Dongxing Sec (China) Market Value
| 601198 Stock | 11.08 0.58 4.97% |
| Symbol | Dongxing |
Dongxing Sec '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 Dongxing Sec'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 Dongxing Sec.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Dongxing Sec on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Dongxing Sec Co or generate 0.0% return on investment in Dongxing Sec over 30 days. Dongxing Sec is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Dongxing Sec is entity of China. It is traded as Stock on SHG exchange. More
Dongxing Sec 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 Dongxing Sec'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 Dongxing Sec Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.0966 | |||
| Maximum Drawdown | 20.42 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 9.99 |
Dongxing Sec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongxing Sec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongxing Sec's standard deviation. In reality, there are many statistical measures that can use Dongxing Sec historical prices to predict the future Dongxing Sec's volatility.| Risk Adjusted Performance | 0.1083 | |||
| Jensen Alpha | 0.5844 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1074 | |||
| Treynor Ratio | (0.63) |
Dongxing Sec Backtested Returns
Dongxing Sec appears to be slightly risky, given 3 months investment horizon. Dongxing Sec secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. By reviewing Dongxing Sec's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize Dongxing Sec's Mean Deviation of 2.66, coefficient of variation of 764.74, and Downside Deviation of 3.44 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dongxing Sec holds a performance score of 12. The firm shows a Beta (market volatility) of -0.78, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dongxing Sec are expected to decrease at a much lower rate. During the bear market, Dongxing Sec is likely to outperform the market. Please check Dongxing Sec's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Dongxing Sec's price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Dongxing Sec Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Dongxing Sec time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Dongxing Sec price movement. The serial correlation of -0.75 indicates that around 75.0% of current Dongxing Sec price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Dongxing Sec lagged returns against current returns
Autocorrelation, which is Dongxing Sec 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 Dongxing Sec's stock expected returns. We can calculate the autocorrelation of Dongxing Sec returns to help us make a trade decision. For example, suppose you find that Dongxing Sec 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 |
Dongxing Sec 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 Dongxing Sec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongxing Sec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongxing Sec stock over time.
Current vs Lagged Prices |
| Timeline |
Dongxing Sec Lagged Returns
When evaluating Dongxing Sec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongxing Sec stock have on its future price. Dongxing Sec 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, Dongxing Sec autocorrelation shows the relationship between Dongxing Sec stock current value and its past values and can show if there is a momentum factor associated with investing in Dongxing Sec Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Dongxing Stock
Dongxing Sec financial ratios help investors to determine whether Dongxing 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 Dongxing with respect to the benefits of owning Dongxing Sec security.