Wanhua Chemical (China) Market Value
| 600309 Stock | 76.68 0.11 0.14% |
| Symbol | Wanhua |
Wanhua Chemical '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 Wanhua Chemical'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 Wanhua Chemical.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Wanhua Chemical on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Wanhua Chemical Group or generate 0.0% return on investment in Wanhua Chemical over 30 days. Wanhua Chemical is related to or competes with Shandong Gold, Inner Mongolia, Jiangxi Ganfeng, and Yunnan Aluminium. Wanhua Chemical is entity of China. It is traded as Stock on SHG exchange. More
Wanhua Chemical 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 Wanhua Chemical'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 Wanhua Chemical Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.38 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 3.92 |
Wanhua Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wanhua Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wanhua Chemical's standard deviation. In reality, there are many statistical measures that can use Wanhua Chemical historical prices to predict the future Wanhua Chemical's volatility.| Risk Adjusted Performance | 0.0276 | |||
| Jensen Alpha | 0.0841 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.18) |
Wanhua Chemical Group Backtested Returns
Wanhua Chemical appears to be very steady, given 3 months investment horizon. Wanhua Chemical Group shows Sharpe Ratio of 0.0775, which attests that the company had a 0.0775% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wanhua Chemical Group, which you can use to evaluate the volatility of the company. Please utilize Wanhua Chemical's Downside Deviation of 2.35, mean deviation of 1.7, and Market Risk Adjusted Performance of (0.17) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wanhua Chemical holds a performance score of 6. The firm maintains a market beta of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wanhua Chemical are expected to decrease at a much lower rate. During the bear market, Wanhua Chemical is likely to outperform the market. Please check Wanhua Chemical's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Wanhua Chemical's historical returns will revert.
Auto-correlation | 0.33 |
Below average predictability
Wanhua Chemical Group has below average predictability. Overlapping area represents the amount of predictability between Wanhua Chemical time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Wanhua Chemical Group price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Wanhua Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 3.38 |
Wanhua Chemical Group lagged returns against current returns
Autocorrelation, which is Wanhua Chemical 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 Wanhua Chemical's stock expected returns. We can calculate the autocorrelation of Wanhua Chemical returns to help us make a trade decision. For example, suppose you find that Wanhua Chemical 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 |
Wanhua Chemical 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 Wanhua Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wanhua Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wanhua Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Wanhua Chemical Lagged Returns
When evaluating Wanhua Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wanhua Chemical stock have on its future price. Wanhua Chemical 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, Wanhua Chemical autocorrelation shows the relationship between Wanhua Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Wanhua Chemical Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Wanhua Stock
Wanhua Chemical financial ratios help investors to determine whether Wanhua 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 Wanhua with respect to the benefits of owning Wanhua Chemical security.