Hunan Tyen (China) Market Value
| 600698 Stock | 5.10 0.02 0.39% |
| Symbol | Hunan |
Hunan Tyen '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 Hunan Tyen'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 Hunan Tyen.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hunan Tyen on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hunan Tyen Machinery or generate 0.0% return on investment in Hunan Tyen over 30 days. Hunan Tyen is related to or competes with China State, Huafa Industrial, China International, Kweichow Moutai, Xiamen CD, and Contemporary Amperex. Hunan Tyen is entity of China. It is traded as Stock on SHG exchange. More
Hunan Tyen 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 Hunan Tyen'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 Hunan Tyen Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.22 | |||
| Information Ratio | 0.1356 | |||
| Maximum Drawdown | 20.18 | |||
| Value At Risk | (6.11) | |||
| Potential Upside | 9.97 |
Hunan Tyen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hunan Tyen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hunan Tyen's standard deviation. In reality, there are many statistical measures that can use Hunan Tyen historical prices to predict the future Hunan Tyen's volatility.| Risk Adjusted Performance | 0.134 | |||
| Jensen Alpha | 0.7893 | |||
| Total Risk Alpha | 0.0312 | |||
| Sortino Ratio | 0.1431 | |||
| Treynor Ratio | (1.29) |
Hunan Tyen Machinery Backtested Returns
Hunan Tyen appears to be unstable, given 3 months investment horizon. Hunan Tyen Machinery holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. By evaluating Hunan Tyen's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please utilize Hunan Tyen's Downside Deviation of 4.22, market risk adjusted performance of (1.28), and Risk Adjusted Performance of 0.134 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hunan Tyen holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hunan Tyen are expected to decrease at a much lower rate. During the bear market, Hunan Tyen is likely to outperform the market. Please check Hunan Tyen's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hunan Tyen's current trending patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Hunan Tyen Machinery has below average predictability. Overlapping area represents the amount of predictability between Hunan Tyen time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Hunan Tyen Machinery price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Hunan Tyen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Hunan Tyen Machinery lagged returns against current returns
Autocorrelation, which is Hunan Tyen 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 Hunan Tyen's stock expected returns. We can calculate the autocorrelation of Hunan Tyen returns to help us make a trade decision. For example, suppose you find that Hunan Tyen 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 |
Hunan Tyen 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 Hunan Tyen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hunan Tyen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hunan Tyen stock over time.
Current vs Lagged Prices |
| Timeline |
Hunan Tyen Lagged Returns
When evaluating Hunan Tyen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hunan Tyen stock have on its future price. Hunan Tyen 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, Hunan Tyen autocorrelation shows the relationship between Hunan Tyen stock current value and its past values and can show if there is a momentum factor associated with investing in Hunan Tyen Machinery.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hunan Stock
Hunan Tyen financial ratios help investors to determine whether Hunan 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 Hunan with respect to the benefits of owning Hunan Tyen security.