Zhejiang Orient (China) Market Value
| 688298 Stock | 32.39 0.27 0.83% |
| Symbol | Zhejiang |
Zhejiang Orient '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 Orient'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 Orient.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Zhejiang Orient on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Orient Gene or generate 0.0% return on investment in Zhejiang Orient over 30 days. Zhejiang Orient is related to or competes with Jiangxi Naipu, Industrial Securities, Shanghai Construction, Shantui Construction, Guangdong Jinming, Chengtun Mining, and Huasi Agricultural. Zhejiang Orient is entity of China. It is traded as Stock on SHG exchange. More
Zhejiang Orient 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 Orient'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 Orient Gene upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.21 | |||
| Information Ratio | 0.0422 | |||
| Maximum Drawdown | 24.03 | |||
| Value At Risk | (4.70) | |||
| Potential Upside | 7.33 |
Zhejiang Orient Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Orient's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Orient's standard deviation. In reality, there are many statistical measures that can use Zhejiang Orient historical prices to predict the future Zhejiang Orient's volatility.| Risk Adjusted Performance | 0.0646 | |||
| Jensen Alpha | 0.3479 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0521 | |||
| Treynor Ratio | (0.50) |
Zhejiang Orient Gene Backtested Returns
Zhejiang Orient appears to be not too volatile, given 3 months investment horizon. Zhejiang Orient Gene shows Sharpe Ratio of 0.0807, which attests that the company had a 0.0807% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhejiang Orient Gene, which you can use to evaluate the volatility of the company. Please utilize Zhejiang Orient's Mean Deviation of 2.89, market risk adjusted performance of (0.49), and Downside Deviation of 3.21 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Orient holds a performance score of 6. The firm maintains a market beta of -0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhejiang Orient are expected to decrease at a much lower rate. During the bear market, Zhejiang Orient is likely to outperform the market. Please check Zhejiang Orient's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Zhejiang Orient's historical returns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Zhejiang Orient Gene has virtually no predictability. Overlapping area represents the amount of predictability between Zhejiang Orient time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Orient Gene price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Zhejiang Orient price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Zhejiang Orient Gene lagged returns against current returns
Autocorrelation, which is Zhejiang Orient 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 Orient's stock expected returns. We can calculate the autocorrelation of Zhejiang Orient returns to help us make a trade decision. For example, suppose you find that Zhejiang Orient 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 Orient 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 Orient stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Orient stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Orient stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Orient Lagged Returns
When evaluating Zhejiang Orient's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Orient stock have on its future price. Zhejiang Orient 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 Orient autocorrelation shows the relationship between Zhejiang Orient stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Orient Gene.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhejiang Stock
Zhejiang Orient 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 Orient security.