Flat Glass (China) Market Value
| 601865 Stock | 25.20 1.88 6.94% |
| Symbol | Flat |
Flat Glass '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 Flat Glass' 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 Flat Glass.
| 05/28/2024 |
| 11/24/2024 |
If you would invest 0.00 in Flat Glass on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding Flat Glass Group or generate 0.0% return on investment in Flat Glass over 180 days. Flat Glass is related to or competes with Suzhou Weizhixiang, Panda Dairy, HaiXin Foods, Jiajia Food, Gan Yuan, and Ligao Foods. Flat Glass is entity of China. It is traded as Stock on SHG exchange. More
Flat Glass 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 Flat Glass' 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 Flat Glass Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.81 | |||
| Information Ratio | 0.1036 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 10.0 |
Flat Glass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flat Glass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flat Glass' standard deviation. In reality, there are many statistical measures that can use Flat Glass historical prices to predict the future Flat Glass' volatility.| Risk Adjusted Performance | 0.1105 | |||
| Jensen Alpha | 0.7856 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1194 | |||
| Treynor Ratio | (0.33) |
Flat Glass Group Backtested Returns
Flat Glass appears to be somewhat reliable, given 3 months investment horizon. Flat Glass Group secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had a 0.19% return per unit of standard deviation over the last 3 months. By reviewing Flat Glass' technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please utilize Flat Glass' Mean Deviation of 3.31, downside deviation of 3.81, and Semi Deviation of 3.44 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Flat Glass holds a performance score of 14. The firm shows a Beta (market volatility) of -1.73, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Flat Glass are expected to decrease by larger amounts. On the other hand, during market turmoil, Flat Glass is expected to outperform it. Please check Flat Glass' downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Flat Glass' price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Flat Glass Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Flat Glass time series from 28th of May 2024 to 26th of August 2024 and 26th of August 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 Flat Glass Group price movement. The serial correlation of -0.75 indicates that around 75.0% of current Flat Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 19.05 |
Flat Glass Group lagged returns against current returns
Autocorrelation, which is Flat Glass 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 Flat Glass' stock expected returns. We can calculate the autocorrelation of Flat Glass returns to help us make a trade decision. For example, suppose you find that Flat Glass 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 |
Flat Glass 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 Flat Glass stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flat Glass stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flat Glass stock over time.
Current vs Lagged Prices |
| Timeline |
Flat Glass Lagged Returns
When evaluating Flat Glass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flat Glass stock have on its future price. Flat Glass 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, Flat Glass autocorrelation shows the relationship between Flat Glass stock current value and its past values and can show if there is a momentum factor associated with investing in Flat Glass Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Flat Stock
Flat Glass financial ratios help investors to determine whether Flat 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 Flat with respect to the benefits of owning Flat Glass security.