Dongfang Electric (China) Market Value
| 600875 Stock | 15.07 0.30 1.95% |
| Symbol | Dongfang |
Dongfang Electric '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 Dongfang Electric'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 Dongfang Electric.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Dongfang Electric on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Dongfang Electric Corp or generate 0.0% return on investment in Dongfang Electric over 30 days. Dongfang Electric is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Dongfang Electric is entity of China. It is traded as Stock on SHG exchange. More
Dongfang Electric 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 Dongfang Electric'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 Dongfang Electric Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.0091 | |||
| Maximum Drawdown | 17.24 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 4.03 |
Dongfang Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongfang Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongfang Electric's standard deviation. In reality, there are many statistical measures that can use Dongfang Electric historical prices to predict the future Dongfang Electric's volatility.| Risk Adjusted Performance | 0.0511 | |||
| Jensen Alpha | 0.2251 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0094 | |||
| Treynor Ratio | (0.19) |
Dongfang Electric Corp Backtested Returns
Dongfang Electric appears to be somewhat reliable, given 3 months investment horizon. Dongfang Electric Corp secures Sharpe Ratio (or Efficiency) of 0.0882, which denotes the company had a 0.0882% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dongfang Electric Corp, which you can use to evaluate the volatility of the firm. Please utilize Dongfang Electric's Downside Deviation of 2.5, coefficient of variation of 1741.29, and Mean Deviation of 1.92 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dongfang Electric holds a performance score of 6. The firm shows a Beta (market volatility) of -0.75, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dongfang Electric are expected to decrease at a much lower rate. During the bear market, Dongfang Electric is likely to outperform the market. Please check Dongfang Electric's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Dongfang Electric's price patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Dongfang Electric Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Dongfang Electric time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Dongfang Electric Corp price movement. The serial correlation of -0.67 indicates that around 67.0% of current Dongfang Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Dongfang Electric Corp lagged returns against current returns
Autocorrelation, which is Dongfang Electric 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 Dongfang Electric's stock expected returns. We can calculate the autocorrelation of Dongfang Electric returns to help us make a trade decision. For example, suppose you find that Dongfang Electric 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 |
Dongfang Electric 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 Dongfang Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongfang Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongfang Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Dongfang Electric Lagged Returns
When evaluating Dongfang Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongfang Electric stock have on its future price. Dongfang Electric 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, Dongfang Electric autocorrelation shows the relationship between Dongfang Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Dongfang Electric Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Dongfang Stock
Dongfang Electric financial ratios help investors to determine whether Dongfang 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 Dongfang with respect to the benefits of owning Dongfang Electric security.