Longjian Road (China) Market Value
| 600853 Stock | 3.72 0.12 3.12% |
| Symbol | Longjian |
Longjian Road '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 Longjian Road'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 Longjian Road.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Longjian Road on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Longjian Road Bridge or generate 0.0% return on investment in Longjian Road over 720 days. Longjian Road is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Longjian Road is entity of China. It is traded as Stock on SHG exchange. More
Longjian Road 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 Longjian Road'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 Longjian Road Bridge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.1052 | |||
| Maximum Drawdown | 17.02 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 4.0 |
Longjian Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Longjian Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Longjian Road's standard deviation. In reality, there are many statistical measures that can use Longjian Road historical prices to predict the future Longjian Road's volatility.| Risk Adjusted Performance | 0.1223 | |||
| Jensen Alpha | 0.3676 | |||
| Total Risk Alpha | 0.0397 | |||
| Sortino Ratio | 0.1018 | |||
| Treynor Ratio | (1.82) |
Longjian Road Bridge Backtested Returns
Longjian Road appears to be moderately volatile, given 3 months investment horizon. Longjian Road Bridge has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Longjian Road, which you can use to evaluate the volatility of the firm. Please exercise Longjian Road's Downside Deviation of 2.45, risk adjusted performance of 0.1223, and Mean Deviation of 1.64 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Longjian Road holds a performance score of 11. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Longjian Road are expected to decrease at a much lower rate. During the bear market, Longjian Road is likely to outperform the market. Please check Longjian Road's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Longjian Road's current price movements will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Longjian Road Bridge has weak reverse predictability. Overlapping area represents the amount of predictability between Longjian Road time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Longjian Road Bridge price movement. The serial correlation of -0.24 indicates that over 24.0% of current Longjian Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Longjian Road Bridge lagged returns against current returns
Autocorrelation, which is Longjian Road 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 Longjian Road's stock expected returns. We can calculate the autocorrelation of Longjian Road returns to help us make a trade decision. For example, suppose you find that Longjian Road 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 |
Longjian Road 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 Longjian Road stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Longjian Road stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Longjian Road stock over time.
Current vs Lagged Prices |
| Timeline |
Longjian Road Lagged Returns
When evaluating Longjian Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Longjian Road stock have on its future price. Longjian Road 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, Longjian Road autocorrelation shows the relationship between Longjian Road stock current value and its past values and can show if there is a momentum factor associated with investing in Longjian Road Bridge.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Longjian Stock
Longjian Road financial ratios help investors to determine whether Longjian 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 Longjian with respect to the benefits of owning Longjian Road security.