Fuda Alloy (China) Market Value
| 603045 Stock | 12.87 0.05 0.39% |
| Symbol | Fuda |
Fuda Alloy '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 Fuda Alloy'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 Fuda Alloy.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Fuda Alloy on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Fuda Alloy Materials or generate 0.0% return on investment in Fuda Alloy over 600 days. Fuda Alloy is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Fuda Alloy is entity of China. It is traded as Stock on SHG exchange. More
Fuda Alloy 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 Fuda Alloy'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 Fuda Alloy Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.1419 | |||
| Maximum Drawdown | 15.68 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 4.75 |
Fuda Alloy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fuda Alloy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fuda Alloy's standard deviation. In reality, there are many statistical measures that can use Fuda Alloy historical prices to predict the future Fuda Alloy's volatility.| Risk Adjusted Performance | 0.1429 | |||
| Jensen Alpha | 0.5411 | |||
| Total Risk Alpha | 0.1348 | |||
| Sortino Ratio | 0.1678 | |||
| Treynor Ratio | (11.36) |
Fuda Alloy Materials Backtested Returns
Fuda Alloy appears to be somewhat reliable, given 3 months investment horizon. Fuda Alloy Materials secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of risk over the last 3 months. By reviewing Fuda Alloy's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Fuda Alloy's Mean Deviation of 2.19, coefficient of variation of 563.6, and Downside Deviation of 2.6 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fuda Alloy holds a performance score of 17. The firm shows a Beta (market volatility) of -0.0472, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fuda Alloy are expected to decrease at a much lower rate. During the bear market, Fuda Alloy is likely to outperform the market. Please check Fuda Alloy's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Fuda Alloy's price patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Fuda Alloy Materials has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fuda Alloy time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 Fuda Alloy Materials price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Fuda Alloy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.93 |
Fuda Alloy Materials lagged returns against current returns
Autocorrelation, which is Fuda Alloy 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 Fuda Alloy's stock expected returns. We can calculate the autocorrelation of Fuda Alloy returns to help us make a trade decision. For example, suppose you find that Fuda Alloy 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 |
Fuda Alloy 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 Fuda Alloy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fuda Alloy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fuda Alloy stock over time.
Current vs Lagged Prices |
| Timeline |
Fuda Alloy Lagged Returns
When evaluating Fuda Alloy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fuda Alloy stock have on its future price. Fuda Alloy 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, Fuda Alloy autocorrelation shows the relationship between Fuda Alloy stock current value and its past values and can show if there is a momentum factor associated with investing in Fuda Alloy Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Fuda Stock
Fuda Alloy financial ratios help investors to determine whether Fuda 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 Fuda with respect to the benefits of owning Fuda Alloy security.