DATANG INTL (Germany) Market Value
| BJI Stock | 0.16 0.01 5.88% |
| Symbol | DATANG |
DATANG INTL '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 INTL'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 INTL.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in DATANG INTL on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding DATANG INTL POW or generate 0.0% return on investment in DATANG INTL over 720 days. DATANG INTL is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
DATANG INTL 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 INTL'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 INTL POW upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.86 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.25 |
DATANG INTL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DATANG INTL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DATANG INTL's standard deviation. In reality, there are many statistical measures that can use DATANG INTL historical prices to predict the future DATANG INTL's volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.0726 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DATANG INTL's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DATANG INTL POW Backtested Returns
Currently, DATANG INTL POW is out of control. DATANG INTL POW secures Sharpe Ratio (or Efficiency) of 0.0175, which denotes the company had a 0.0175% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for DATANG INTL POW, which you can use to evaluate the volatility of the entity. Please confirm DATANG INTL's Downside Deviation of 6.86, mean deviation of 1.83, and Market Risk Adjusted Performance of (0.23) to check if the risk estimate we provide is consistent with the expected return of 0.0623%. DATANG INTL has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DATANG INTL are expected to decrease at a much lower rate. During the bear market, DATANG INTL is likely to outperform the market. DATANG INTL POW now shows a risk of 3.56%. Please confirm DATANG INTL POW treynor ratio, expected short fall, day typical price, as well as the relationship between the potential upside and daily balance of power , to decide if DATANG INTL POW will be following its price patterns.
Auto-correlation | 0.70 |
Good predictability
DATANG INTL POW has good predictability. Overlapping area represents the amount of predictability between DATANG INTL time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 INTL POW price movement. The serial correlation of 0.7 indicates that around 70.0% of current DATANG INTL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DATANG INTL POW lagged returns against current returns
Autocorrelation, which is DATANG INTL 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 INTL's stock expected returns. We can calculate the autocorrelation of DATANG INTL returns to help us make a trade decision. For example, suppose you find that DATANG INTL 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 INTL 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 INTL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DATANG INTL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DATANG INTL stock over time.
Current vs Lagged Prices |
| Timeline |
DATANG INTL Lagged Returns
When evaluating DATANG INTL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DATANG INTL stock have on its future price. DATANG INTL 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 INTL autocorrelation shows the relationship between DATANG INTL stock current value and its past values and can show if there is a momentum factor associated with investing in DATANG INTL POW.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for DATANG Stock Analysis
When running DATANG INTL's price analysis, check to measure DATANG INTL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DATANG INTL is operating at the current time. Most of DATANG INTL's value examination focuses on studying past and present price action to predict the probability of DATANG INTL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DATANG INTL's price. Additionally, you may evaluate how the addition of DATANG INTL to your portfolios can decrease your overall portfolio volatility.