Markor International (China) Market Value
| 600337 Stock | 1.92 0.08 4.00% |
| Symbol | Markor |
Markor International '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 Markor International'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 Markor International.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Markor International on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Markor International Home or generate 0.0% return on investment in Markor International over 270 days. Markor International is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Markor International is entity of China. It is traded as Stock on SHG exchange. More
Markor International 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 Markor International'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 Markor International Home upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | 0.0763 | |||
| Maximum Drawdown | 20.22 | |||
| Value At Risk | (4.37) | |||
| Potential Upside | 7.26 |
Markor International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Markor International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Markor International's standard deviation. In reality, there are many statistical measures that can use Markor International historical prices to predict the future Markor International's volatility.| Risk Adjusted Performance | 0.0923 | |||
| Jensen Alpha | 0.4517 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0857 | |||
| Treynor Ratio | (1.54) |
Markor International Home Backtested Returns
Markor International appears to be dangerous, given 3 months investment horizon. Markor International Home has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Markor International's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please exercise Markor International's Downside Deviation of 3.48, risk adjusted performance of 0.0923, and Mean Deviation of 3.05 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Markor International holds a performance score of 14. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Markor International are expected to decrease at a much lower rate. During the bear market, Markor International is likely to outperform the market. Please check Markor International's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Markor International's current price movements will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Markor International Home has good reverse predictability. Overlapping area represents the amount of predictability between Markor International time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Markor International Home price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Markor International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Markor International Home lagged returns against current returns
Autocorrelation, which is Markor International 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 Markor International's stock expected returns. We can calculate the autocorrelation of Markor International returns to help us make a trade decision. For example, suppose you find that Markor International 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 |
Markor International 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 Markor International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Markor International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Markor International stock over time.
Current vs Lagged Prices |
| Timeline |
Markor International Lagged Returns
When evaluating Markor International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Markor International stock have on its future price. Markor International 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, Markor International autocorrelation shows the relationship between Markor International stock current value and its past values and can show if there is a momentum factor associated with investing in Markor International Home.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Markor Stock
Markor International financial ratios help investors to determine whether Markor 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 Markor with respect to the benefits of owning Markor International security.