A Zenith (China) Market Value
| 603389 Stock | 6.42 0.13 2.07% |
| Symbol | 603389 |
A Zenith '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 A Zenith'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 A Zenith.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in A Zenith on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding A Zenith Home Furnishings or generate 0.0% return on investment in A Zenith over 30 days. A Zenith is related to or competes with Changchun BCHT, China World, Fujian Nanwang, Ningbo MedicalSystem, Elite Color, Changjiang Jinggong, and Penyao Environmental. A Zenith is entity of China. It is traded as Stock on SHG exchange. More
A Zenith 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 A Zenith'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 A Zenith Home Furnishings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.72 | |||
| Information Ratio | 0.0257 | |||
| Maximum Drawdown | 18.58 | |||
| Value At Risk | (7.71) | |||
| Potential Upside | 4.82 |
A Zenith Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for A Zenith's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as A Zenith's standard deviation. In reality, there are many statistical measures that can use A Zenith historical prices to predict the future A Zenith's volatility.| Risk Adjusted Performance | 0.0561 | |||
| Jensen Alpha | 0.3293 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0201 | |||
| Treynor Ratio | (0.27) |
A Zenith Home Backtested Returns
At this point, A Zenith is moderately volatile. A Zenith Home secures Sharpe Ratio (or Efficiency) of 0.0496, which signifies that the company had a 0.0496% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for A Zenith Home Furnishings, which you can use to evaluate the volatility of the entity. Please confirm A Zenith's Mean Deviation of 2.72, coefficient of variation of 1585.91, and Market Risk Adjusted Performance of (0.26) to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. A Zenith has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning A Zenith are expected to decrease at a much lower rate. During the bear market, A Zenith is likely to outperform the market. A Zenith Home today shows a risk of 3.83%. Please confirm A Zenith Home maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if A Zenith Home will be following its price patterns.
Auto-correlation | -0.81 |
Excellent reverse predictability
A Zenith Home Furnishings has excellent reverse predictability. Overlapping area represents the amount of predictability between A Zenith time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 A Zenith Home price movement. The serial correlation of -0.81 indicates that around 81.0% of current A Zenith price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
A Zenith Home lagged returns against current returns
Autocorrelation, which is A Zenith 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 A Zenith's stock expected returns. We can calculate the autocorrelation of A Zenith returns to help us make a trade decision. For example, suppose you find that A Zenith 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 |
A Zenith 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 A Zenith stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if A Zenith stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in A Zenith stock over time.
Current vs Lagged Prices |
| Timeline |
A Zenith Lagged Returns
When evaluating A Zenith's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of A Zenith stock have on its future price. A Zenith 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, A Zenith autocorrelation shows the relationship between A Zenith stock current value and its past values and can show if there is a momentum factor associated with investing in A Zenith Home Furnishings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 603389 Stock
A Zenith financial ratios help investors to determine whether 603389 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 603389 with respect to the benefits of owning A Zenith security.