Hang Xiao (China) Market Value
| 600477 Stock | 2.78 0.03 1.09% |
| Symbol | Hang |
Hang Xiao '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 Hang Xiao'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 Hang Xiao.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hang Xiao on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Hang Xiao Steel or generate 0.0% return on investment in Hang Xiao over 30 days. Hang Xiao is related to or competes with Western Metal, Heilongjiang Transport, Dezhan HealthCare, Shanghai Rongtai, By Health, Healthcare, and Meinian Onehealth. Hang Xiao is entity of China. It is traded as Stock on SHG exchange. More
Hang Xiao 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 Hang Xiao'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 Hang Xiao Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | 0.0942 | |||
| Maximum Drawdown | 19.47 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 5.04 |
Hang Xiao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hang Xiao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hang Xiao's standard deviation. In reality, there are many statistical measures that can use Hang Xiao historical prices to predict the future Hang Xiao's volatility.| Risk Adjusted Performance | 0.117 | |||
| Jensen Alpha | 0.4593 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1004 | |||
| Treynor Ratio | (0.72) |
Hang Xiao Steel Backtested Returns
Hang Xiao appears to be risky, given 3 months investment horizon. Hang Xiao Steel 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-nine technical indicators for Hang Xiao Steel, which you can use to evaluate the volatility of the firm. Please utilize Hang Xiao's Risk Adjusted Performance of 0.117, market risk adjusted performance of (0.71), and Downside Deviation of 2.61 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hang Xiao holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hang Xiao are expected to decrease at a much lower rate. During the bear market, Hang Xiao is likely to outperform the market. Please check Hang Xiao's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hang Xiao's current trending patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Hang Xiao Steel has modest reverse predictability. Overlapping area represents the amount of predictability between Hang Xiao 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 Hang Xiao Steel price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Hang Xiao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hang Xiao Steel lagged returns against current returns
Autocorrelation, which is Hang Xiao 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 Hang Xiao's stock expected returns. We can calculate the autocorrelation of Hang Xiao returns to help us make a trade decision. For example, suppose you find that Hang Xiao 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 |
Hang Xiao 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 Hang Xiao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hang Xiao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hang Xiao stock over time.
Current vs Lagged Prices |
| Timeline |
Hang Xiao Lagged Returns
When evaluating Hang Xiao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hang Xiao stock have on its future price. Hang Xiao 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, Hang Xiao autocorrelation shows the relationship between Hang Xiao stock current value and its past values and can show if there is a momentum factor associated with investing in Hang Xiao Steel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hang Stock
Hang Xiao financial ratios help investors to determine whether Hang 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 Hang with respect to the benefits of owning Hang Xiao security.