Huatai Securities (China) Market Value
| 601688 Stock | 18.24 0.07 0.39% |
| Symbol | Huatai |
Huatai 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 Huatai 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 Huatai Securities.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Huatai Securities on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Huatai Securities Co or generate 0.0% return on investment in Huatai Securities over 180 days. Huatai Securities is related to or competes with Peoples Insurance, Jiangsu Financial, China Construction, Chengdu Spaceon, Shanghai Jinfeng, and Ping An. Huatai Securities is entity of China. It is traded as Stock on SHG exchange. More
Huatai 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 Huatai 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 Huatai Securities Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | 0.1781 | |||
| Maximum Drawdown | 17.85 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 6.44 |
Huatai Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huatai Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huatai Securities' standard deviation. In reality, there are many statistical measures that can use Huatai Securities historical prices to predict the future Huatai Securities' volatility.| Risk Adjusted Performance | 0.1723 | |||
| Jensen Alpha | 0.6877 | |||
| Total Risk Alpha | 0.231 | |||
| Sortino Ratio | 0.2377 | |||
| Treynor Ratio | (1.27) |
Huatai Securities Backtested Returns
Huatai Securities appears to be not too volatile, given 3 months investment horizon. Huatai Securities holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of standard deviation over the last 3 months. By evaluating Huatai Securities' technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please utilize Huatai Securities' risk adjusted performance of 0.1723, and Market Risk Adjusted Performance of (1.26) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Huatai Securities holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of -0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Huatai Securities are expected to decrease at a much lower rate. During the bear market, Huatai Securities is likely to outperform the market. Please check Huatai Securities' mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Huatai Securities' current trending patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Huatai Securities Co has weak reverse predictability. Overlapping area represents the amount of predictability between Huatai Securities time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Huatai Securities price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Huatai Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 5.16 |
Huatai Securities lagged returns against current returns
Autocorrelation, which is Huatai 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 Huatai Securities' stock expected returns. We can calculate the autocorrelation of Huatai Securities returns to help us make a trade decision. For example, suppose you find that Huatai 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 |
Huatai 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 Huatai Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huatai Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huatai Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Huatai Securities Lagged Returns
When evaluating Huatai Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huatai Securities stock have on its future price. Huatai 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, Huatai Securities autocorrelation shows the relationship between Huatai Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Huatai Securities Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Huatai Stock
Huatai Securities financial ratios help investors to determine whether Huatai 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 Huatai with respect to the benefits of owning Huatai Securities security.