Wenzhou Kangning (Germany) Market Value
| 4WK Stock | EUR 1.04 0.02 1.89% |
| Symbol | Wenzhou |
Wenzhou Kangning '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 Wenzhou Kangning'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 Wenzhou Kangning.
| 01/23/2024 |
| 01/12/2026 |
If you would invest 0.00 in Wenzhou Kangning on January 23, 2024 and sell it all today you would earn a total of 0.00 from holding Wenzhou Kangning Hospital or generate 0.0% return on investment in Wenzhou Kangning over 720 days. Wenzhou Kangning is related to or competes with HCA Healthcare, Fresenius, Ramsay Health, Universal Health, Chemed, and DaVita. Wenzhou Kangning Hospital Co., Ltd. operates and manages a network of healthcare facilities in the Peoples Republic of C... More
Wenzhou Kangning 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 Wenzhou Kangning'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 Wenzhou Kangning Hospital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.48 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 3.74 |
Wenzhou Kangning Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wenzhou Kangning's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wenzhou Kangning's standard deviation. In reality, there are many statistical measures that can use Wenzhou Kangning historical prices to predict the future Wenzhou Kangning's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 7.91 |
Wenzhou Kangning Hospital Backtested Returns
At this point, Wenzhou Kangning is very risky. Wenzhou Kangning Hospital shows Sharpe Ratio of 0.0323, which attests that the company had a 0.0323 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Wenzhou Kangning Hospital, which you can use to evaluate the volatility of the company. Please check out Wenzhou Kangning's Standard Deviation of 2.39, mean deviation of 1.62, and Market Risk Adjusted Performance of 7.92 to validate if the risk estimate we provide is consistent with the expected return of 0.0761%. Wenzhou Kangning has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of -0.0136, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wenzhou Kangning are expected to decrease at a much lower rate. During the bear market, Wenzhou Kangning is likely to outperform the market. Wenzhou Kangning Hospital right now maintains a risk of 2.36%. Please check out Wenzhou Kangning Hospital standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Wenzhou Kangning Hospital will be following its historical returns.
Auto-correlation | 0.32 |
Below average predictability
Wenzhou Kangning Hospital has below average predictability. Overlapping area represents the amount of predictability between Wenzhou Kangning time series from 23rd of January 2024 to 17th of January 2025 and 17th of January 2025 to 12th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wenzhou Kangning Hospital price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Wenzhou Kangning price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wenzhou Kangning Hospital lagged returns against current returns
Autocorrelation, which is Wenzhou Kangning 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 Wenzhou Kangning's stock expected returns. We can calculate the autocorrelation of Wenzhou Kangning returns to help us make a trade decision. For example, suppose you find that Wenzhou Kangning 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 |
Wenzhou Kangning 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 Wenzhou Kangning stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wenzhou Kangning stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wenzhou Kangning stock over time.
Current vs Lagged Prices |
| Timeline |
Wenzhou Kangning Lagged Returns
When evaluating Wenzhou Kangning's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wenzhou Kangning stock have on its future price. Wenzhou Kangning 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, Wenzhou Kangning autocorrelation shows the relationship between Wenzhou Kangning stock current value and its past values and can show if there is a momentum factor associated with investing in Wenzhou Kangning Hospital.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Wenzhou Stock
Wenzhou Kangning financial ratios help investors to determine whether Wenzhou 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 Wenzhou with respect to the benefits of owning Wenzhou Kangning security.