Finework New (China) Market Value
| 301232 Stock | 29.85 0.11 0.37% |
| Symbol | Finework |
Finework 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 Finework 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 Finework New.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Finework New on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Finework New Energy or generate 0.0% return on investment in Finework New over 30 days. Finework New is related to or competes with Hang Xiao, Dongjiang Environmental, Shenzhen MYS, Bus Online, Eit Environmental, Shanghai Jinfeng, and Chongqing Brewery. Finework New is entity of China. It is traded as Stock on SHE exchange. More
Finework 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 Finework 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 Finework New Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.58 | |||
| Information Ratio | 0.0702 | |||
| Maximum Drawdown | 30.14 | |||
| Value At Risk | (5.97) | |||
| Potential Upside | 6.43 |
Finework New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Finework New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Finework New's standard deviation. In reality, there are many statistical measures that can use Finework New historical prices to predict the future Finework New's volatility.| Risk Adjusted Performance | 0.0775 | |||
| Jensen Alpha | 0.4045 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0756 | |||
| Treynor Ratio | 0.939 |
Finework New Energy Backtested Returns
Finework New appears to be somewhat reliable, given 3 months investment horizon. Finework New Energy secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. By reviewing Finework New's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Finework New's Coefficient Of Variation of 1047.59, mean deviation of 3.1, and Downside Deviation of 4.58 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Finework New holds a performance score of 8. The firm shows a Beta (market volatility) of 0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, Finework New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Finework New is expected to be smaller as well. Please check Finework 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 Finework New's price patterns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Finework New Energy has very good reverse predictability. Overlapping area represents the amount of predictability between Finework 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 Finework New Energy price movement. The serial correlation of -0.7 indicates that around 70.0% of current Finework New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Finework New Energy lagged returns against current returns
Autocorrelation, which is Finework 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 Finework New's stock expected returns. We can calculate the autocorrelation of Finework New returns to help us make a trade decision. For example, suppose you find that Finework 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 |
Finework 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 Finework New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Finework New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Finework New stock over time.
Current vs Lagged Prices |
| Timeline |
Finework New Lagged Returns
When evaluating Finework New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Finework New stock have on its future price. Finework 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, Finework New autocorrelation shows the relationship between Finework New stock current value and its past values and can show if there is a momentum factor associated with investing in Finework New Energy.
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 Finework Stock
Finework New financial ratios help investors to determine whether Finework 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 Finework with respect to the benefits of owning Finework New security.