Datang Telecom (China) Market Value
| 600198 Stock | 10.52 0.54 4.88% |
| Symbol | Datang |
Datang Telecom '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 Datang Telecom'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 Datang Telecom.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Datang Telecom on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Datang Telecom Technology or generate 0.0% return on investment in Datang Telecom over 390 days. Datang Telecom is related to or competes with Touchstone International, Beijing Wandong, China National, Winner Medical, Contec Medical, Blue Sail, and Dareway Software. Datang Telecom is entity of China. It is traded as Stock on SHG exchange. More
Datang Telecom 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 Datang Telecom'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 Datang Telecom Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.58 | |||
| Information Ratio | 0.1936 | |||
| Maximum Drawdown | 20.08 | |||
| Value At Risk | (9.98) | |||
| Potential Upside | 10.02 |
Datang Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Datang Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Datang Telecom's standard deviation. In reality, there are many statistical measures that can use Datang Telecom historical prices to predict the future Datang Telecom's volatility.| Risk Adjusted Performance | 0.174 | |||
| Jensen Alpha | 1.4 | |||
| Total Risk Alpha | 0.3355 | |||
| Sortino Ratio | 0.2064 | |||
| Treynor Ratio | (1.22) |
Datang Telecom Technology Backtested Returns
Datang Telecom is moderately volatile given 3 months investment horizon. Datang Telecom Technology secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.46% are justified by taking the suggested risk. Use Datang Telecom Coefficient Of Variation of 463.91, mean deviation of 4.68, and Downside Deviation of 5.58 to evaluate company specific risk that cannot be diversified away. Datang Telecom holds a performance score of 18 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.04, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Datang Telecom are expected to decrease slowly. On the other hand, during market turmoil, Datang Telecom is expected to outperform it slightly. Use Datang Telecom total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on Datang Telecom.
Auto-correlation | -0.38 |
Poor reverse predictability
Datang Telecom Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Datang Telecom time series from 30th of October 2023 to 12th of May 2024 and 12th of May 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 Datang Telecom Technology price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Datang Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 7.75 |
Datang Telecom Technology lagged returns against current returns
Autocorrelation, which is Datang Telecom 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 Datang Telecom's stock expected returns. We can calculate the autocorrelation of Datang Telecom returns to help us make a trade decision. For example, suppose you find that Datang Telecom 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 |
Datang Telecom 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 Datang Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Datang Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Datang Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
Datang Telecom Lagged Returns
When evaluating Datang Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Datang Telecom stock have on its future price. Datang Telecom 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, Datang Telecom autocorrelation shows the relationship between Datang Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Datang Telecom Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Datang Stock
Datang Telecom financial ratios help investors to determine whether Datang 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 Datang with respect to the benefits of owning Datang Telecom security.