China DatangRenewable (Germany) Market Value
| DT7 Stock | EUR 0.23 0.01 4.55% |
| Symbol | China |
China DatangRenewable '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 China DatangRenewable'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 China DatangRenewable.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in China DatangRenewable on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding China Datang or generate 0.0% return on investment in China DatangRenewable over 30 days. China DatangRenewable is related to or competes with GungHo Online, Algonquin Power, MUTUIONLINE, United Breweries, Thai Beverage, and Fevertree Drinks. China Datang Corporation Renewable Power Co., Limited, together with its subsidiaries, generates and sells wind power an... More
China DatangRenewable 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 China DatangRenewable'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 China Datang upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.09 | |||
| Information Ratio | 0.0581 | |||
| Maximum Drawdown | 23.03 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.88 |
China DatangRenewable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China DatangRenewable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China DatangRenewable's standard deviation. In reality, there are many statistical measures that can use China DatangRenewable historical prices to predict the future China DatangRenewable's volatility.| Risk Adjusted Performance | 0.0794 | |||
| Jensen Alpha | 0.3362 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0371 | |||
| Treynor Ratio | 2.54 |
China DatangRenewable Backtested Returns
China DatangRenewable appears to be out of control, given 3 months investment horizon. China DatangRenewable secures Sharpe Ratio (or Efficiency) of 0.0933, which signifies that the company had a 0.0933% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Datang, which you can use to evaluate the volatility of the firm. Please makes use of China DatangRenewable's Downside Deviation of 6.09, risk adjusted performance of 0.0794, and Mean Deviation of 2.36 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China DatangRenewable holds a performance score of 7. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China DatangRenewable's returns are expected to increase less than the market. However, during the bear market, the loss of holding China DatangRenewable is expected to be smaller as well. Please check China DatangRenewable's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether China DatangRenewable's price patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
China Datang has poor reverse predictability. Overlapping area represents the amount of predictability between China DatangRenewable time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 China DatangRenewable price movement. The serial correlation of -0.37 indicates that just about 37.0% of current China DatangRenewable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China DatangRenewable lagged returns against current returns
Autocorrelation, which is China DatangRenewable 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 China DatangRenewable's stock expected returns. We can calculate the autocorrelation of China DatangRenewable returns to help us make a trade decision. For example, suppose you find that China DatangRenewable 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 |
China DatangRenewable 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 China DatangRenewable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China DatangRenewable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China DatangRenewable stock over time.
Current vs Lagged Prices |
| Timeline |
China DatangRenewable Lagged Returns
When evaluating China DatangRenewable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China DatangRenewable stock have on its future price. China DatangRenewable 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, China DatangRenewable autocorrelation shows the relationship between China DatangRenewable stock current value and its past values and can show if there is a momentum factor associated with investing in China Datang.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China DatangRenewable financial ratios help investors to determine whether China 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 China with respect to the benefits of owning China DatangRenewable security.