Zhejiang HISUN (China) Market Value
| 688203 Stock | 10.49 0.21 2.04% |
| Symbol | Zhejiang |
Zhejiang HISUN '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 Zhejiang HISUN'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 Zhejiang HISUN.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Zhejiang HISUN on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang HISUN Biomaterials or generate 0.0% return on investment in Zhejiang HISUN over 30 days. Zhejiang HISUN is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Zhejiang HISUN is entity of China. It is traded as Stock on SHG exchange. More
Zhejiang HISUN 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 Zhejiang HISUN'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 Zhejiang HISUN Biomaterials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.1021 | |||
| Maximum Drawdown | 24.0 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 4.22 |
Zhejiang HISUN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang HISUN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang HISUN's standard deviation. In reality, there are many statistical measures that can use Zhejiang HISUN historical prices to predict the future Zhejiang HISUN's volatility.| Risk Adjusted Performance | 0.118 | |||
| Jensen Alpha | 0.5064 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1057 | |||
| Treynor Ratio | (1.29) |
Zhejiang HISUN Bioma Backtested Returns
Zhejiang HISUN appears to be somewhat reliable, given 3 months investment horizon. Zhejiang HISUN Bioma shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhejiang HISUN Bioma, which you can use to evaluate the volatility of the company. Please utilize Zhejiang HISUN's Market Risk Adjusted Performance of (1.28), downside deviation of 3.15, and Mean Deviation of 2.16 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang HISUN holds a performance score of 10. The firm maintains a market beta of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhejiang HISUN are expected to decrease at a much lower rate. During the bear market, Zhejiang HISUN is likely to outperform the market. Please check Zhejiang HISUN's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Zhejiang HISUN's historical returns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Zhejiang HISUN Biomaterials has virtually no predictability. Overlapping area represents the amount of predictability between Zhejiang HISUN time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Zhejiang HISUN Bioma price movement. The serial correlation of 0.03 indicates that only 3.0% of current Zhejiang HISUN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Zhejiang HISUN Bioma lagged returns against current returns
Autocorrelation, which is Zhejiang HISUN 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 Zhejiang HISUN's stock expected returns. We can calculate the autocorrelation of Zhejiang HISUN returns to help us make a trade decision. For example, suppose you find that Zhejiang HISUN 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 |
Zhejiang HISUN 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 Zhejiang HISUN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang HISUN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang HISUN stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang HISUN Lagged Returns
When evaluating Zhejiang HISUN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang HISUN stock have on its future price. Zhejiang HISUN 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, Zhejiang HISUN autocorrelation shows the relationship between Zhejiang HISUN stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang HISUN Biomaterials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhejiang Stock
Zhejiang HISUN financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang HISUN security.