Metro Investment (China) Market Value
| 600683 Stock | 4.62 0.11 2.44% |
| Symbol | Metro |
Metro Investment '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 Metro Investment'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 Metro Investment.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Metro Investment on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Metro Investment Development or generate 0.0% return on investment in Metro Investment over 30 days. Metro Investment is related to or competes with Kweichow Moutai, Contemporary Amperex, G-bits Network, BYD Co, Beijing Roborock, Anhui Gujing, and NAURA Technology. Metro Investment is entity of China. It is traded as Stock on SHG exchange. More
Metro Investment 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 Metro Investment'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 Metro Investment Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.3 | |||
| Information Ratio | 0.0991 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 6.48 |
Metro Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metro Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metro Investment's standard deviation. In reality, there are many statistical measures that can use Metro Investment historical prices to predict the future Metro Investment's volatility.| Risk Adjusted Performance | 0.1116 | |||
| Jensen Alpha | 0.4372 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1035 | |||
| Treynor Ratio | 2.7 |
Metro Investment Dev Backtested Returns
Metro Investment appears to be moderately volatile, given 3 months investment horizon. Metro Investment Dev has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Metro Investment's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please exercise Metro Investment's Risk Adjusted Performance of 0.1116, downside deviation of 3.3, and Mean Deviation of 2.63 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Metro Investment holds a performance score of 12. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Metro Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metro Investment is expected to be smaller as well. Please check Metro Investment's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Metro Investment's current price movements will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Metro Investment Development has very weak reverse predictability. Overlapping area represents the amount of predictability between Metro Investment time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Metro Investment Dev price movement. The serial correlation of -0.01 indicates that just 1.0% of current Metro Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Metro Investment Dev lagged returns against current returns
Autocorrelation, which is Metro Investment 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 Metro Investment's stock expected returns. We can calculate the autocorrelation of Metro Investment returns to help us make a trade decision. For example, suppose you find that Metro Investment 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 |
Metro Investment 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 Metro Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metro Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metro Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Metro Investment Lagged Returns
When evaluating Metro Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metro Investment stock have on its future price. Metro Investment 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, Metro Investment autocorrelation shows the relationship between Metro Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Metro Investment Development.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Metro Stock
Metro Investment financial ratios help investors to determine whether Metro 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 Metro with respect to the benefits of owning Metro Investment security.