360 Finance Stock Market Value
| QFIN Stock | USD 34.53 0.68 1.93% |
| Symbol | 360 |
360 Finance Price To Book Ratio
Is Consumer Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 360 Finance. If investors know 360 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 360 Finance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.343 | Earnings Share 4.85 | Revenue Per Share 109.127 | Quarterly Revenue Growth 0.063 | Return On Assets 0.107 |
The market value of 360 Finance is measured differently than its book value, which is the value of 360 that is recorded on the company's balance sheet. Investors also form their own opinion of 360 Finance's value that differs from its market value or its book value, called intrinsic value, which is 360 Finance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 360 Finance's market value can be influenced by many factors that don't directly affect 360 Finance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 360 Finance's value and its price as these two are different measures arrived at by different means. Investors typically determine if 360 Finance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 360 Finance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
360 Finance '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 360 Finance'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 360 Finance.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in 360 Finance on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding 360 Finance or generate 0.0% return on investment in 360 Finance over 720 days. 360 Finance is related to or competes with CF Industries, Natural Alternatives, Albertsons Companies, Arq, Lifevantage, Grocery Outlet, and SunOpta. 360 DigiTech, Inc., through its subsidiaries, operates financial technology platform under the 360 Jietiao brand in the ... More
360 Finance 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 360 Finance'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 360 Finance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | 0.1569 | |||
| Maximum Drawdown | 13.28 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 6.3 |
360 Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 360 Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 360 Finance's standard deviation. In reality, there are many statistical measures that can use 360 Finance historical prices to predict the future 360 Finance's volatility.| Risk Adjusted Performance | 0.1534 | |||
| Jensen Alpha | 0.5246 | |||
| Total Risk Alpha | 0.1844 | |||
| Sortino Ratio | 0.1926 | |||
| Treynor Ratio | 0.7723 |
360 Finance Backtested Returns
360 Finance appears to be not too volatile, given 3 months investment horizon. 360 Finance retains Efficiency (Sharpe Ratio) of 0.17, which signifies that the company had a 0.17% return per unit of price deviation over the last 3 months. By evaluating 360 Finance's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of 360 Finance's Standard Deviation of 3.2, coefficient of variation of 523.33, and Market Risk Adjusted Performance of 0.7823 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, 360 Finance holds a performance score of 13. The firm owns a Beta (Systematic Risk) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 360 Finance's returns are expected to increase less than the market. However, during the bear market, the loss of holding 360 Finance is expected to be smaller as well. Please check 360 Finance's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether 360 Finance's current price history will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
360 Finance has very good reverse predictability. Overlapping area represents the amount of predictability between 360 Finance 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 360 Finance price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current 360 Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 37.34 |
360 Finance lagged returns against current returns
Autocorrelation, which is 360 Finance 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 360 Finance's stock expected returns. We can calculate the autocorrelation of 360 Finance returns to help us make a trade decision. For example, suppose you find that 360 Finance 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 |
360 Finance 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 360 Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 360 Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 360 Finance stock over time.
Current vs Lagged Prices |
| Timeline |
360 Finance Lagged Returns
When evaluating 360 Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 360 Finance stock have on its future price. 360 Finance 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, 360 Finance autocorrelation shows the relationship between 360 Finance stock current value and its past values and can show if there is a momentum factor associated with investing in 360 Finance.
Regressed Prices |
| Timeline |
Pair Trading with 360 Finance
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 360 Finance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 360 Finance will appreciate offsetting losses from the drop in the long position's value.Moving together with 360 Stock
| 0.62 | DIST | Distoken Acquisition | PairCorr |
| 0.79 | AB | AllianceBernstein | PairCorr |
| 0.86 | AC | Associated Capital | PairCorr |
Moving against 360 Stock
| 0.68 | XP | Xp Inc | PairCorr |
| 0.64 | RM | Regional Management Corp | PairCorr |
| 0.6 | PT | Pintec Technology | PairCorr |
| 0.47 | WU | Western Union | PairCorr |
| 0.37 | DMYY | dMY Squared Technology | PairCorr |
The ability to find closely correlated positions to 360 Finance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 360 Finance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 360 Finance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 360 Finance to buy it.
The correlation of 360 Finance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 360 Finance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 360 Finance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 360 Finance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out 360 Finance Correlation, 360 Finance Volatility and 360 Finance Alpha and Beta module to complement your research on 360 Finance. To learn how to invest in 360 Stock, please use our How to Invest in 360 Finance guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
360 Finance technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.