Hygon Information (China) Market Value
| 688041 Stock | 128.50 1.96 1.55% |
| Symbol | Hygon |
Hygon Information '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 Hygon Information'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 Hygon Information.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Hygon Information on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hygon Information Technology or generate 0.0% return on investment in Hygon Information over 180 days. Hygon Information is related to or competes with BeiGene, Kweichow Moutai, Beijing Roborock, G Bits, China Mobile, Jiangsu Bioperfectus, and Changchun High. Hygon Information is entity of China. It is traded as Stock on SHG exchange. More
Hygon Information 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 Hygon Information'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 Hygon Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.1747 | |||
| Maximum Drawdown | 26.94 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 6.43 |
Hygon Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hygon Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hygon Information's standard deviation. In reality, there are many statistical measures that can use Hygon Information historical prices to predict the future Hygon Information's volatility.| Risk Adjusted Performance | 0.1551 | |||
| Jensen Alpha | 0.862 | |||
| Total Risk Alpha | 0.3769 | |||
| Sortino Ratio | 0.2719 | |||
| Treynor Ratio | 1.44 |
Hygon Information Backtested Returns
Hygon Information is very steady given 3 months investment horizon. Hygon Information holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Hygon Information Technology Downside Deviation of 3.06, risk adjusted performance of 0.1551, and Market Risk Adjusted Performance of 1.45 to evaluate company specific risk that cannot be diversified away. Hygon Information holds a performance score of 16 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.64, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hygon Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hygon Information is expected to be smaller as well. Use Hygon Information Technology semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on Hygon Information Technology.
Auto-correlation | 0.43 |
Average predictability
Hygon Information Technology has average predictability. Overlapping area represents the amount of predictability between Hygon Information time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Hygon Information price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Hygon Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 611.51 |
Hygon Information lagged returns against current returns
Autocorrelation, which is Hygon Information 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 Hygon Information's stock expected returns. We can calculate the autocorrelation of Hygon Information returns to help us make a trade decision. For example, suppose you find that Hygon Information 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 |
Hygon Information 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 Hygon Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hygon Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hygon Information stock over time.
Current vs Lagged Prices |
| Timeline |
Hygon Information Lagged Returns
When evaluating Hygon Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hygon Information stock have on its future price. Hygon Information 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, Hygon Information autocorrelation shows the relationship between Hygon Information stock current value and its past values and can show if there is a momentum factor associated with investing in Hygon Information Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hygon Stock
Hygon Information financial ratios help investors to determine whether Hygon 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 Hygon with respect to the benefits of owning Hygon Information security.