Zhuzhou Kibing (China) Market Value
| 601636 Stock | 6.03 0.06 1.01% |
| Symbol | Zhuzhou |
Zhuzhou Kibing '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 Zhuzhou Kibing'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 Zhuzhou Kibing.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Zhuzhou Kibing on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Zhuzhou Kibing Group or generate 0.0% return on investment in Zhuzhou Kibing over 720 days. Zhuzhou Kibing is related to or competes with Guangzhou Haige, Eastern Communications, Sunwave Communications, Shenzhen Kexin, Dr Peng, and State Grid. Zhuzhou Kibing is entity of China. It is traded as Stock on SHG exchange. More
Zhuzhou Kibing 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 Zhuzhou Kibing'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 Zhuzhou Kibing Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.0113 | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 6.83 |
Zhuzhou Kibing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhuzhou Kibing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhuzhou Kibing's standard deviation. In reality, there are many statistical measures that can use Zhuzhou Kibing historical prices to predict the future Zhuzhou Kibing's volatility.| Risk Adjusted Performance | 0.046 | |||
| Jensen Alpha | 0.2082 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0132 | |||
| Treynor Ratio | (0.38) |
Zhuzhou Kibing Group Backtested Returns
Zhuzhou Kibing appears to be moderately volatile, given 3 months investment horizon. Zhuzhou Kibing Group shows Sharpe Ratio of 0.0841, which attests that the company had a 0.0841% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhuzhou Kibing Group, which you can use to evaluate the volatility of the company. Please utilize Zhuzhou Kibing's Downside Deviation of 2.87, mean deviation of 2.37, and Market Risk Adjusted Performance of (0.37) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhuzhou Kibing holds a performance score of 6. The firm maintains a market beta of -0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhuzhou Kibing are expected to decrease at a much lower rate. During the bear market, Zhuzhou Kibing is likely to outperform the market. Please check Zhuzhou Kibing's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Zhuzhou Kibing's historical returns will revert.
Auto-correlation | 0.23 |
Weak predictability
Zhuzhou Kibing Group has weak predictability. Overlapping area represents the amount of predictability between Zhuzhou Kibing time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Zhuzhou Kibing Group price movement. The serial correlation of 0.23 indicates that over 23.0% of current Zhuzhou Kibing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Zhuzhou Kibing Group lagged returns against current returns
Autocorrelation, which is Zhuzhou Kibing 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 Zhuzhou Kibing's stock expected returns. We can calculate the autocorrelation of Zhuzhou Kibing returns to help us make a trade decision. For example, suppose you find that Zhuzhou Kibing 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 |
Zhuzhou Kibing 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 Zhuzhou Kibing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhuzhou Kibing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhuzhou Kibing stock over time.
Current vs Lagged Prices |
| Timeline |
Zhuzhou Kibing Lagged Returns
When evaluating Zhuzhou Kibing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhuzhou Kibing stock have on its future price. Zhuzhou Kibing 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, Zhuzhou Kibing autocorrelation shows the relationship between Zhuzhou Kibing stock current value and its past values and can show if there is a momentum factor associated with investing in Zhuzhou Kibing Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhuzhou Stock
Zhuzhou Kibing financial ratios help investors to determine whether Zhuzhou 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 Zhuzhou with respect to the benefits of owning Zhuzhou Kibing security.