HOB Biotech (China) Market Value
| 688656 Stock | 111.45 1.35 1.23% |
| Symbol | HOB |
HOB Biotech '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 HOB Biotech'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 HOB Biotech.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in HOB Biotech on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding HOB Biotech Group or generate 0.0% return on investment in HOB Biotech over 30 days. HOB Biotech is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. HOB Biotech is entity of China. It is traded as Stock on SHG exchange. More
HOB Biotech 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 HOB Biotech'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 HOB Biotech Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.77 | |||
| Information Ratio | 0.33 | |||
| Maximum Drawdown | 32.81 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 20.0 |
HOB Biotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HOB Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HOB Biotech's standard deviation. In reality, there are many statistical measures that can use HOB Biotech historical prices to predict the future HOB Biotech's volatility.| Risk Adjusted Performance | 0.2592 | |||
| Jensen Alpha | 2.55 | |||
| Total Risk Alpha | 1.58 | |||
| Sortino Ratio | 0.4458 | |||
| Treynor Ratio | 2.28 |
HOB Biotech Group Backtested Returns
HOB Biotech is very steady given 3 months investment horizon. HOB Biotech Group retains Efficiency (Sharpe Ratio) of 0.38, which attests that the entity had a 0.38% return per unit of return volatility over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.1% are justified by taking the suggested risk. Use HOB Biotech Group Market Risk Adjusted Performance of 2.29, downside deviation of 5.77, and Semi Deviation of 3.59 to evaluate company specific risk that cannot be diversified away. HOB Biotech holds a performance score of 29 on a scale of zero to a hundred. The company owns a Beta (Systematic Risk) of 1.17, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HOB Biotech will likely underperform. Use HOB Biotech Group downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on HOB Biotech Group.
Auto-correlation | -0.88 |
Excellent reverse predictability
HOB Biotech Group has excellent reverse predictability. Overlapping area represents the amount of predictability between HOB Biotech time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 HOB Biotech Group price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current HOB Biotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 148.04 |
HOB Biotech Group lagged returns against current returns
Autocorrelation, which is HOB Biotech 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 HOB Biotech's stock expected returns. We can calculate the autocorrelation of HOB Biotech returns to help us make a trade decision. For example, suppose you find that HOB Biotech 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 |
HOB Biotech 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 HOB Biotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HOB Biotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HOB Biotech stock over time.
Current vs Lagged Prices |
| Timeline |
HOB Biotech Lagged Returns
When evaluating HOB Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HOB Biotech stock have on its future price. HOB Biotech 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, HOB Biotech autocorrelation shows the relationship between HOB Biotech stock current value and its past values and can show if there is a momentum factor associated with investing in HOB Biotech Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HOB Stock
HOB Biotech financial ratios help investors to determine whether HOB 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 HOB with respect to the benefits of owning HOB Biotech security.