Weihai Honglin (China) Market Value
| 301439 Stock | 13.49 0.18 1.32% |
| Symbol | Weihai |
Weihai Honglin '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 Weihai Honglin'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 Weihai Honglin.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Weihai Honglin on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Weihai Honglin Electronic or generate 0.0% return on investment in Weihai Honglin over 30 days. Weihai Honglin is related to or competes with Kweichow Moutai, Shenzhen Mindray, Jiangsu Pacific, G Bits, Shenzhen Transsion, Beijing Roborock, and Luzhou Lao. Weihai Honglin is entity of China. It is traded as Stock on SHE exchange. More
Weihai Honglin 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 Weihai Honglin'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 Weihai Honglin Electronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.07 | |||
| Maximum Drawdown | 21.32 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 4.18 |
Weihai Honglin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weihai Honglin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weihai Honglin's standard deviation. In reality, there are many statistical measures that can use Weihai Honglin historical prices to predict the future Weihai Honglin's volatility.| Risk Adjusted Performance | 0.0913 | |||
| Jensen Alpha | 0.4283 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0785 | |||
| Treynor Ratio | (0.50) |
Weihai Honglin Electronic Backtested Returns
Weihai Honglin appears to be somewhat reliable, given 3 months investment horizon. Weihai Honglin Electronic shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Weihai Honglin Electronic, which you can use to evaluate the volatility of the company. Please utilize Weihai Honglin's Downside Deviation of 2.9, mean deviation of 2.06, and Market Risk Adjusted Performance of (0.49) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Weihai Honglin holds a performance score of 9. The firm maintains a market beta of -0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Weihai Honglin are expected to decrease at a much lower rate. During the bear market, Weihai Honglin is likely to outperform the market. Please check Weihai Honglin's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Weihai Honglin's historical returns will revert.
Auto-correlation | 0.42 |
Average predictability
Weihai Honglin Electronic has average predictability. Overlapping area represents the amount of predictability between Weihai Honglin time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 Weihai Honglin Electronic price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Weihai Honglin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Weihai Honglin Electronic lagged returns against current returns
Autocorrelation, which is Weihai Honglin 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 Weihai Honglin's stock expected returns. We can calculate the autocorrelation of Weihai Honglin returns to help us make a trade decision. For example, suppose you find that Weihai Honglin 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 |
Weihai Honglin 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 Weihai Honglin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weihai Honglin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weihai Honglin stock over time.
Current vs Lagged Prices |
| Timeline |
Weihai Honglin Lagged Returns
When evaluating Weihai Honglin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weihai Honglin stock have on its future price. Weihai Honglin 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, Weihai Honglin autocorrelation shows the relationship between Weihai Honglin stock current value and its past values and can show if there is a momentum factor associated with investing in Weihai Honglin Electronic.
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 Weihai Stock
Weihai Honglin financial ratios help investors to determine whether Weihai 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 Weihai with respect to the benefits of owning Weihai Honglin security.