Liaoning Dingjide's market value is the price at which a share of Liaoning Dingjide trades on a public exchange. It measures the collective expectations of Liaoning Dingjide Petrochemical investors about its performance. Liaoning Dingjide is trading at 29.45 as of the 1st of February 2025, a 0.51% down since the beginning of the trading day. The stock's open price was 29.6. With this module, you can estimate the performance of a buy and hold strategy of Liaoning Dingjide Petrochemical and determine expected loss or profit from investing in Liaoning Dingjide over a given investment horizon. Check out Liaoning Dingjide Correlation, Liaoning Dingjide Volatility and Liaoning Dingjide Alpha and Beta module to complement your research on Liaoning Dingjide.
Please note, there is a significant difference between Liaoning Dingjide's value and its price as these two are different measures arrived at by different means. Investors typically determine if Liaoning Dingjide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Liaoning Dingjide's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Liaoning Dingjide '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 Liaoning Dingjide'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 Liaoning Dingjide.
0.00
01/02/2025
No Change 0.00
0.0
In 31 days
02/01/2025
0.00
If you would invest 0.00 in Liaoning Dingjide on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Liaoning Dingjide Petrochemical or generate 0.0% return on investment in Liaoning Dingjide over 30 days. Liaoning Dingjide is related to or competes with Fibocom Wireless, Beijing Kingsoft, Lutian Machinery, Senci Electric, and China Sports. Liaoning Dingjide is entity of China. It is traded as Stock on SHG exchange. More
Liaoning Dingjide 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 Liaoning Dingjide'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 Liaoning Dingjide Petrochemical upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Liaoning Dingjide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Liaoning Dingjide's standard deviation. In reality, there are many statistical measures that can use Liaoning Dingjide historical prices to predict the future Liaoning Dingjide's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Liaoning Dingjide. Your research has to be compared to or analyzed against Liaoning Dingjide's peers to derive any actionable benefits. When done correctly, Liaoning Dingjide's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Liaoning Dingjide.
Liaoning Dingjide Backtested Returns
At this point, Liaoning Dingjide is not too volatile. Liaoning Dingjide has Sharpe Ratio of 0.041, which conveys that the firm had a 0.041 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Liaoning Dingjide, which you can use to evaluate the volatility of the firm. Please verify Liaoning Dingjide's Risk Adjusted Performance of 0.0384, downside deviation of 3.42, and Mean Deviation of 2.32 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Liaoning Dingjide has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Liaoning Dingjide are expected to decrease at a much lower rate. During the bear market, Liaoning Dingjide is likely to outperform the market. Liaoning Dingjide right now secures a risk of 3.26%. Please verify Liaoning Dingjide Petrochemical mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Liaoning Dingjide Petrochemical will be following its current price movements.
Auto-correlation
0.08
Virtually no predictability
Liaoning Dingjide Petrochemical has virtually no predictability. Overlapping area represents the amount of predictability between Liaoning Dingjide time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st 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 Liaoning Dingjide price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Liaoning Dingjide price fluctuation can be explain by its past prices.
Correlation Coefficient
0.08
Spearman Rank Test
0.19
Residual Average
0.0
Price Variance
0.21
Liaoning Dingjide lagged returns against current returns
Autocorrelation, which is Liaoning Dingjide 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 Liaoning Dingjide's stock expected returns. We can calculate the autocorrelation of Liaoning Dingjide returns to help us make a trade decision. For example, suppose you find that Liaoning Dingjide 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
Liaoning Dingjide 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 Liaoning Dingjide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Liaoning Dingjide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Liaoning Dingjide stock over time.
Current vs Lagged Prices
Timeline
Liaoning Dingjide Lagged Returns
When evaluating Liaoning Dingjide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Liaoning Dingjide stock have on its future price. Liaoning Dingjide 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, Liaoning Dingjide autocorrelation shows the relationship between Liaoning Dingjide stock current value and its past values and can show if there is a momentum factor associated with investing in Liaoning Dingjide Petrochemical.
Liaoning Dingjide financial ratios help investors to determine whether Liaoning 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 Liaoning with respect to the benefits of owning Liaoning Dingjide security.