Liuzhou Chemical (China) Market Value
| 600423 Stock | 3.02 0.05 1.63% |
| Symbol | Liuzhou |
Liuzhou 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 Liuzhou 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 Liuzhou Chemical.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Liuzhou Chemical on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Liuzhou Chemical Industry or generate 0.0% return on investment in Liuzhou Chemical over 690 days. Liuzhou Chemical is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Liuzhou Chemical is entity of China. It is traded as Stock on SHG exchange. More
Liuzhou 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 Liuzhou 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 Liuzhou Chemical Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.1104 | |||
| Maximum Drawdown | 17.45 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 5.0 |
Liuzhou Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Liuzhou Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Liuzhou Chemical's standard deviation. In reality, there are many statistical measures that can use Liuzhou Chemical historical prices to predict the future Liuzhou Chemical's volatility.| Risk Adjusted Performance | 0.1268 | |||
| Jensen Alpha | 0.4635 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1058 | |||
| Treynor Ratio | (1.43) |
Liuzhou Chemical Industry Backtested Returns
Liuzhou Chemical appears to be risky, given 3 months investment horizon. Liuzhou Chemical Industry has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Liuzhou Chemical's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please exercise Liuzhou Chemical's Risk Adjusted Performance of 0.1268, downside deviation of 2.92, and Mean Deviation of 1.97 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Liuzhou Chemical holds a performance score of 15. The company secures a Beta (Market Risk) of -0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Liuzhou Chemical are expected to decrease at a much lower rate. During the bear market, Liuzhou Chemical is likely to outperform the market. Please check Liuzhou Chemical's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Liuzhou Chemical's current price movements will revert.
Auto-correlation | 0.27 |
Poor predictability
Liuzhou Chemical Industry has poor predictability. Overlapping area represents the amount of predictability between Liuzhou Chemical time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Liuzhou Chemical Industry price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Liuzhou Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Liuzhou Chemical Industry lagged returns against current returns
Autocorrelation, which is Liuzhou 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 Liuzhou Chemical's stock expected returns. We can calculate the autocorrelation of Liuzhou Chemical returns to help us make a trade decision. For example, suppose you find that Liuzhou 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 |
Liuzhou 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 Liuzhou Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Liuzhou Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Liuzhou Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Liuzhou Chemical Lagged Returns
When evaluating Liuzhou Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Liuzhou Chemical stock have on its future price. Liuzhou 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, Liuzhou Chemical autocorrelation shows the relationship between Liuzhou Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Liuzhou Chemical Industry.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Liuzhou Stock
Liuzhou Chemical financial ratios help investors to determine whether Liuzhou 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 Liuzhou with respect to the benefits of owning Liuzhou Chemical security.