Hainan Haiqi (China) Market Value
| 603069 Stock | 19.14 0.82 4.11% |
| Symbol | Hainan |
Hainan Haiqi '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 Haiqi'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 Haiqi.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Hainan Haiqi on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hainan Haiqi Transportation or generate 0.0% return on investment in Hainan Haiqi over 30 days. Hainan Haiqi is related to or competes with Dongfeng Automobile, Sinomach Automobile, China Reform, Heren Health, Hangzhou Coco, Iat Automobile, and Humanwell Healthcare. Hainan Haiqi is entity of China. It is traded as Stock on SHG exchange. More
Hainan Haiqi 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 Haiqi'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 Haiqi Transportation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.0567 | |||
| Maximum Drawdown | 17.02 | |||
| Value At Risk | (4.59) | |||
| Potential Upside | 5.02 |
Hainan Haiqi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hainan Haiqi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hainan Haiqi's standard deviation. In reality, there are many statistical measures that can use Hainan Haiqi historical prices to predict the future Hainan Haiqi's volatility.| Risk Adjusted Performance | 0.0849 | |||
| Jensen Alpha | 0.3271 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0545 | |||
| Treynor Ratio | (0.89) |
Hainan Haiqi Transpo Backtested Returns
Hainan Haiqi appears to be not too volatile, given 3 months investment horizon. Hainan Haiqi Transpo holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hainan Haiqi Transpo, which you can use to evaluate the volatility of the firm. Please utilize Hainan Haiqi's Downside Deviation of 3.07, risk adjusted performance of 0.0849, and Market Risk Adjusted Performance of (0.88) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hainan Haiqi holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hainan Haiqi are expected to decrease at a much lower rate. During the bear market, Hainan Haiqi is likely to outperform the market. Please check Hainan Haiqi's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Hainan Haiqi's current trending patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Hainan Haiqi Transportation has very good reverse predictability. Overlapping area represents the amount of predictability between Hainan Haiqi time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Hainan Haiqi Transpo price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Hainan Haiqi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Hainan Haiqi Transpo lagged returns against current returns
Autocorrelation, which is Hainan Haiqi 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 Haiqi's stock expected returns. We can calculate the autocorrelation of Hainan Haiqi returns to help us make a trade decision. For example, suppose you find that Hainan Haiqi 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 |
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Hainan Haiqi 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 Haiqi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hainan Haiqi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hainan Haiqi stock over time.
Current vs Lagged Prices |
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Hainan Haiqi Lagged Returns
When evaluating Hainan Haiqi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hainan Haiqi stock have on its future price. Hainan Haiqi 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 Haiqi autocorrelation shows the relationship between Hainan Haiqi stock current value and its past values and can show if there is a momentum factor associated with investing in Hainan Haiqi Transportation.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Hainan Stock
Hainan Haiqi 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 Haiqi security.