Fuzhou Rockchip (China) Market Value
| 603893 Stock | 84.29 0.91 1.09% |
| Symbol | Fuzhou |
Fuzhou Rockchip '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 Fuzhou Rockchip'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 Fuzhou Rockchip.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Fuzhou Rockchip on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fuzhou Rockchip Electronics or generate 0.0% return on investment in Fuzhou Rockchip over 30 days. Fuzhou Rockchip is related to or competes with Threes Company, FSPG Hi, Inly Media, ChengDu Hi-Tech, Suzhou Mingzhi, Jilin Jlu, and Tianjin Hi. Fuzhou Rockchip is entity of China. It is traded as Stock on SHG exchange. More
Fuzhou Rockchip 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 Fuzhou Rockchip'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 Fuzhou Rockchip Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.1577 | |||
| Maximum Drawdown | 15.05 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 10.0 |
Fuzhou Rockchip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fuzhou Rockchip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fuzhou Rockchip's standard deviation. In reality, there are many statistical measures that can use Fuzhou Rockchip historical prices to predict the future Fuzhou Rockchip's volatility.| Risk Adjusted Performance | 0.1542 | |||
| Jensen Alpha | 0.6525 | |||
| Total Risk Alpha | 0.1424 | |||
| Sortino Ratio | 0.223 | |||
| Treynor Ratio | 1.38 |
Fuzhou Rockchip Elec Backtested Returns
Fuzhou Rockchip appears to be very steady, given 3 months investment horizon. Fuzhou Rockchip Elec secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the company had a 0.24% return per unit of risk over the last 3 months. By reviewing Fuzhou Rockchip's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please utilize Fuzhou Rockchip's Downside Deviation of 2.68, mean deviation of 2.77, and Coefficient Of Variation of 523.98 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fuzhou Rockchip holds a performance score of 18. The firm shows a Beta (market volatility) of 0.52, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fuzhou Rockchip's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fuzhou Rockchip is expected to be smaller as well. Please check Fuzhou Rockchip's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Fuzhou Rockchip's price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Fuzhou Rockchip Electronics has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fuzhou Rockchip time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Fuzhou Rockchip Elec price movement. The serial correlation of -0.17 indicates that over 17.0% of current Fuzhou Rockchip price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 4.59 |
Fuzhou Rockchip Elec lagged returns against current returns
Autocorrelation, which is Fuzhou Rockchip 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 Fuzhou Rockchip's stock expected returns. We can calculate the autocorrelation of Fuzhou Rockchip returns to help us make a trade decision. For example, suppose you find that Fuzhou Rockchip 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 |
Fuzhou Rockchip 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 Fuzhou Rockchip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fuzhou Rockchip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fuzhou Rockchip stock over time.
Current vs Lagged Prices |
| Timeline |
Fuzhou Rockchip Lagged Returns
When evaluating Fuzhou Rockchip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fuzhou Rockchip stock have on its future price. Fuzhou Rockchip 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, Fuzhou Rockchip autocorrelation shows the relationship between Fuzhou Rockchip stock current value and its past values and can show if there is a momentum factor associated with investing in Fuzhou Rockchip Electronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Fuzhou Stock
Fuzhou Rockchip financial ratios help investors to determine whether Fuzhou 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 Fuzhou with respect to the benefits of owning Fuzhou Rockchip security.