Highbroad Advanced (China) Market Value
| 301321 Stock | 14.01 0.01 0.07% |
| Symbol | Highbroad |
Highbroad Advanced '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 Highbroad Advanced'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 Highbroad Advanced.
| 12/29/2024 |
| 01/28/2025 |
If you would invest 0.00 in Highbroad Advanced on December 29, 2024 and sell it all today you would earn a total of 0.00 from holding Highbroad Advanced Material or generate 0.0% return on investment in Highbroad Advanced over 30 days. Highbroad Advanced is related to or competes with Chengdu Kanghua, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, Gansu Huangtai, and Shenzhen SDG. Highbroad Advanced is entity of China. It is traded as Stock on SHE exchange. More
Highbroad Advanced 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 Highbroad Advanced'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 Highbroad Advanced Material upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 29.56 | |||
| Value At Risk | (6.78) | |||
| Potential Upside | 6.54 |
Highbroad Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highbroad Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highbroad Advanced's standard deviation. In reality, there are many statistical measures that can use Highbroad Advanced historical prices to predict the future Highbroad Advanced's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.21) |
Highbroad Advanced Backtested Returns
Highbroad Advanced holds Efficiency (Sharpe) Ratio of -0.0864, which attests that the entity had a -0.0864 % return per unit of risk over the last 3 months. Highbroad Advanced exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Highbroad Advanced's Risk Adjusted Performance of (0.04), standard deviation of 4.75, and Market Risk Adjusted Performance of (0.20) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.32, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Highbroad Advanced will likely underperform. At this point, Highbroad Advanced has a negative expected return of -0.4%. Please make sure to check out Highbroad Advanced's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Highbroad Advanced performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Highbroad Advanced Material has good reverse predictability. Overlapping area represents the amount of predictability between Highbroad Advanced time series from 29th of December 2024 to 13th of January 2025 and 13th of January 2025 to 28th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Highbroad Advanced price movement. The serial correlation of -0.51 indicates that about 51.0% of current Highbroad Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Highbroad Advanced lagged returns against current returns
Autocorrelation, which is Highbroad Advanced 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 Highbroad Advanced's stock expected returns. We can calculate the autocorrelation of Highbroad Advanced returns to help us make a trade decision. For example, suppose you find that Highbroad Advanced 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 |
Highbroad Advanced 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 Highbroad Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highbroad Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highbroad Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Highbroad Advanced Lagged Returns
When evaluating Highbroad Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highbroad Advanced stock have on its future price. Highbroad Advanced 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, Highbroad Advanced autocorrelation shows the relationship between Highbroad Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Highbroad Advanced Material.
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 Highbroad Stock
Highbroad Advanced financial ratios help investors to determine whether Highbroad 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 Highbroad with respect to the benefits of owning Highbroad Advanced security.