of Hualan Group returns to help us make a trade decision. For example, suppose you find that Hualan Group 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 |
Hualan Group 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 Hualan Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hualan Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hualan Group stock over time.
Current vs Lagged Prices |
| Timeline |
Hualan Group Lagged Returns
When evaluating Hualan Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hualan Group stock have on its future price. Hualan Group 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, Hualan Group autocorrelation shows the relationship between Hualan Group stock current value and its past values and can show if there is a momentum factor associated with investing in Hualan Group 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 Hualan Stock
Hualan Group financial ratios help investors to determine whether Hualan 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 Hualan with respect to the benefits of owning Hualan Group security.