Hua Xia (China) Market Value
| 600015 Stock | 7.25 0.07 0.97% |
| Symbol | Hua |
Hua Xia '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 Hua Xia'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 Hua Xia.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hua Xia on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hua Xia Bank or generate 0.0% return on investment in Hua Xia over 60 days. Hua Xia is related to or competes with Liuzhou Chemical, HeBei Jinniu, New Hope, Eastroc Beverage, Ningxia Younglight, Sichuan Teway, and HaiXin Foods. Hua Xia is entity of China. It is traded as Stock on SHG exchange. More
Hua Xia 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 Hua Xia'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 Hua Xia Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.0545 | |||
| Maximum Drawdown | 13.03 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 4.71 |
Hua Xia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hua Xia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hua Xia's standard deviation. In reality, there are many statistical measures that can use Hua Xia historical prices to predict the future Hua Xia's volatility.| Risk Adjusted Performance | 0.0913 | |||
| Jensen Alpha | 0.3089 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.057 | |||
| Treynor Ratio | (0.44) |
Hua Xia Bank Backtested Returns
Hua Xia appears to be somewhat reliable, given 3 months investment horizon. Hua Xia Bank holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Hua Xia Bank, which you can use to evaluate the volatility of the firm. Please utilize Hua Xia's market risk adjusted performance of (0.43), and Risk Adjusted Performance of 0.0913 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hua Xia holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hua Xia are expected to decrease at a much lower rate. During the bear market, Hua Xia is likely to outperform the market. Please check Hua Xia's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Hua Xia's current trending patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Hua Xia Bank has poor reverse predictability. Overlapping area represents the amount of predictability between Hua Xia time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Hua Xia Bank price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Hua Xia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hua Xia Bank lagged returns against current returns
Autocorrelation, which is Hua Xia 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 Hua Xia's stock expected returns. We can calculate the autocorrelation of Hua Xia returns to help us make a trade decision. For example, suppose you find that Hua Xia 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 |
Hua Xia 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 Hua Xia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hua Xia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hua Xia stock over time.
Current vs Lagged Prices |
| Timeline |
Hua Xia Lagged Returns
When evaluating Hua Xia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hua Xia stock have on its future price. Hua Xia 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, Hua Xia autocorrelation shows the relationship between Hua Xia stock current value and its past values and can show if there is a momentum factor associated with investing in Hua Xia Bank.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hua Stock
Hua Xia financial ratios help investors to determine whether Hua 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 Hua with respect to the benefits of owning Hua Xia security.