Hangzhou Pinming (China) Market Value
| 688109 Stock | 27.92 0.63 2.21% |
| Symbol | Hangzhou |
Hangzhou Pinming '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 Hangzhou Pinming'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 Hangzhou Pinming.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Hangzhou Pinming on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Hangzhou Pinming Software or generate 0.0% return on investment in Hangzhou Pinming over 720 days. Hangzhou Pinming is related to or competes with Shenzhen Kexin, Beijing Wandong, Blue Sail, Winner Medical, Guangzhou Haige, Allmed Medical, and Fiberhome Telecommunicatio. Hangzhou Pinming is entity of China. It is traded as Stock on SHG exchange. More
Hangzhou Pinming 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 Hangzhou Pinming'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 Hangzhou Pinming Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.21 | |||
| Information Ratio | 0.0016 | |||
| Maximum Drawdown | 27.94 | |||
| Value At Risk | (5.29) | |||
| Potential Upside | 8.94 |
Hangzhou Pinming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Pinming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Pinming's standard deviation. In reality, there are many statistical measures that can use Hangzhou Pinming historical prices to predict the future Hangzhou Pinming's volatility.| Risk Adjusted Performance | 0.0331 | |||
| Jensen Alpha | 0.1359 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | 0.0016 | |||
| Treynor Ratio | (1.88) |
Hangzhou Pinming Software Backtested Returns
At this point, Hangzhou Pinming is not too volatile. Hangzhou Pinming Software holds Efficiency (Sharpe) Ratio of 0.0461, which attests that the entity had a 0.0461% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hangzhou Pinming Software, which you can use to evaluate the volatility of the firm. Please check out Hangzhou Pinming's Market Risk Adjusted Performance of (1.87), downside deviation of 4.21, and Risk Adjusted Performance of 0.0331 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Hangzhou Pinming has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.068, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hangzhou Pinming are expected to decrease at a much lower rate. During the bear market, Hangzhou Pinming is likely to outperform the market. Hangzhou Pinming Software right now retains a risk of 4.02%. Please check out Hangzhou Pinming standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Hangzhou Pinming will be following its current trending patterns.
Auto-correlation | 0.11 |
Insignificant predictability
Hangzhou Pinming Software has insignificant predictability. Overlapping area represents the amount of predictability between Hangzhou Pinming time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Hangzhou Pinming Software price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Hangzhou Pinming price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 9.18 |
Hangzhou Pinming Software lagged returns against current returns
Autocorrelation, which is Hangzhou Pinming 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 Hangzhou Pinming's stock expected returns. We can calculate the autocorrelation of Hangzhou Pinming returns to help us make a trade decision. For example, suppose you find that Hangzhou Pinming 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 |
Hangzhou Pinming 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 Hangzhou Pinming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Pinming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Pinming stock over time.
Current vs Lagged Prices |
| Timeline |
Hangzhou Pinming Lagged Returns
When evaluating Hangzhou Pinming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Pinming stock have on its future price. Hangzhou Pinming 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, Hangzhou Pinming autocorrelation shows the relationship between Hangzhou Pinming stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Pinming Software.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hangzhou Stock
Hangzhou Pinming financial ratios help investors to determine whether Hangzhou 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 Hangzhou with respect to the benefits of owning Hangzhou Pinming security.