Eyebright Medical (China) Market Value
| 688050 Stock | 88.50 1.78 1.97% |
| Symbol | Eyebright |
Eyebright Medical '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 Eyebright Medical'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 Eyebright Medical.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Eyebright Medical on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Eyebright Medical Technology or generate 0.0% return on investment in Eyebright Medical over 30 days. Eyebright Medical is related to or competes with PetroChina, China Mobile, Ping An, China Petroleum, China Telecom, Kweichow Moutai, and China Life. Eyebright Medical is entity of China. It is traded as Stock on SHG exchange. More
Eyebright Medical 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 Eyebright Medical'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 Eyebright Medical Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.39 | |||
| Information Ratio | 0.042 | |||
| Maximum Drawdown | 25.04 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 8.39 |
Eyebright Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eyebright Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eyebright Medical's standard deviation. In reality, there are many statistical measures that can use Eyebright Medical historical prices to predict the future Eyebright Medical's volatility.| Risk Adjusted Performance | 0.0621 | |||
| Jensen Alpha | 0.2256 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0548 | |||
| Treynor Ratio | 0.4585 |
Eyebright Medical Backtested Returns
Eyebright Medical appears to be very steady, given 3 months investment horizon. Eyebright Medical secures Sharpe Ratio (or Efficiency) of 0.083, which denotes the company had a 0.083% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eyebright Medical Technology, which you can use to evaluate the volatility of the firm. Please utilize Eyebright Medical's Downside Deviation of 3.39, coefficient of variation of 1423.01, and Mean Deviation of 3.27 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eyebright Medical holds a performance score of 6. The firm shows a Beta (market volatility) of 0.66, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eyebright Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eyebright Medical is expected to be smaller as well. Please check Eyebright Medical's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Eyebright Medical's price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Eyebright Medical Technology has modest reverse predictability. Overlapping area represents the amount of predictability between Eyebright Medical 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 Eyebright Medical price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Eyebright Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 15.68 |
Eyebright Medical lagged returns against current returns
Autocorrelation, which is Eyebright Medical 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 Eyebright Medical's stock expected returns. We can calculate the autocorrelation of Eyebright Medical returns to help us make a trade decision. For example, suppose you find that Eyebright Medical 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 |
Eyebright Medical 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 Eyebright Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eyebright Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eyebright Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Eyebright Medical Lagged Returns
When evaluating Eyebright Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eyebright Medical stock have on its future price. Eyebright Medical 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, Eyebright Medical autocorrelation shows the relationship between Eyebright Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Eyebright Medical Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eyebright Stock
Eyebright Medical financial ratios help investors to determine whether Eyebright 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 Eyebright with respect to the benefits of owning Eyebright Medical security.