Hainan Haiqi (China) Market Value
| 603069 Stock | 18.07 0.59 3.16% |
| 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.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Hainan Haiqi on February 28, 2023 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 720 days. Hainan Haiqi is related to or competes with Hunan Investment, Zhongrun Resources, Beijing Mainstreets, Fiberhome Telecommunicatio, Zhejiang Construction, Jilin Jlu, and CICT Mobile. 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.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 16.43 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.15 |
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 | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.57) |
Hainan Haiqi Transpo Backtested Returns
Hainan Haiqi Transpo holds Efficiency (Sharpe) Ratio of -0.0398, which attests that the entity had a -0.0398 % return per unit of risk over the last 3 months. Hainan Haiqi Transpo exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hainan Haiqi's Standard Deviation of 2.88, market risk adjusted performance of (0.56), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hainan Haiqi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hainan Haiqi is expected to be smaller as well. At this point, Hainan Haiqi Transpo has a negative expected return of -0.11%. Please make sure to check out Hainan Haiqi's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Hainan Haiqi Transpo performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Hainan Haiqi Transportation has insignificant predictability. Overlapping area represents the amount of predictability between Hainan Haiqi time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. 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 0.15 indicates that less than 15.0% of current Hainan Haiqi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 2.79 |
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 |
| Timeline |
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 |
| Timeline |
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 |
| Timeline |
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.