CHINA HUARONG (Germany) Market Value
| XYTA Stock | EUR 0 0.0005 25.00% |
| Symbol | CHINA |
CHINA HUARONG '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 HUARONG'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 HUARONG.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in CHINA HUARONG on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding CHINA HUARONG ENERHD 50 or generate 0.0% return on investment in CHINA HUARONG over 60 days. CHINA HUARONG is related to or competes with EOG Resources, Canadian Natural, and Woodside Energy. China Huarong Energy Company Limited, an investment holding company, engages in the production and sale of crude oil More
CHINA HUARONG 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 HUARONG'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 HUARONG ENERHD 50 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 36.37 | |||
| Information Ratio | 0.1513 | |||
| Maximum Drawdown | 233.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 50.0 |
CHINA HUARONG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHINA HUARONG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHINA HUARONG's standard deviation. In reality, there are many statistical measures that can use CHINA HUARONG historical prices to predict the future CHINA HUARONG's volatility.| Risk Adjusted Performance | 0.1283 | |||
| Jensen Alpha | 5.75 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1381 | |||
| Treynor Ratio | (1.00) |
CHINA HUARONG ENERHD Backtested Returns
CHINA HUARONG is out of control given 3 months investment horizon. CHINA HUARONG ENERHD secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of return volatility over the last 3 months. We were able to interpolate and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 3.75% are justified by taking the suggested risk. Use CHINA HUARONG Semi Deviation of 11.58, mean deviation of 15.67, and Risk Adjusted Performance of 0.1283 to evaluate company specific risk that cannot be diversified away. CHINA HUARONG holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -5.12, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CHINA HUARONG are expected to decrease by larger amounts. On the other hand, during market turmoil, CHINA HUARONG is expected to outperform it. Use CHINA HUARONG information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on CHINA HUARONG.
Auto-correlation | -0.12 |
Insignificant reverse predictability
CHINA HUARONG ENERHD 50 has insignificant reverse predictability. Overlapping area represents the amount of predictability between CHINA HUARONG time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 HUARONG ENERHD price movement. The serial correlation of -0.12 indicates that less than 12.0% of current CHINA HUARONG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CHINA HUARONG ENERHD lagged returns against current returns
Autocorrelation, which is CHINA HUARONG 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 HUARONG's stock expected returns. We can calculate the autocorrelation of CHINA HUARONG returns to help us make a trade decision. For example, suppose you find that CHINA HUARONG 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 HUARONG 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 HUARONG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHINA HUARONG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHINA HUARONG stock over time.
Current vs Lagged Prices |
| Timeline |
CHINA HUARONG Lagged Returns
When evaluating CHINA HUARONG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHINA HUARONG stock have on its future price. CHINA HUARONG 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 HUARONG autocorrelation shows the relationship between CHINA HUARONG stock current value and its past values and can show if there is a momentum factor associated with investing in CHINA HUARONG ENERHD 50.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CHINA Stock
CHINA HUARONG 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 HUARONG security.