Zhangzhou Pientzehuang (China) Market Value
| 600436 Stock | 233.11 0.65 0.28% |
| Symbol | Zhangzhou |
Zhangzhou Pientzehuang '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 Zhangzhou Pientzehuang'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 Zhangzhou Pientzehuang.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Zhangzhou Pientzehuang on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Zhangzhou Pientzehuang Pharmaceutical or generate 0.0% return on investment in Zhangzhou Pientzehuang over 30 days. Zhangzhou Pientzehuang is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Zhangzhou Pientzehuang is entity of China More
Zhangzhou Pientzehuang 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 Zhangzhou Pientzehuang'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 Zhangzhou Pientzehuang Pharmaceutical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.037 | |||
| Maximum Drawdown | 19.64 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 5.54 |
Zhangzhou Pientzehuang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhangzhou Pientzehuang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhangzhou Pientzehuang's standard deviation. In reality, there are many statistical measures that can use Zhangzhou Pientzehuang historical prices to predict the future Zhangzhou Pientzehuang's volatility.| Risk Adjusted Performance | 0.0737 | |||
| Jensen Alpha | 0.1845 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0423 | |||
| Treynor Ratio | 0.6509 |
Zhangzhou Pientzehuang Backtested Returns
Zhangzhou Pientzehuang appears to be very steady, given 3 months investment horizon. Zhangzhou Pientzehuang shows Sharpe Ratio of 0.0959, which attests that the company had a 0.0959% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhangzhou Pientzehuang, which you can use to evaluate the volatility of the company. Please utilize Zhangzhou Pientzehuang's Downside Deviation of 2.41, market risk adjusted performance of 0.6609, and Mean Deviation of 1.84 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhangzhou Pientzehuang holds a performance score of 7. The firm maintains a market beta of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhangzhou Pientzehuang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhangzhou Pientzehuang is expected to be smaller as well. Please check Zhangzhou Pientzehuang's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Zhangzhou Pientzehuang's historical returns will revert.
Auto-correlation | -0.84 |
Excellent reverse predictability
Zhangzhou Pientzehuang Pharmaceutical has excellent reverse predictability. Overlapping area represents the amount of predictability between Zhangzhou Pientzehuang 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 Zhangzhou Pientzehuang price movement. The serial correlation of -0.84 indicates that around 84.0% of current Zhangzhou Pientzehuang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 39.49 |
Zhangzhou Pientzehuang lagged returns against current returns
Autocorrelation, which is Zhangzhou Pientzehuang 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 Zhangzhou Pientzehuang's stock expected returns. We can calculate the autocorrelation of Zhangzhou Pientzehuang returns to help us make a trade decision. For example, suppose you find that Zhangzhou Pientzehuang 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 |
Zhangzhou Pientzehuang 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 Zhangzhou Pientzehuang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhangzhou Pientzehuang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhangzhou Pientzehuang stock over time.
Current vs Lagged Prices |
| Timeline |
Zhangzhou Pientzehuang Lagged Returns
When evaluating Zhangzhou Pientzehuang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhangzhou Pientzehuang stock have on its future price. Zhangzhou Pientzehuang 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, Zhangzhou Pientzehuang autocorrelation shows the relationship between Zhangzhou Pientzehuang stock current value and its past values and can show if there is a momentum factor associated with investing in Zhangzhou Pientzehuang Pharmaceutical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhangzhou Stock
Zhangzhou Pientzehuang financial ratios help investors to determine whether Zhangzhou 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 Zhangzhou with respect to the benefits of owning Zhangzhou Pientzehuang security.