Dazhong Transportation (China) Market Value
| 900903 Stock | 0.26 0.01 3.70% |
| Symbol | Dazhong |
Dazhong Transportation '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 Dazhong Transportation'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 Dazhong Transportation.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Dazhong Transportation on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Dazhong Transportation Group or generate 0.0% return on investment in Dazhong Transportation over 30 days. Dazhong Transportation is related to or competes with Uxi Unicomp, Jiaozuo Wanfang, CITIC Metal, Linewell Software, Bangyan Technology, 360 Security, and Hefei Metalforming. Dazhong Transportation is entity of China More
Dazhong Transportation 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 Dazhong Transportation'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 Dazhong Transportation Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.24 | |||
| Information Ratio | 0.1163 | |||
| Maximum Drawdown | 14.79 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.56 |
Dazhong Transportation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dazhong Transportation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dazhong Transportation's standard deviation. In reality, there are many statistical measures that can use Dazhong Transportation historical prices to predict the future Dazhong Transportation's volatility.| Risk Adjusted Performance | 0.1247 | |||
| Jensen Alpha | 0.483 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0778 | |||
| Treynor Ratio | 1.43 |
Dazhong Transportation Backtested Returns
Dazhong Transportation appears to be out of control, given 3 months investment horizon. Dazhong Transportation secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. By reviewing Dazhong Transportation's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please utilize Dazhong Transportation's Downside Deviation of 5.24, mean deviation of 2.52, and Coefficient Of Variation of 653.71 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dazhong Transportation holds a performance score of 13. The firm shows a Beta (market volatility) of 0.37, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dazhong Transportation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dazhong Transportation is expected to be smaller as well. Please check Dazhong Transportation's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Dazhong Transportation's price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Dazhong Transportation Group has modest predictability. Overlapping area represents the amount of predictability between Dazhong Transportation time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Dazhong Transportation price movement. The serial correlation of 0.5 indicates that about 50.0% of current Dazhong Transportation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dazhong Transportation lagged returns against current returns
Autocorrelation, which is Dazhong Transportation 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 Dazhong Transportation's stock expected returns. We can calculate the autocorrelation of Dazhong Transportation returns to help us make a trade decision. For example, suppose you find that Dazhong Transportation 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 |
Dazhong Transportation 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 Dazhong Transportation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dazhong Transportation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dazhong Transportation stock over time.
Current vs Lagged Prices |
| Timeline |
Dazhong Transportation Lagged Returns
When evaluating Dazhong Transportation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dazhong Transportation stock have on its future price. Dazhong Transportation 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, Dazhong Transportation autocorrelation shows the relationship between Dazhong Transportation stock current value and its past values and can show if there is a momentum factor associated with investing in Dazhong Transportation Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Dazhong Stock
Dazhong Transportation financial ratios help investors to determine whether Dazhong 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 Dazhong with respect to the benefits of owning Dazhong Transportation security.