Datang International (Germany) Market Value
| BJI Stock | EUR 0.16 0.01 5.88% |
| Symbol | Datang |
Datang International '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 Datang International'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 Datang International.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Datang International on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Datang International Power or generate 0.0% return on investment in Datang International over 30 days. Datang International is related to or competes with Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, Volkswagen, Reliance Steel, and Rolls Royce. Datang International Power Generation Co., Ltd., together with its subsidiaries, engages in power generation and power p... More
Datang International 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 Datang International'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 Datang International Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.86 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.25 |
Datang International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Datang International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Datang International's standard deviation. In reality, there are many statistical measures that can use Datang International historical prices to predict the future Datang International's volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.0716 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.30) |
Datang International Backtested Returns
Datang International secures Sharpe Ratio (or Efficiency) of -0.0098, which denotes the company had a -0.0098% return per unit of risk over the last 3 months. Datang International Power exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Datang International's Mean Deviation of 1.83, downside deviation of 6.86, and Coefficient Of Variation of 5762.67 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Datang International are expected to decrease at a much lower rate. During the bear market, Datang International is likely to outperform the market. At this point, Datang International has a negative expected return of -0.0344%. Please make sure to confirm Datang International's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Datang International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Datang International Power has poor reverse predictability. Overlapping area represents the amount of predictability between Datang International 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 Datang International price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Datang International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Datang International lagged returns against current returns
Autocorrelation, which is Datang International 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 Datang International's stock expected returns. We can calculate the autocorrelation of Datang International returns to help us make a trade decision. For example, suppose you find that Datang International 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 |
Datang International 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 Datang International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Datang International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Datang International stock over time.
Current vs Lagged Prices |
| Timeline |
Datang International Lagged Returns
When evaluating Datang International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Datang International stock have on its future price. Datang International 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, Datang International autocorrelation shows the relationship between Datang International stock current value and its past values and can show if there is a momentum factor associated with investing in Datang International Power.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Datang Stock
Datang International financial ratios help investors to determine whether Datang 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 Datang with respect to the benefits of owning Datang International security.