Hainan Mining (China) Market Value
| 601969 Stock | 6.85 0.06 0.87% |
| Symbol | Hainan |
Hainan Mining '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 Hainan Mining'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 Hainan Mining.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Hainan Mining on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Hainan Mining Co or generate 0.0% return on investment in Hainan Mining over 360 days. Hainan Mining is related to or competes with Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. Hainan Mining is entity of China. It is traded as Stock on SHG exchange. More
Hainan Mining 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 Hainan Mining'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 Hainan Mining Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.0764 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 4.74 |
Hainan Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hainan Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hainan Mining's standard deviation. In reality, there are many statistical measures that can use Hainan Mining historical prices to predict the future Hainan Mining's volatility.| Risk Adjusted Performance | 0.0994 | |||
| Jensen Alpha | 0.3545 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0794 | |||
| Treynor Ratio | (5.60) |
Hainan Mining Backtested Returns
Hainan Mining appears to be slightly risky, given 3 months investment horizon. Hainan Mining holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hainan Mining, which you can use to evaluate the volatility of the firm. Please utilize Hainan Mining's Risk Adjusted Performance of 0.0994, downside deviation of 2.85, and Market Risk Adjusted Performance of (5.59) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hainan Mining holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.062, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hainan Mining are expected to decrease at a much lower rate. During the bear market, Hainan Mining is likely to outperform the market. Please check Hainan Mining's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Hainan Mining's current trending patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Hainan Mining Co has good predictability. Overlapping area represents the amount of predictability between Hainan Mining 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 Hainan Mining price movement. The serial correlation of 0.74 indicates that around 74.0% of current Hainan Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Hainan Mining lagged returns against current returns
Autocorrelation, which is Hainan Mining 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 Hainan Mining's stock expected returns. We can calculate the autocorrelation of Hainan Mining returns to help us make a trade decision. For example, suppose you find that Hainan Mining 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 |
Hainan Mining 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 Hainan Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hainan Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hainan Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Hainan Mining Lagged Returns
When evaluating Hainan Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hainan Mining stock have on its future price. Hainan Mining 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, Hainan Mining autocorrelation shows the relationship between Hainan Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Hainan Mining Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hainan Stock
Hainan Mining financial ratios help investors to determine whether Hainan 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 Hainan with respect to the benefits of owning Hainan Mining security.