PharmaResources (China) Market Value
| 301230 Stock | 27.35 0.35 1.30% |
| Symbol | PharmaResources |
PharmaResources '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 PharmaResources' 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 PharmaResources.
| 09/20/2024 |
| 12/19/2024 |
If you would invest 0.00 in PharmaResources on September 20, 2024 and sell it all today you would earn a total of 0.00 from holding PharmaResources Co Ltd or generate 0.0% return on investment in PharmaResources over 90 days. PharmaResources is related to or competes with Industrial, China Construction, Bank of China, Agricultural Bank, PetroChina, China Mobile, and Ping An. PharmaResources is entity of China. It is traded as Stock on SHE exchange. More
PharmaResources 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 PharmaResources' 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 PharmaResources Co Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.82 | |||
| Information Ratio | 0.1224 | |||
| Maximum Drawdown | 28.46 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 7.39 |
PharmaResources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PharmaResources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PharmaResources' standard deviation. In reality, there are many statistical measures that can use PharmaResources historical prices to predict the future PharmaResources' volatility.| Risk Adjusted Performance | 0.1105 | |||
| Jensen Alpha | 0.5927 | |||
| Total Risk Alpha | 0.4869 | |||
| Sortino Ratio | 0.1208 | |||
| Treynor Ratio | 1.34 |
PharmaResources Backtested Returns
PharmaResources appears to be not too volatile, given 3 months investment horizon. PharmaResources maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing PharmaResources' technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please evaluate PharmaResources' Risk Adjusted Performance of 0.1105, semi deviation of 4.37, and Coefficient Of Variation of 777.78 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PharmaResources holds a performance score of 12. The company holds a Beta of 0.45, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PharmaResources' returns are expected to increase less than the market. However, during the bear market, the loss of holding PharmaResources is expected to be smaller as well. Please check PharmaResources' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether PharmaResources' historical price patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
PharmaResources Co Ltd has modest predictability. Overlapping area represents the amount of predictability between PharmaResources time series from 20th of September 2024 to 4th of November 2024 and 4th of November 2024 to 19th 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 PharmaResources price movement. The serial correlation of 0.55 indicates that about 55.0% of current PharmaResources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
PharmaResources lagged returns against current returns
Autocorrelation, which is PharmaResources 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 PharmaResources' stock expected returns. We can calculate the autocorrelation of PharmaResources returns to help us make a trade decision. For example, suppose you find that PharmaResources 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 |
PharmaResources 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 PharmaResources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PharmaResources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PharmaResources stock over time.
Current vs Lagged Prices |
| Timeline |
PharmaResources Lagged Returns
When evaluating PharmaResources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PharmaResources stock have on its future price. PharmaResources 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, PharmaResources autocorrelation shows the relationship between PharmaResources stock current value and its past values and can show if there is a momentum factor associated with investing in PharmaResources Co Ltd.
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 PharmaResources Stock
PharmaResources financial ratios help investors to determine whether PharmaResources 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 PharmaResources with respect to the benefits of owning PharmaResources security.