Hangzhou Minsheng (China) Market Value
| 301507 Stock | 13.56 0.11 0.82% |
| Symbol | Hangzhou |
Hangzhou Minsheng '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 Hangzhou Minsheng'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 Hangzhou Minsheng.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Hangzhou Minsheng on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Hangzhou Minsheng Healthcare or generate 0.0% return on investment in Hangzhou Minsheng over 180 days. Hangzhou Minsheng is related to or competes with Boai NKY, ADAMA, Shanghai Lingyun, Zhejiang Dahua, and Changchun Faway. Hangzhou Minsheng is entity of China. It is traded as Stock on SHE exchange. More
Hangzhou Minsheng 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 Hangzhou Minsheng'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 Hangzhou Minsheng Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.56 | |||
| Information Ratio | 0.0251 | |||
| Maximum Drawdown | 26.26 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 4.32 |
Hangzhou Minsheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Minsheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Minsheng's standard deviation. In reality, there are many statistical measures that can use Hangzhou Minsheng historical prices to predict the future Hangzhou Minsheng's volatility.| Risk Adjusted Performance | 0.0574 | |||
| Jensen Alpha | 0.18 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0243 | |||
| Treynor Ratio | 0.7988 |
Hangzhou Minsheng Backtested Returns
Hangzhou Minsheng appears to be somewhat reliable, given 3 months investment horizon. Hangzhou Minsheng holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hangzhou Minsheng, which you can use to evaluate the volatility of the firm. Please utilize Hangzhou Minsheng's Market Risk Adjusted Performance of 0.8088, risk adjusted performance of 0.0574, and Downside Deviation of 3.56 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hangzhou Minsheng holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hangzhou Minsheng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hangzhou Minsheng is expected to be smaller as well. Please check Hangzhou Minsheng'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 Hangzhou Minsheng's current trending patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
Hangzhou Minsheng Healthcare has modest predictability. Overlapping area represents the amount of predictability between Hangzhou Minsheng time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Hangzhou Minsheng price movement. The serial correlation of 0.53 indicates that about 53.0% of current Hangzhou Minsheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
Hangzhou Minsheng lagged returns against current returns
Autocorrelation, which is Hangzhou Minsheng 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 Hangzhou Minsheng's stock expected returns. We can calculate the autocorrelation of Hangzhou Minsheng returns to help us make a trade decision. For example, suppose you find that Hangzhou Minsheng 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 |
Hangzhou Minsheng 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 Hangzhou Minsheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Minsheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Minsheng stock over time.
Current vs Lagged Prices |
| Timeline |
Hangzhou Minsheng Lagged Returns
When evaluating Hangzhou Minsheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Minsheng stock have on its future price. Hangzhou Minsheng 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, Hangzhou Minsheng autocorrelation shows the relationship between Hangzhou Minsheng stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Minsheng Healthcare.
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 Hangzhou Stock
Hangzhou Minsheng financial ratios help investors to determine whether Hangzhou 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 Hangzhou with respect to the benefits of owning Hangzhou Minsheng security.