Zhuhai Comleader's market value is the price at which a share of Zhuhai Comleader trades on a public exchange. It measures the collective expectations of Zhuhai Comleader Information investors about its performance. Zhuhai Comleader is trading at 16.18 as of the 1st of February 2025, a 2.06% down since the beginning of the trading day. The stock's open price was 16.52. With this module, you can estimate the performance of a buy and hold strategy of Zhuhai Comleader Information and determine expected loss or profit from investing in Zhuhai Comleader over a given investment horizon. Check out Zhuhai Comleader Correlation, Zhuhai Comleader Volatility and Zhuhai Comleader Alpha and Beta module to complement your research on Zhuhai Comleader.
Please note, there is a significant difference between Zhuhai Comleader's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhuhai Comleader is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhuhai Comleader's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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08/05/2024
No Change 0.00
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In 5 months and 30 days
02/01/2025
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If you would invest 0.00 in Zhuhai Comleader on August 5, 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 180 days. Zhuhai Comleader is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zhuhai Comleader. Your research has to be compared to or analyzed against Zhuhai Comleader's peers to derive any actionable benefits. When done correctly, Zhuhai Comleader's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zhuhai Comleader Inf.
Zhuhai Comleader Inf Backtested Returns
Zhuhai Comleader Inf shows Sharpe Ratio of -0.0697, which attests that the company had a -0.0697 % return per unit of risk over the last 3 months. Zhuhai Comleader Inf exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhuhai Comleader's Mean Deviation of 2.44, downside deviation of 3.87, and Market Risk Adjusted Performance of (0.37) to validate the risk estimate we provide. The firm maintains a market beta of -0.0663, 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. At this point, Zhuhai Comleader Inf has a negative expected return of -0.22%. Please make sure to check out Zhuhai Comleader's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Zhuhai Comleader Inf performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.74
Almost perfect reverse predictability
Zhuhai Comleader Information has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Zhuhai Comleader time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 2025. 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 -0.74 indicates that around 74.0% of current Zhuhai Comleader price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.74
Spearman Rank Test
-0.03
Residual Average
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Price Variance
3.4
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.
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.