Dr Peng (China) Market Value
| 600804 Stock | 1.94 0.09 4.86% |
| Symbol | 600804 |
Dr Peng '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 Dr Peng'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 Dr Peng.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Dr Peng on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Dr Peng Telecom or generate 0.0% return on investment in Dr Peng over 570 days. Dr Peng is related to or competes with Tibet Huayu, Anhui Transport, Zhongshan Broad-Ocean, Jiangsu Broadcasting, Qinghaihuading Industrial, Chengtun Mining, and Hainan Mining. Dr Peng is entity of China. It is traded as Stock on SHG exchange. More
Dr Peng 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 Dr Peng'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 Dr Peng Telecom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.27 | |||
| Information Ratio | 0.125 | |||
| Maximum Drawdown | 10.53 | |||
| Value At Risk | (5.10) | |||
| Potential Upside | 5.23 |
Dr Peng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dr Peng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dr Peng's standard deviation. In reality, there are many statistical measures that can use Dr Peng historical prices to predict the future Dr Peng's volatility.| Risk Adjusted Performance | 0.1276 | |||
| Jensen Alpha | 0.6564 | |||
| Total Risk Alpha | 0.0119 | |||
| Sortino Ratio | 0.1185 | |||
| Treynor Ratio | (2.06) |
Dr Peng Telecom Backtested Returns
Dr Peng appears to be dangerous, given 3 months investment horizon. Dr Peng Telecom retains Efficiency (Sharpe Ratio) of 0.11, which denotes the company had a 0.11% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for Dr Peng, which you can use to evaluate the volatility of the firm. Please utilize Dr Peng's Downside Deviation of 4.27, standard deviation of 4.05, and Market Risk Adjusted Performance of (2.05) to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dr Peng holds a performance score of 8. The firm owns a Beta (Systematic Risk) of -0.3, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dr Peng are expected to decrease at a much lower rate. During the bear market, Dr Peng is likely to outperform the market. Please check Dr Peng's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Dr Peng's current price history will revert.
Auto-correlation | 0.52 |
Modest predictability
Dr Peng Telecom has modest predictability. Overlapping area represents the amount of predictability between Dr Peng time series from 9th of May 2023 to 18th of February 2024 and 18th of February 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 Dr Peng Telecom price movement. The serial correlation of 0.52 indicates that about 52.0% of current Dr Peng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Dr Peng Telecom lagged returns against current returns
Autocorrelation, which is Dr Peng 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 Dr Peng's stock expected returns. We can calculate the autocorrelation of Dr Peng returns to help us make a trade decision. For example, suppose you find that Dr Peng 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 |
Dr Peng 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 Dr Peng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dr Peng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dr Peng stock over time.
Current vs Lagged Prices |
| Timeline |
Dr Peng Lagged Returns
When evaluating Dr Peng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dr Peng stock have on its future price. Dr Peng 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, Dr Peng autocorrelation shows the relationship between Dr Peng stock current value and its past values and can show if there is a momentum factor associated with investing in Dr Peng Telecom.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 600804 Stock
Dr Peng financial ratios help investors to determine whether 600804 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 600804 with respect to the benefits of owning Dr Peng security.