Zhuhai Comleader (China) Market Value
| 688175 Stock | 17.47 0.28 1.63% |
| Symbol | Zhuhai |
Zhuhai Comleader '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 Zhuhai Comleader'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 Zhuhai Comleader.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Zhuhai Comleader on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Zhuhai Comleader Information or generate 0.0% return on investment in Zhuhai Comleader over 30 days. Zhuhai Comleader is related to or competes with Sanbo Hospital, Zhengzhou Qianweiyangchu, Jiangsu Yike, JCHX Mining, Jiahe Foods, and Beijing Sanyuan. Zhuhai Comleader is entity of China. It is traded as Stock on SHG exchange. More
Zhuhai Comleader 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 Zhuhai Comleader'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 Zhuhai Comleader Information upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.36 | |||
| Information Ratio | 0.0815 | |||
| Maximum Drawdown | 26.87 | |||
| Value At Risk | (7.38) | |||
| Potential Upside | 7.98 |
Zhuhai Comleader Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhuhai Comleader's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhuhai Comleader's standard deviation. In reality, there are many statistical measures that can use Zhuhai Comleader historical prices to predict the future Zhuhai Comleader's volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 0.5126 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0859 | |||
| Treynor Ratio | (3.37) |
Zhuhai Comleader Inf Backtested Returns
Zhuhai Comleader appears to be out of control, given 3 months investment horizon. Zhuhai Comleader Inf shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. By examining Zhuhai Comleader's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please utilize Zhuhai Comleader's Market Risk Adjusted Performance of (3.36), downside deviation of 4.36, and Mean Deviation of 3.09 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhuhai Comleader holds a performance score of 13. The firm maintains a market beta of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zhuhai Comleader are expected to decrease at a much lower rate. During the bear market, Zhuhai Comleader is likely to outperform the market. Please check Zhuhai Comleader's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Zhuhai Comleader's historical returns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Zhuhai Comleader Information has modest reverse predictability. Overlapping area represents the amount of predictability between Zhuhai Comleader time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Zhuhai Comleader Inf price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Zhuhai Comleader price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Zhuhai Comleader Inf lagged returns against current returns
Autocorrelation, which is Zhuhai Comleader 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 Zhuhai Comleader's stock expected returns. We can calculate the autocorrelation of Zhuhai Comleader returns to help us make a trade decision. For example, suppose you find that Zhuhai Comleader 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 |
Zhuhai Comleader 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 Zhuhai Comleader stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhuhai Comleader stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhuhai Comleader stock over time.
Current vs Lagged Prices |
| Timeline |
Zhuhai Comleader Lagged Returns
When evaluating Zhuhai Comleader's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhuhai Comleader stock have on its future price. Zhuhai Comleader 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, Zhuhai Comleader autocorrelation shows the relationship between Zhuhai Comleader stock current value and its past values and can show if there is a momentum factor associated with investing in Zhuhai Comleader Information.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhuhai Stock
Zhuhai Comleader financial ratios help investors to determine whether Zhuhai 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 Zhuhai with respect to the benefits of owning Zhuhai Comleader security.