Hunan Fangsheng (China) Market Value
| 603998 Stock | 11.28 0.09 0.80% |
| Symbol | Hunan |
Hunan Fangsheng '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 Hunan Fangsheng'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 Hunan Fangsheng.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Hunan Fangsheng on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Hunan Fangsheng Pharm or generate 0.0% return on investment in Hunan Fangsheng over 30 days. Hunan Fangsheng is related to or competes with BeiGene, Kweichow Moutai, Beijing Roborock, G Bits, China Mobile, Jiangsu Bioperfectus, and Changchun High. Hunan Fangsheng is entity of China. It is traded as Stock on SHG exchange. More
Hunan Fangsheng 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 Hunan Fangsheng'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 Hunan Fangsheng Pharm upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.93 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 4.63 |
Hunan Fangsheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hunan Fangsheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hunan Fangsheng's standard deviation. In reality, there are many statistical measures that can use Hunan Fangsheng historical prices to predict the future Hunan Fangsheng's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.75) |
Hunan Fangsheng Pharm Backtested Returns
Hunan Fangsheng appears to be somewhat reliable, given 3 months investment horizon. Hunan Fangsheng Pharm holds Efficiency (Sharpe) Ratio of 0.0947, which attests that the entity had a 0.0947% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Hunan Fangsheng Pharm, which you can use to evaluate the volatility of the firm. Please utilize Hunan Fangsheng's Standard Deviation of 2.84, insignificant risk adjusted performance, and Market Risk Adjusted Performance of (0.74) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hunan Fangsheng holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.0739, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hunan Fangsheng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hunan Fangsheng is expected to be smaller as well. Please check Hunan Fangsheng's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to make a quick decision on whether Hunan Fangsheng's current trending patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Hunan Fangsheng Pharm has poor reverse predictability. Overlapping area represents the amount of predictability between Hunan Fangsheng time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Hunan Fangsheng Pharm price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Hunan Fangsheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Hunan Fangsheng Pharm lagged returns against current returns
Autocorrelation, which is Hunan Fangsheng 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 Hunan Fangsheng's stock expected returns. We can calculate the autocorrelation of Hunan Fangsheng returns to help us make a trade decision. For example, suppose you find that Hunan Fangsheng 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 |
Hunan Fangsheng 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 Hunan Fangsheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hunan Fangsheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hunan Fangsheng stock over time.
Current vs Lagged Prices |
| Timeline |
Hunan Fangsheng Lagged Returns
When evaluating Hunan Fangsheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hunan Fangsheng stock have on its future price. Hunan Fangsheng 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, Hunan Fangsheng autocorrelation shows the relationship between Hunan Fangsheng stock current value and its past values and can show if there is a momentum factor associated with investing in Hunan Fangsheng Pharm.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hunan Stock
Hunan Fangsheng financial ratios help investors to determine whether Hunan 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 Hunan with respect to the benefits of owning Hunan Fangsheng security.