Dalian Thermal (China) Market Value
| 600719 Stock | 7.90 0.15 1.86% |
| Symbol | Dalian |
Dalian Thermal '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 Dalian Thermal'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 Dalian Thermal.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Dalian Thermal on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Dalian Thermal Power or generate 0.0% return on investment in Dalian Thermal over 30 days. Dalian Thermal is related to or competes with Lutian Machinery, China Longyuan, PetroChina, Bank of China, Guangxi Guiguan, Yantai North, and Huaneng Lancang. Dalian Thermal is entity of China. It is traded as Stock on SHG exchange. More
Dalian Thermal 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 Dalian Thermal'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 Dalian Thermal Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.89 | |||
| Information Ratio | 0.0719 | |||
| Maximum Drawdown | 20.07 | |||
| Value At Risk | (9.85) | |||
| Potential Upside | 10.03 |
Dalian Thermal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dalian Thermal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dalian Thermal's standard deviation. In reality, there are many statistical measures that can use Dalian Thermal historical prices to predict the future Dalian Thermal's volatility.| Risk Adjusted Performance | 0.0843 | |||
| Jensen Alpha | 0.3488 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0742 | |||
| Treynor Ratio | 0.4418 |
Dalian Thermal Power Backtested Returns
Dalian Thermal appears to be moderately volatile, given 3 months investment horizon. Dalian Thermal Power secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. By reviewing Dalian Thermal's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please utilize Dalian Thermal's Downside Deviation of 4.89, coefficient of variation of 1008.91, and Mean Deviation of 3.73 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dalian Thermal holds a performance score of 14. The firm shows a Beta (market volatility) of 1.11, which means a somewhat significant risk relative to the market. Dalian Thermal returns are very sensitive to returns on the market. As the market goes up or down, Dalian Thermal is expected to follow. Please check Dalian Thermal's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Dalian Thermal's price patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Dalian Thermal Power has modest predictability. Overlapping area represents the amount of predictability between Dalian Thermal 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 Dalian Thermal Power price movement. The serial correlation of 0.52 indicates that about 52.0% of current Dalian Thermal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Dalian Thermal Power lagged returns against current returns
Autocorrelation, which is Dalian Thermal 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 Dalian Thermal's stock expected returns. We can calculate the autocorrelation of Dalian Thermal returns to help us make a trade decision. For example, suppose you find that Dalian Thermal 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 |
Dalian Thermal 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 Dalian Thermal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dalian Thermal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dalian Thermal stock over time.
Current vs Lagged Prices |
| Timeline |
Dalian Thermal Lagged Returns
When evaluating Dalian Thermal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dalian Thermal stock have on its future price. Dalian Thermal 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, Dalian Thermal autocorrelation shows the relationship between Dalian Thermal stock current value and its past values and can show if there is a momentum factor associated with investing in Dalian Thermal Power.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Dalian Stock
Dalian Thermal financial ratios help investors to determine whether Dalian 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 Dalian with respect to the benefits of owning Dalian Thermal security.