Hi-Trend Tech(Shanghai)Co (China) Market Value
| 688391 Stock | 32.85 0.49 1.51% |
| Symbol | Hi-Trend |
Hi-Trend Tech(Shanghai)Co '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 Hi-Trend Tech(Shanghai)Co'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 Hi-Trend Tech(Shanghai)Co.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Hi-Trend Tech(Shanghai)Co on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Hi Trend TechCo or generate 0.0% return on investment in Hi-Trend Tech(Shanghai)Co over 180 days. Hi-Trend Tech(Shanghai)Co is related to or competes with MayAir Technology, DO Home, Hunan Mendale, Mengtian Home, Shanghai Shuixing, Xilinmen Furniture, and UE Furniture. Hi-Trend TechCo is entity of China. It is traded as Stock on SHG exchange. More
Hi-Trend Tech(Shanghai)Co 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 Hi-Trend Tech(Shanghai)Co'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 Hi Trend TechCo upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.02 | |||
| Information Ratio | 0.0825 | |||
| Maximum Drawdown | 34.22 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 6.33 |
Hi-Trend Tech(Shanghai)Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hi-Trend Tech(Shanghai)Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hi-Trend Tech(Shanghai)Co's standard deviation. In reality, there are many statistical measures that can use Hi-Trend Tech(Shanghai)Co historical prices to predict the future Hi-Trend Tech(Shanghai)Co's volatility.| Risk Adjusted Performance | 0.0918 | |||
| Jensen Alpha | 0.5232 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0978 | |||
| Treynor Ratio | (3.95) |
Hi-Trend Tech(Shanghai)Co Backtested Returns
Hi-Trend Tech(Shanghai)Co appears to be not too volatile, given 3 months investment horizon. Hi-Trend Tech(Shanghai)Co retains Efficiency (Sharpe Ratio) of 0.12, which attests that the entity had a 0.12% return per unit of price deviation over the last 3 months. By examining Hi-Trend Tech(Shanghai)Co's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Hi-Trend Tech(Shanghai)Co's Standard Deviation of 4.76, semi deviation of 3.53, and Market Risk Adjusted Performance of (3.94) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hi-Trend Tech(Shanghai)Co holds a performance score of 9. The company owns a Beta (Systematic Risk) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hi-Trend Tech(Shanghai)Co are expected to decrease at a much lower rate. During the bear market, Hi-Trend Tech(Shanghai)Co is likely to outperform the market. Please check Hi-Trend Tech(Shanghai)Co's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Hi-Trend Tech(Shanghai)Co's current price history will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Hi Trend TechCo has good reverse predictability. Overlapping area represents the amount of predictability between Hi-Trend Tech(Shanghai)Co time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 Hi-Trend Tech(Shanghai)Co price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Hi-Trend Tech(Shanghai)Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 17.06 |
Hi-Trend Tech(Shanghai)Co lagged returns against current returns
Autocorrelation, which is Hi-Trend Tech(Shanghai)Co 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 Hi-Trend Tech(Shanghai)Co's stock expected returns. We can calculate the autocorrelation of Hi-Trend Tech(Shanghai)Co returns to help us make a trade decision. For example, suppose you find that Hi-Trend Tech(Shanghai)Co 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 |
Hi-Trend Tech(Shanghai)Co 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 Hi-Trend Tech(Shanghai)Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hi-Trend Tech(Shanghai)Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hi-Trend Tech(Shanghai)Co stock over time.
Current vs Lagged Prices |
| Timeline |
Hi-Trend Tech(Shanghai)Co Lagged Returns
When evaluating Hi-Trend Tech(Shanghai)Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hi-Trend Tech(Shanghai)Co stock have on its future price. Hi-Trend Tech(Shanghai)Co 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, Hi-Trend Tech(Shanghai)Co autocorrelation shows the relationship between Hi-Trend Tech(Shanghai)Co stock current value and its past values and can show if there is a momentum factor associated with investing in Hi Trend TechCo.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hi-Trend Stock
Hi-Trend Tech(Shanghai)Co financial ratios help investors to determine whether Hi-Trend 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 Hi-Trend with respect to the benefits of owning Hi-Trend Tech(Shanghai)Co security.