Western Superconducting (China) Market Value
| 688122 Stock | 48.07 1.79 3.87% |
| Symbol | Western |
Western Superconducting '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 Western Superconducting'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 Western Superconducting.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Western Superconducting on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Western Superconducting Tech or generate 0.0% return on investment in Western Superconducting over 30 days. Western Superconducting is related to or competes with Nantong Jiangshan, Guizhou Chanhen, De Rucci, Lotus Health, Heren Health, and HeBei Jinniu. Western Superconducting is entity of China More
Western Superconducting 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 Western Superconducting'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 Western Superconducting Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.0997 | |||
| Maximum Drawdown | 29.34 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 6.08 |
Western Superconducting Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Superconducting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Superconducting's standard deviation. In reality, there are many statistical measures that can use Western Superconducting historical prices to predict the future Western Superconducting's volatility.| Risk Adjusted Performance | 0.1049 | |||
| Jensen Alpha | 0.5385 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1461 | |||
| Treynor Ratio | (1.29) |
Western Superconducting Backtested Returns
Western Superconducting appears to be not too volatile, given 3 months investment horizon. Western Superconducting shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. By examining Western Superconducting's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please utilize Western Superconducting's Market Risk Adjusted Performance of (1.28), downside deviation of 2.74, and Mean Deviation of 2.54 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Western Superconducting holds a performance score of 13. The firm maintains a market beta of -0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Western Superconducting are expected to decrease at a much lower rate. During the bear market, Western Superconducting is likely to outperform the market. Please check Western Superconducting's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Western Superconducting's historical returns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Western Superconducting Tech has weak reverse predictability. Overlapping area represents the amount of predictability between Western Superconducting time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Western Superconducting price movement. The serial correlation of -0.25 indicates that over 25.0% of current Western Superconducting price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 3.78 |
Western Superconducting lagged returns against current returns
Autocorrelation, which is Western Superconducting 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 Western Superconducting's stock expected returns. We can calculate the autocorrelation of Western Superconducting returns to help us make a trade decision. For example, suppose you find that Western Superconducting 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 |
Western Superconducting 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 Western Superconducting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Superconducting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Superconducting stock over time.
Current vs Lagged Prices |
| Timeline |
Western Superconducting Lagged Returns
When evaluating Western Superconducting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Superconducting stock have on its future price. Western Superconducting 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, Western Superconducting autocorrelation shows the relationship between Western Superconducting stock current value and its past values and can show if there is a momentum factor associated with investing in Western Superconducting Tech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Western Stock
Western Superconducting financial ratios help investors to determine whether Western 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 Western with respect to the benefits of owning Western Superconducting security.