Hongda's market value is the price at which a share of Hongda trades on a public exchange. It measures the collective expectations of Hongda investors about its performance. Hongda is trading at 12.17 as of the 25th of December 2025, a 3.34% down since the beginning of the trading day. The stock's open price was 12.59. With this module, you can estimate the performance of a buy and hold strategy of Hongda and determine expected loss or profit from investing in Hongda over a given investment horizon. Check out Hongda Correlation, Hongda Volatility and Hongda Alpha and Beta module to complement your research on Hongda.
Please note, there is a significant difference between Hongda's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hongda is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hongda's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hongda '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 Hongda'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 Hongda.
0.00
06/28/2025
No Change 0.00
0.0
In 5 months and 30 days
12/25/2025
0.00
If you would invest 0.00 in Hongda on June 28, 2025 and sell it all today you would earn a total of 0.00 from holding Hongda or generate 0.0% return on investment in Hongda over 180 days. Hongda is related to or competes with Zijin Mining, Wanhua Chemical, Shandong Gold, Baoshan Iron, Jiangxi Ganfeng, Zhongjin Gold, and Inner Mongolia. Hongda is entity of China. It is traded as Stock on SHG exchange. More
Hongda 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 Hongda'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 Hongda upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hongda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hongda's standard deviation. In reality, there are many statistical measures that can use Hongda historical prices to predict the future Hongda's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hongda. Your research has to be compared to or analyzed against Hongda's peers to derive any actionable benefits. When done correctly, Hongda's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hongda.
Hongda Backtested Returns
Hongda appears to be somewhat reliable, given 3 months investment horizon. Hongda 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-eight technical indicators for Hongda, which you can use to evaluate the volatility of the firm. Please utilize Hongda's Market Risk Adjusted Performance of 0.7608, downside deviation of 2.74, and Risk Adjusted Performance of 0.0403 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hongda holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hongda's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hongda is expected to be smaller as well. Please check Hongda's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hongda's current trending patterns will revert.
Auto-correlation
0.76
Good predictability
Hongda has good predictability. Overlapping area represents the amount of predictability between Hongda time series from 28th of June 2025 to 26th of September 2025 and 26th of September 2025 to 25th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hongda price movement. The serial correlation of 0.76 indicates that around 76.0% of current Hongda price fluctuation can be explain by its past prices.
Correlation Coefficient
0.76
Spearman Rank Test
0.71
Residual Average
0.0
Price Variance
0.29
Hongda lagged returns against current returns
Autocorrelation, which is Hongda 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 Hongda's stock expected returns. We can calculate the autocorrelation of Hongda returns to help us make a trade decision. For example, suppose you find that Hongda 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
Hongda 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 Hongda stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hongda stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hongda stock over time.
Current vs Lagged Prices
Timeline
Hongda Lagged Returns
When evaluating Hongda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hongda stock have on its future price. Hongda 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, Hongda autocorrelation shows the relationship between Hongda stock current value and its past values and can show if there is a momentum factor associated with investing in Hongda.
Hongda financial ratios help investors to determine whether Hongda 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 Hongda with respect to the benefits of owning Hongda security.