Hubei Xingfa (China) Market Value
| 600141 Stock | 22.87 1.85 7.48% |
| Symbol | Hubei |
Hubei Xingfa '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 Hubei Xingfa'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 Hubei Xingfa.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Hubei Xingfa on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hubei Xingfa Chemicals or generate 0.0% return on investment in Hubei Xingfa over 180 days. Hubei Xingfa is related to or competes with Guangzhou Ruoyuchen, Northking Information, Tonghua Grape, Xiamen Goldenhome, UE Furniture, and AVCON Information. Hubei Xingfa is entity of China. It is traded as Stock on SHG exchange. More
Hubei Xingfa 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 Hubei Xingfa'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 Hubei Xingfa Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.1285 | |||
| Maximum Drawdown | 15.16 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 5.25 |
Hubei Xingfa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hubei Xingfa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hubei Xingfa's standard deviation. In reality, there are many statistical measures that can use Hubei Xingfa historical prices to predict the future Hubei Xingfa's volatility.| Risk Adjusted Performance | 0.1375 | |||
| Jensen Alpha | 0.4712 | |||
| Total Risk Alpha | 0.0945 | |||
| Sortino Ratio | 0.1644 | |||
| Treynor Ratio | (1.02) |
Hubei Xingfa Chemicals Backtested Returns
Hubei Xingfa appears to be not too volatile, given 3 months investment horizon. Hubei Xingfa Chemicals holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hubei Xingfa Chemicals, which you can use to evaluate the volatility of the firm. Please utilize Hubei Xingfa's Market Risk Adjusted Performance of (1.01), risk adjusted performance of 0.1375, and Downside Deviation of 2.01 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hubei Xingfa holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hubei Xingfa are expected to decrease at a much lower rate. During the bear market, Hubei Xingfa is likely to outperform the market. Please check Hubei Xingfa'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 Hubei Xingfa's current trending patterns will revert.
Auto-correlation | -0.83 |
Excellent reverse predictability
Hubei Xingfa Chemicals has excellent reverse predictability. Overlapping area represents the amount of predictability between Hubei Xingfa time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Hubei Xingfa Chemicals price movement. The serial correlation of -0.83 indicates that around 83.0% of current Hubei Xingfa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 5.57 |
Hubei Xingfa Chemicals lagged returns against current returns
Autocorrelation, which is Hubei Xingfa 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 Hubei Xingfa's stock expected returns. We can calculate the autocorrelation of Hubei Xingfa returns to help us make a trade decision. For example, suppose you find that Hubei Xingfa 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 |
Hubei Xingfa 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 Hubei Xingfa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hubei Xingfa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hubei Xingfa stock over time.
Current vs Lagged Prices |
| Timeline |
Hubei Xingfa Lagged Returns
When evaluating Hubei Xingfa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hubei Xingfa stock have on its future price. Hubei Xingfa 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, Hubei Xingfa autocorrelation shows the relationship between Hubei Xingfa stock current value and its past values and can show if there is a momentum factor associated with investing in Hubei Xingfa Chemicals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hubei Stock
Hubei Xingfa financial ratios help investors to determine whether Hubei 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 Hubei with respect to the benefits of owning Hubei Xingfa security.