Wintao Communications (China) Market Value
| 301139 Stock | 24.38 0.42 1.75% |
| Symbol | Wintao |
Wintao Communications '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 Wintao Communications' 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 Wintao Communications.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Wintao Communications on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Wintao Communications Co or generate 0.0% return on investment in Wintao Communications over 720 days. Wintao Communications is related to or competes with Gansu Jiu, Ming Yang, Aba Chemicals, Loctek Ergonomic, Queclink Wireless, Changchun Faway, and Shandong Ruifeng. Wintao Communications is entity of China More
Wintao Communications 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 Wintao Communications' 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 Wintao Communications Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.8 | |||
| Information Ratio | 0.0762 | |||
| Maximum Drawdown | 27.63 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 5.19 |
Wintao Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wintao Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wintao Communications' standard deviation. In reality, there are many statistical measures that can use Wintao Communications historical prices to predict the future Wintao Communications' volatility.| Risk Adjusted Performance | 0.094 | |||
| Jensen Alpha | 0.423 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0761 | |||
| Treynor Ratio | (8.33) |
Wintao Communications Backtested Returns
Wintao Communications appears to be somewhat reliable, given 3 months investment horizon. Wintao Communications shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wintao Communications, which you can use to evaluate the volatility of the company. Please utilize Wintao Communications' Downside Deviation of 3.8, mean deviation of 2.63, and Market Risk Adjusted Performance of (8.32) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wintao Communications holds a performance score of 8. The firm maintains a market beta of -0.05, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wintao Communications are expected to decrease at a much lower rate. During the bear market, Wintao Communications is likely to outperform the market. Please check Wintao Communications' 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 Wintao Communications' historical returns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Wintao Communications Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Wintao Communications time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Wintao Communications price movement. The serial correlation of -0.16 indicates that over 16.0% of current Wintao Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 20.47 |
Wintao Communications lagged returns against current returns
Autocorrelation, which is Wintao Communications 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 Wintao Communications' stock expected returns. We can calculate the autocorrelation of Wintao Communications returns to help us make a trade decision. For example, suppose you find that Wintao Communications 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 |
Wintao Communications 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 Wintao Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wintao Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wintao Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Wintao Communications Lagged Returns
When evaluating Wintao Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wintao Communications stock have on its future price. Wintao Communications 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, Wintao Communications autocorrelation shows the relationship between Wintao Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Wintao Communications 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 Wintao Stock
Wintao Communications financial ratios help investors to determine whether Wintao 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 Wintao with respect to the benefits of owning Wintao Communications security.