Datang HuaYin (China) Market Value
| 600744 Stock | 3.35 0.07 2.05% |
| Symbol | Datang |
Datang HuaYin '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 Datang HuaYin'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 Datang HuaYin.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Datang HuaYin on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Datang HuaYin Electric or generate 0.0% return on investment in Datang HuaYin over 180 days. Datang HuaYin is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Datang HuaYin is entity of China. It is traded as Stock on SHG exchange. More
Datang HuaYin 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 Datang HuaYin'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 Datang HuaYin Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | 0.03 | |||
| Maximum Drawdown | 19.72 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 3.58 |
Datang HuaYin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Datang HuaYin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Datang HuaYin's standard deviation. In reality, there are many statistical measures that can use Datang HuaYin historical prices to predict the future Datang HuaYin's volatility.| Risk Adjusted Performance | 0.067 | |||
| Jensen Alpha | 0.2033 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0314 | |||
| Treynor Ratio | (4.96) |
Datang HuaYin Electric Backtested Returns
Datang HuaYin appears to be unstable, given 3 months investment horizon. Datang HuaYin Electric secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Datang HuaYin Electric, which you can use to evaluate the volatility of the firm. Please utilize Datang HuaYin's Mean Deviation of 1.88, downside deviation of 2.55, and Coefficient Of Variation of 1277.11 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Datang HuaYin holds a performance score of 10. The firm shows a Beta (market volatility) of -0.04, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Datang HuaYin are expected to decrease at a much lower rate. During the bear market, Datang HuaYin is likely to outperform the market. Please check Datang HuaYin's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Datang HuaYin's price patterns will revert.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Datang HuaYin Electric has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Datang HuaYin time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Datang HuaYin Electric price movement. The serial correlation of -0.79 indicates that around 79.0% of current Datang HuaYin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Datang HuaYin Electric lagged returns against current returns
Autocorrelation, which is Datang HuaYin 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 Datang HuaYin's stock expected returns. We can calculate the autocorrelation of Datang HuaYin returns to help us make a trade decision. For example, suppose you find that Datang HuaYin 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 |
Datang HuaYin 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 Datang HuaYin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Datang HuaYin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Datang HuaYin stock over time.
Current vs Lagged Prices |
| Timeline |
Datang HuaYin Lagged Returns
When evaluating Datang HuaYin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Datang HuaYin stock have on its future price. Datang HuaYin 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, Datang HuaYin autocorrelation shows the relationship between Datang HuaYin stock current value and its past values and can show if there is a momentum factor associated with investing in Datang HuaYin Electric.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Datang Stock
Datang HuaYin financial ratios help investors to determine whether Datang 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 Datang with respect to the benefits of owning Datang HuaYin security.