Holike (China) Market Value
| 603898 Stock | 10.40 0.53 5.37% |
| Symbol | Holike |
Holike '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 Holike'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 Holike.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Holike on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Holike or generate 0.0% return on investment in Holike over 30 days. Holike is related to or competes with Kweichow Moutai, NAURA Technology, Zhejiang Orient, APT Medical, BYD Co, Shenzhen Mindray, and Contemporary Amperex. Holike is entity of China. It is traded as Stock on SHG exchange. More
Holike 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 Holike'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 Holike upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | 0.172 | |||
| Maximum Drawdown | 15.83 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 4.71 |
Holike Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Holike's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Holike's standard deviation. In reality, there are many statistical measures that can use Holike historical prices to predict the future Holike's volatility.| Risk Adjusted Performance | 0.18 | |||
| Jensen Alpha | 0.5574 | |||
| Total Risk Alpha | 0.1405 | |||
| Sortino Ratio | 0.1765 | |||
| Treynor Ratio | 11.81 |
Holike Backtested Returns
Holike appears to be somewhat reliable, given 3 months investment horizon. Holike holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. By evaluating Holike's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Holike's Market Risk Adjusted Performance of 11.82, risk adjusted performance of 0.18, and Downside Deviation of 2.47 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Holike holds a performance score of 20. The company retains a Market Volatility (i.e., Beta) of 0.0477, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Holike's returns are expected to increase less than the market. However, during the bear market, the loss of holding Holike is expected to be smaller as well. Please check Holike's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Holike's current trending patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Holike has average predictability. Overlapping area represents the amount of predictability between Holike time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Holike price movement. The serial correlation of 0.47 indicates that about 47.0% of current Holike price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Holike lagged returns against current returns
Autocorrelation, which is Holike 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 Holike's stock expected returns. We can calculate the autocorrelation of Holike returns to help us make a trade decision. For example, suppose you find that Holike 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 |
Holike 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 Holike stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Holike stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Holike stock over time.
Current vs Lagged Prices |
| Timeline |
Holike Lagged Returns
When evaluating Holike's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Holike stock have on its future price. Holike 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, Holike autocorrelation shows the relationship between Holike stock current value and its past values and can show if there is a momentum factor associated with investing in Holike.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Holike Stock
Holike financial ratios help investors to determine whether Holike 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 Holike with respect to the benefits of owning Holike security.