Pengxin International (China) Market Value
| 600490 Stock | 3.45 0.30 9.52% |
| Symbol | Pengxin |
Pengxin 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 Pengxin 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 Pengxin International.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Pengxin International on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Pengxin International Mining or generate 0.0% return on investment in Pengxin International over 330 days. Pengxin International is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Pengxin International is entity of China More
Pengxin 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 Pengxin 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 Pengxin International Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.1641 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 9.81 |
Pengxin International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pengxin International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pengxin International's standard deviation. In reality, there are many statistical measures that can use Pengxin International historical prices to predict the future Pengxin International's volatility.| Risk Adjusted Performance | 0.161 | |||
| Jensen Alpha | 0.6367 | |||
| Total Risk Alpha | 0.1451 | |||
| Sortino Ratio | 0.211 | |||
| Treynor Ratio | 0.987 |
Pengxin International Backtested Returns
Pengxin International appears to be unstable, given 3 months investment horizon. Pengxin International maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the firm had a 0.23% return per unit of risk over the last 3 months. By analyzing Pengxin International's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please evaluate Pengxin International's Risk Adjusted Performance of 0.161, semi deviation of 2.38, and Coefficient Of Variation of 501.08 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pengxin International holds a performance score of 17. The company holds a Beta of 0.74, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pengxin International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pengxin International is expected to be smaller as well. Please check Pengxin International's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Pengxin International's historical price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
Pengxin International Mining has average predictability. Overlapping area represents the amount of predictability between Pengxin International time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Pengxin International price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Pengxin International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Pengxin International lagged returns against current returns
Autocorrelation, which is Pengxin 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 Pengxin International's stock expected returns. We can calculate the autocorrelation of Pengxin International returns to help us make a trade decision. For example, suppose you find that Pengxin 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 |
Pengxin 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 Pengxin International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pengxin International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pengxin International stock over time.
Current vs Lagged Prices |
| Timeline |
Pengxin International Lagged Returns
When evaluating Pengxin International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pengxin International stock have on its future price. Pengxin 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, Pengxin International autocorrelation shows the relationship between Pengxin International stock current value and its past values and can show if there is a momentum factor associated with investing in Pengxin International Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Pengxin Stock
Pengxin International financial ratios help investors to determine whether Pengxin 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 Pengxin with respect to the benefits of owning Pengxin International security.