Dongfang Electric Stock Market Value
| DNGFF Stock | USD 1.10 0.00 0.00% |
| Symbol | Dongfang |
Dongfang ElectricLimited '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 Dongfang ElectricLimited's pink sheet 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 Dongfang ElectricLimited.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Dongfang ElectricLimited on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dongfang Electric or generate 0.0% return on investment in Dongfang ElectricLimited over 90 days. Dongfang ElectricLimited is related to or competes with Sandvik AB, Schneider Electric, Fanuc, Rockwell Automation, and Vestas Wind. Dongfang Electric Corporation Limited engages in the design, develop, manufacture, and sale of power generation equipmen... More
Dongfang ElectricLimited 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 Dongfang ElectricLimited's pink sheet 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 Dongfang Electric upside and downside potential and time the market with a certain degree of confidence.
Dongfang ElectricLimited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongfang ElectricLimited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongfang ElectricLimited's standard deviation. In reality, there are many statistical measures that can use Dongfang ElectricLimited historical prices to predict the future Dongfang ElectricLimited's volatility.Dongfang ElectricLimited Backtested Returns
We have found three technical indicators for Dongfang Electric, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Dongfang ElectricLimited are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Dongfang Electric has no correlation between past and present. Overlapping area represents the amount of predictability between Dongfang ElectricLimited time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 Dongfang ElectricLimited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Dongfang ElectricLimited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dongfang ElectricLimited lagged returns against current returns
Autocorrelation, which is Dongfang ElectricLimited pink sheet'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 Dongfang ElectricLimited's pink sheet expected returns. We can calculate the autocorrelation of Dongfang ElectricLimited returns to help us make a trade decision. For example, suppose you find that Dongfang ElectricLimited has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Dongfang ElectricLimited 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 Dongfang ElectricLimited pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongfang ElectricLimited pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongfang ElectricLimited pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Dongfang ElectricLimited Lagged Returns
When evaluating Dongfang ElectricLimited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongfang ElectricLimited pink sheet have on its future price. Dongfang ElectricLimited 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, Dongfang ElectricLimited autocorrelation shows the relationship between Dongfang ElectricLimited pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Dongfang Electric.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Dongfang Pink Sheet
Dongfang ElectricLimited financial ratios help investors to determine whether Dongfang Pink Sheet 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 Dongfang with respect to the benefits of owning Dongfang ElectricLimited security.