Qingdao Port (China) Market Value
| 601298 Stock | 8.68 0.11 1.25% |
| Symbol | Qingdao |
Qingdao Port '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 Qingdao Port'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 Qingdao Port.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Qingdao Port on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Qingdao Port International or generate 0.0% return on investment in Qingdao Port over 360 days. Qingdao Port is related to or competes with Duzhe Publishing, Threes Company, Shanghai Xinhua, Inly Media, StarPower Semiconductor, GRINM Semiconductor, and JiShi Media. More
Qingdao Port 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 Qingdao Port'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 Qingdao Port International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 14.11 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 5.26 |
Qingdao Port Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qingdao Port's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qingdao Port's standard deviation. In reality, there are many statistical measures that can use Qingdao Port historical prices to predict the future Qingdao Port's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.65) |
Qingdao Port Interna Backtested Returns
Qingdao Port Interna maintains Sharpe Ratio (i.e., Efficiency) of -0.0369, which implies the firm had a -0.0369% return per unit of risk over the last 3 months. Qingdao Port Interna exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qingdao Port's Risk Adjusted Performance of (0.02), variance of 6.06, and Coefficient Of Variation of (2,712) to confirm the risk estimate we provide. The company holds a Beta of 0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, Qingdao Port's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qingdao Port is expected to be smaller as well. At this point, Qingdao Port Interna has a negative expected return of -0.0908%. Please make sure to check Qingdao Port's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Qingdao Port Interna performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Qingdao Port International has modest reverse predictability. Overlapping area represents the amount of predictability between Qingdao Port time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Qingdao Port Interna price movement. The serial correlation of -0.47 indicates that about 47.0% of current Qingdao Port price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Qingdao Port Interna lagged returns against current returns
Autocorrelation, which is Qingdao Port 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 Qingdao Port's stock expected returns. We can calculate the autocorrelation of Qingdao Port returns to help us make a trade decision. For example, suppose you find that Qingdao Port 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 |
Qingdao Port 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 Qingdao Port stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qingdao Port stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qingdao Port stock over time.
Current vs Lagged Prices |
| Timeline |
Qingdao Port Lagged Returns
When evaluating Qingdao Port's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qingdao Port stock have on its future price. Qingdao Port 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, Qingdao Port autocorrelation shows the relationship between Qingdao Port stock current value and its past values and can show if there is a momentum factor associated with investing in Qingdao Port International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Qingdao Stock
Qingdao Port financial ratios help investors to determine whether Qingdao 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 Qingdao with respect to the benefits of owning Qingdao Port security.