HUTCHMED China (UK) Market Value
| HCM Stock | 277.00 8.00 2.97% |
| Symbol | HUTCHMED |
HUTCHMED China '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 HUTCHMED China'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 HUTCHMED China.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in HUTCHMED China on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding HUTCHMED China or generate 0.0% return on investment in HUTCHMED China over 390 days. HUTCHMED China is related to or competes with Endeavour Mining, Wizz Air, Greenroc Mining, AfriTin Mining, Eastinco Mining, Systemair, and Alaska Air. HUTCHMED China is entity of United Kingdom More
HUTCHMED China 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 HUTCHMED China'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 HUTCHMED China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.36 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 5.07 |
HUTCHMED China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HUTCHMED China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HUTCHMED China's standard deviation. In reality, there are many statistical measures that can use HUTCHMED China historical prices to predict the future HUTCHMED China's volatility.| Risk Adjusted Performance | 0.0284 | |||
| Jensen Alpha | 0.0264 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2038 |
HUTCHMED China Backtested Returns
At this point, HUTCHMED China is very steady. HUTCHMED China holds Efficiency (Sharpe) Ratio of 0.0355, which attests that the entity had a 0.0355% return per unit of volatility over the last 3 months. We have found thirty technical indicators for HUTCHMED China, which you can use to evaluate the volatility of the firm. Please check out HUTCHMED China's risk adjusted performance of 0.0284, and Market Risk Adjusted Performance of 0.2138 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. HUTCHMED China has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HUTCHMED China's returns are expected to increase less than the market. However, during the bear market, the loss of holding HUTCHMED China is expected to be smaller as well. HUTCHMED China presently retains a risk of 2.93%. Please check out HUTCHMED China treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if HUTCHMED China will be following its current trending patterns.
Auto-correlation | 0.04 |
Virtually no predictability
HUTCHMED China has virtually no predictability. Overlapping area represents the amount of predictability between HUTCHMED China time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 HUTCHMED China price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current HUTCHMED China price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 340.94 |
HUTCHMED China lagged returns against current returns
Autocorrelation, which is HUTCHMED China 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 HUTCHMED China's stock expected returns. We can calculate the autocorrelation of HUTCHMED China returns to help us make a trade decision. For example, suppose you find that HUTCHMED China 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 |
HUTCHMED China 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 HUTCHMED China stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HUTCHMED China stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HUTCHMED China stock over time.
Current vs Lagged Prices |
| Timeline |
HUTCHMED China Lagged Returns
When evaluating HUTCHMED China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HUTCHMED China stock have on its future price. HUTCHMED China 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, HUTCHMED China autocorrelation shows the relationship between HUTCHMED China stock current value and its past values and can show if there is a momentum factor associated with investing in HUTCHMED China.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in HUTCHMED Stock
HUTCHMED China financial ratios help investors to determine whether HUTCHMED 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 HUTCHMED with respect to the benefits of owning HUTCHMED China security.