HUAQIN TECHNOLOGY (China) Market Value
| 603296 Stock | 62.55 0.45 0.72% |
| Symbol | HUAQIN |
Please note, there is a significant difference between HUAQIN TECHNOLOGY's value and its price as these two are different measures arrived at by different means. Investors typically determine if HUAQIN TECHNOLOGY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HUAQIN TECHNOLOGY'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.
HUAQIN TECHNOLOGY '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 HUAQIN TECHNOLOGY'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 HUAQIN TECHNOLOGY.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in HUAQIN TECHNOLOGY on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding HUAQIN TECHNOLOGY LTD or generate 0.0% return on investment in HUAQIN TECHNOLOGY over 240 days. HUAQIN TECHNOLOGY is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, Bank of China, and China Life. HUAQIN TECHNOLOGY is entity of China. It is traded as Stock on SHG exchange. More
HUAQIN TECHNOLOGY 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 HUAQIN TECHNOLOGY'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 HUAQIN TECHNOLOGY LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.1367 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 4.89 |
HUAQIN TECHNOLOGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HUAQIN TECHNOLOGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HUAQIN TECHNOLOGY's standard deviation. In reality, there are many statistical measures that can use HUAQIN TECHNOLOGY historical prices to predict the future HUAQIN TECHNOLOGY's volatility.| Risk Adjusted Performance | 0.1458 | |||
| Jensen Alpha | 0.4925 | |||
| Total Risk Alpha | 0.0334 | |||
| Sortino Ratio | 0.1439 | |||
| Treynor Ratio | 1.16 |
HUAQIN TECHNOLOGY LTD Backtested Returns
HUAQIN TECHNOLOGY appears to be very steady, given 3 months investment horizon. HUAQIN TECHNOLOGY LTD retains Efficiency (Sharpe Ratio) of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. By reviewing HUAQIN TECHNOLOGY's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please utilize HUAQIN TECHNOLOGY's Semi Deviation of 2.45, coefficient of variation of 552.91, and Market Risk Adjusted Performance of 1.17 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HUAQIN TECHNOLOGY holds a performance score of 14. The company owns a Beta (Systematic Risk) of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HUAQIN TECHNOLOGY's returns are expected to increase less than the market. However, during the bear market, the loss of holding HUAQIN TECHNOLOGY is expected to be smaller as well. Please check HUAQIN TECHNOLOGY's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether HUAQIN TECHNOLOGY's current price history will revert.
Auto-correlation | 0.50 |
Modest predictability
HUAQIN TECHNOLOGY LTD has modest predictability. Overlapping area represents the amount of predictability between HUAQIN TECHNOLOGY time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 HUAQIN TECHNOLOGY LTD price movement. The serial correlation of 0.5 indicates that about 50.0% of current HUAQIN TECHNOLOGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 46.69 |
HUAQIN TECHNOLOGY LTD lagged returns against current returns
Autocorrelation, which is HUAQIN TECHNOLOGY 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 HUAQIN TECHNOLOGY's stock expected returns. We can calculate the autocorrelation of HUAQIN TECHNOLOGY returns to help us make a trade decision. For example, suppose you find that HUAQIN TECHNOLOGY 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 |
HUAQIN TECHNOLOGY 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 HUAQIN TECHNOLOGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HUAQIN TECHNOLOGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HUAQIN TECHNOLOGY stock over time.
Current vs Lagged Prices |
| Timeline |
HUAQIN TECHNOLOGY Lagged Returns
When evaluating HUAQIN TECHNOLOGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HUAQIN TECHNOLOGY stock have on its future price. HUAQIN TECHNOLOGY 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, HUAQIN TECHNOLOGY autocorrelation shows the relationship between HUAQIN TECHNOLOGY stock current value and its past values and can show if there is a momentum factor associated with investing in HUAQIN TECHNOLOGY LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HUAQIN Stock
HUAQIN TECHNOLOGY financial ratios help investors to determine whether HUAQIN 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 HUAQIN with respect to the benefits of owning HUAQIN TECHNOLOGY security.