Zhongtong Guomai (China) Market Value
| 603559 Stock | 11.21 0.05 0.45% |
| Symbol | Zhongtong |
Zhongtong Guomai '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 Zhongtong Guomai'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 Zhongtong Guomai.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Zhongtong Guomai on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Zhongtong Guomai Communication or generate 0.0% return on investment in Zhongtong Guomai over 540 days. Zhongtong Guomai is related to or competes with Kweichow Moutai, NAURA Technology, APT Medical, Contemporary Amperex, and Beijing Roborock. Zhongtong Guomai is entity of China. It is traded as Stock on SHG exchange. More
Zhongtong Guomai 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 Zhongtong Guomai'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 Zhongtong Guomai Communication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.15 | |||
| Information Ratio | 0.2576 | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.05 |
Zhongtong Guomai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongtong Guomai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongtong Guomai's standard deviation. In reality, there are many statistical measures that can use Zhongtong Guomai historical prices to predict the future Zhongtong Guomai's volatility.| Risk Adjusted Performance | 0.2287 | |||
| Jensen Alpha | 1.31 | |||
| Total Risk Alpha | 0.5607 | |||
| Sortino Ratio | 0.2582 | |||
| Treynor Ratio | (1.09) |
Zhongtong Guomai Com Backtested Returns
Zhongtong Guomai appears to be slightly risky, given 3 months investment horizon. Zhongtong Guomai Com shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. By examining Zhongtong Guomai's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please utilize Zhongtong Guomai's Mean Deviation of 3.75, market risk adjusted performance of (1.08), and Downside Deviation of 4.15 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhongtong Guomai holds a performance score of 14. The firm maintains a market beta of -1.08, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Zhongtong Guomai are expected to decrease slowly. On the other hand, during market turmoil, Zhongtong Guomai is expected to outperform it slightly. Please check Zhongtong Guomai's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Zhongtong Guomai's historical returns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Zhongtong Guomai Communication has modest reverse predictability. Overlapping area represents the amount of predictability between Zhongtong Guomai time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Zhongtong Guomai Com price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Zhongtong Guomai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 7.36 |
Zhongtong Guomai Com lagged returns against current returns
Autocorrelation, which is Zhongtong Guomai 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 Zhongtong Guomai's stock expected returns. We can calculate the autocorrelation of Zhongtong Guomai returns to help us make a trade decision. For example, suppose you find that Zhongtong Guomai 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 |
Zhongtong Guomai 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 Zhongtong Guomai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongtong Guomai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongtong Guomai stock over time.
Current vs Lagged Prices |
| Timeline |
Zhongtong Guomai Lagged Returns
When evaluating Zhongtong Guomai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongtong Guomai stock have on its future price. Zhongtong Guomai 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, Zhongtong Guomai autocorrelation shows the relationship between Zhongtong Guomai stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongtong Guomai Communication.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhongtong Stock
Zhongtong Guomai financial ratios help investors to determine whether Zhongtong 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 Zhongtong with respect to the benefits of owning Zhongtong Guomai security.