Dawning Information (China) Market Value
| 603019 Stock | 74.85 2.85 3.67% |
| Symbol | Dawning |
Dawning Information '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 Dawning Information'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 Dawning Information.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Dawning Information on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Dawning Information Industry or generate 0.0% return on investment in Dawning Information over 60 days. Dawning Information is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, China Merchants, PetroChina, and Industrial Bank. Dawning Information is entity of China. It is traded as Stock on SHG exchange. More
Dawning Information 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 Dawning Information'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 Dawning Information Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.21 | |||
| Information Ratio | 0.2204 | |||
| Maximum Drawdown | 17.07 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 9.99 |
Dawning Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dawning Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dawning Information's standard deviation. In reality, there are many statistical measures that can use Dawning Information historical prices to predict the future Dawning Information's volatility.| Risk Adjusted Performance | 0.2006 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | 0.3907 | |||
| Sortino Ratio | 0.295 | |||
| Treynor Ratio | 4.33 |
Dawning Information Backtested Returns
Dawning Information is very steady given 3 months investment horizon. Dawning Information secures Sharpe Ratio (or Efficiency) of 0.31, which denotes the company had a 0.31% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.36% are justified by taking the suggested risk. Use Dawning Information Coefficient Of Variation of 398.69, mean deviation of 3.3, and Downside Deviation of 3.21 to evaluate company specific risk that cannot be diversified away. Dawning Information holds a performance score of 24 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, Dawning Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dawning Information is expected to be smaller as well. Use Dawning Information jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to analyze future returns on Dawning Information.
Auto-correlation | 0.70 |
Good predictability
Dawning Information Industry has good predictability. Overlapping area represents the amount of predictability between Dawning Information time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 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 Dawning Information price movement. The serial correlation of 0.7 indicates that around 70.0% of current Dawning Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 109.64 |
Dawning Information lagged returns against current returns
Autocorrelation, which is Dawning Information 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 Dawning Information's stock expected returns. We can calculate the autocorrelation of Dawning Information returns to help us make a trade decision. For example, suppose you find that Dawning Information 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 |
Dawning Information 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 Dawning Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dawning Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dawning Information stock over time.
Current vs Lagged Prices |
| Timeline |
Dawning Information Lagged Returns
When evaluating Dawning Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dawning Information stock have on its future price. Dawning Information 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, Dawning Information autocorrelation shows the relationship between Dawning Information stock current value and its past values and can show if there is a momentum factor associated with investing in Dawning Information Industry.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Dawning Stock
Dawning Information financial ratios help investors to determine whether Dawning 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 Dawning with respect to the benefits of owning Dawning Information security.