Zhongtai Securities (China) Market Value
| 600918 Stock | 6.96 0.11 1.61% |
| Symbol | Zhongtai |
Zhongtai Securities '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 Zhongtai Securities' 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 Zhongtai Securities.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Zhongtai Securities on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Zhongtai Securities Co or generate 0.0% return on investment in Zhongtai Securities over 180 days. Zhongtai Securities is related to or competes with Qtone Education, Zhangjiagang Freetrade, Changjiang Publishing, Guangdong Brandmax, Chinese Universe, Beijing Kaiwen, and Easyhome New. Zhongtai Securities is entity of China. It is traded as Stock on SHG exchange. More
Zhongtai Securities 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 Zhongtai Securities' 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 Zhongtai Securities Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.0614 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 5.78 |
Zhongtai Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongtai Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongtai Securities' standard deviation. In reality, there are many statistical measures that can use Zhongtai Securities historical prices to predict the future Zhongtai Securities' volatility.| Risk Adjusted Performance | 0.0891 | |||
| Jensen Alpha | 0.3108 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0735 | |||
| Treynor Ratio | 12.27 |
Zhongtai Securities Backtested Returns
Zhongtai Securities appears to be slightly risky, given 3 months investment horizon. Zhongtai Securities shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhongtai Securities, which you can use to evaluate the volatility of the company. Please utilize Zhongtai Securities' Downside Deviation of 2.53, market risk adjusted performance of 12.28, and Mean Deviation of 1.97 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhongtai Securities holds a performance score of 9. The firm maintains a market beta of 0.0256, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhongtai Securities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhongtai Securities is expected to be smaller as well. Please check Zhongtai Securities' downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Zhongtai Securities' historical returns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Zhongtai Securities Co has modest reverse predictability. Overlapping area represents the amount of predictability between Zhongtai Securities time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Zhongtai Securities price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Zhongtai Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Zhongtai Securities lagged returns against current returns
Autocorrelation, which is Zhongtai Securities 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 Zhongtai Securities' stock expected returns. We can calculate the autocorrelation of Zhongtai Securities returns to help us make a trade decision. For example, suppose you find that Zhongtai Securities 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 |
Zhongtai Securities 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 Zhongtai Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongtai Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongtai Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Zhongtai Securities Lagged Returns
When evaluating Zhongtai Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongtai Securities stock have on its future price. Zhongtai Securities 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, Zhongtai Securities autocorrelation shows the relationship between Zhongtai Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongtai Securities Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhongtai Stock
Zhongtai Securities financial ratios help investors to determine whether Zhongtai 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 Zhongtai with respect to the benefits of owning Zhongtai Securities security.