Luoyang Glass (China) Market Value
| 600876 Stock | 10.69 0.10 0.94% |
| Symbol | Luoyang |
Luoyang Glass '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 Luoyang Glass' 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 Luoyang Glass.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Luoyang Glass on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Luoyang Glass or generate 0.0% return on investment in Luoyang Glass over 720 days. Luoyang Glass is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. Luoyang Glass is entity of China. It is traded as Stock on SHG exchange. More
Luoyang Glass 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 Luoyang Glass' 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 Luoyang Glass upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.0841 | |||
| Maximum Drawdown | 19.92 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 6.82 |
Luoyang Glass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Luoyang Glass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Luoyang Glass' standard deviation. In reality, there are many statistical measures that can use Luoyang Glass historical prices to predict the future Luoyang Glass' volatility.| Risk Adjusted Performance | 0.1035 | |||
| Jensen Alpha | 0.4232 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0934 | |||
| Treynor Ratio | (3.61) |
Luoyang Glass Backtested Returns
Luoyang Glass appears to be somewhat reliable, given 3 months investment horizon. Luoyang Glass has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Luoyang Glass, which you can use to evaluate the volatility of the firm. Please exercise Luoyang Glass' Downside Deviation of 3.01, mean deviation of 2.42, and Risk Adjusted Performance of 0.1035 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Luoyang Glass holds a performance score of 8. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Luoyang Glass are expected to decrease at a much lower rate. During the bear market, Luoyang Glass is likely to outperform the market. Please check Luoyang Glass' information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Luoyang Glass' current price movements will revert.
Auto-correlation | 0.74 |
Good predictability
Luoyang Glass has good predictability. Overlapping area represents the amount of predictability between Luoyang Glass time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Luoyang Glass price movement. The serial correlation of 0.74 indicates that around 74.0% of current Luoyang Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 2.85 |
Luoyang Glass lagged returns against current returns
Autocorrelation, which is Luoyang Glass 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 Luoyang Glass' stock expected returns. We can calculate the autocorrelation of Luoyang Glass returns to help us make a trade decision. For example, suppose you find that Luoyang Glass 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 |
Luoyang Glass 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 Luoyang Glass stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Luoyang Glass stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Luoyang Glass stock over time.
Current vs Lagged Prices |
| Timeline |
Luoyang Glass Lagged Returns
When evaluating Luoyang Glass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Luoyang Glass stock have on its future price. Luoyang Glass 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, Luoyang Glass autocorrelation shows the relationship between Luoyang Glass stock current value and its past values and can show if there is a momentum factor associated with investing in Luoyang Glass.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Luoyang Stock
Luoyang Glass financial ratios help investors to determine whether Luoyang 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 Luoyang with respect to the benefits of owning Luoyang Glass security.