Epoxy Base (China) Market Value
| 603002 Stock | 5.23 0.18 3.33% |
| Symbol | Epoxy |
Epoxy Base '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 Epoxy Base'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 Epoxy Base.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Epoxy Base on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Epoxy Base Electronic or generate 0.0% return on investment in Epoxy Base over 720 days. Epoxy Base is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Epoxy Base is entity of China. It is traded as Stock on SHG exchange. More
Epoxy Base 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 Epoxy Base'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 Epoxy Base Electronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.43 | |||
| Information Ratio | 0.0315 | |||
| Maximum Drawdown | 19.89 | |||
| Value At Risk | (4.60) | |||
| Potential Upside | 4.36 |
Epoxy Base Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Epoxy Base's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Epoxy Base's standard deviation. In reality, there are many statistical measures that can use Epoxy Base historical prices to predict the future Epoxy Base's volatility.| Risk Adjusted Performance | 0.0615 | |||
| Jensen Alpha | 0.2735 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0312 | |||
| Treynor Ratio | (0.60) |
Epoxy Base Electronic Backtested Returns
Epoxy Base appears to be relatively risky, given 3 months investment horizon. Epoxy Base Electronic secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Epoxy Base Electronic, which you can use to evaluate the volatility of the firm. Please utilize Epoxy Base's Downside Deviation of 3.43, mean deviation of 2.41, and Coefficient Of Variation of 1427.38 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Epoxy Base holds a performance score of 8. The firm shows a Beta (market volatility) of -0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Epoxy Base are expected to decrease at a much lower rate. During the bear market, Epoxy Base is likely to outperform the market. Please check Epoxy Base's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Epoxy Base's price patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Epoxy Base Electronic has insignificant reverse predictability. Overlapping area represents the amount of predictability between Epoxy Base time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Epoxy Base Electronic price movement. The serial correlation of -0.16 indicates that over 16.0% of current Epoxy Base price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Epoxy Base Electronic lagged returns against current returns
Autocorrelation, which is Epoxy Base 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 Epoxy Base's stock expected returns. We can calculate the autocorrelation of Epoxy Base returns to help us make a trade decision. For example, suppose you find that Epoxy Base 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 |
Epoxy Base 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 Epoxy Base stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Epoxy Base stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Epoxy Base stock over time.
Current vs Lagged Prices |
| Timeline |
Epoxy Base Lagged Returns
When evaluating Epoxy Base's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Epoxy Base stock have on its future price. Epoxy Base 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, Epoxy Base autocorrelation shows the relationship between Epoxy Base stock current value and its past values and can show if there is a momentum factor associated with investing in Epoxy Base Electronic.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Epoxy Stock
Epoxy Base financial ratios help investors to determine whether Epoxy 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 Epoxy with respect to the benefits of owning Epoxy Base security.