Qinghaihuading Industrial (China) Market Value
| 600243 Stock | 4.45 0.06 1.37% |
| Symbol | Qinghaihuading |
Qinghaihuading Industrial '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 Qinghaihuading Industrial'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 Qinghaihuading Industrial.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Qinghaihuading Industrial on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Qinghaihuading Industrial Co or generate 0.0% return on investment in Qinghaihuading Industrial over 30 days. Qinghaihuading Industrial is related to or competes with New China, Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, and Inner Mongolia. Qinghaihuading Industrial is entity of China More
Qinghaihuading Industrial 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 Qinghaihuading Industrial'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 Qinghaihuading Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.1594 | |||
| Maximum Drawdown | 18.02 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 6.36 |
Qinghaihuading Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qinghaihuading Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qinghaihuading Industrial's standard deviation. In reality, there are many statistical measures that can use Qinghaihuading Industrial historical prices to predict the future Qinghaihuading Industrial's volatility.| Risk Adjusted Performance | 0.1615 | |||
| Jensen Alpha | 0.6223 | |||
| Total Risk Alpha | 0.1028 | |||
| Sortino Ratio | 0.1537 | |||
| Treynor Ratio | 2.77 |
Qinghaihuading Industrial Backtested Returns
Qinghaihuading Industrial appears to be moderately volatile, given 3 months investment horizon. Qinghaihuading Industrial maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Qinghaihuading Industrial's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please evaluate Qinghaihuading Industrial's Coefficient Of Variation of 496.98, risk adjusted performance of 0.1615, and Semi Deviation of 2.97 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qinghaihuading Industrial holds a performance score of 12. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Qinghaihuading Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qinghaihuading Industrial is expected to be smaller as well. Please check Qinghaihuading Industrial'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 Qinghaihuading Industrial's historical price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Qinghaihuading Industrial Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Qinghaihuading Industrial time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Qinghaihuading Industrial price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Qinghaihuading Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Qinghaihuading Industrial lagged returns against current returns
Autocorrelation, which is Qinghaihuading Industrial 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 Qinghaihuading Industrial's stock expected returns. We can calculate the autocorrelation of Qinghaihuading Industrial returns to help us make a trade decision. For example, suppose you find that Qinghaihuading Industrial 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 |
Qinghaihuading Industrial 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 Qinghaihuading Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qinghaihuading Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qinghaihuading Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Qinghaihuading Industrial Lagged Returns
When evaluating Qinghaihuading Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qinghaihuading Industrial stock have on its future price. Qinghaihuading Industrial 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, Qinghaihuading Industrial autocorrelation shows the relationship between Qinghaihuading Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Qinghaihuading Industrial Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Qinghaihuading Stock
Qinghaihuading Industrial financial ratios help investors to determine whether Qinghaihuading 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 Qinghaihuading with respect to the benefits of owning Qinghaihuading Industrial security.