Zhejiang Expressway Co Stock Market Value
| ZHEXF Stock | USD 0.65 0.03 4.41% |
| Symbol | Zhejiang |
Zhejiang Expressway '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 Zhejiang Expressway'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 Zhejiang Expressway.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Zhejiang Expressway on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Zhejiang Expressway Co or generate 0.0% return on investment in Zhejiang Expressway over 720 days. Zhejiang Expressway is related to or competes with Verra Mobility, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. Zhejiang Expressway Co., Ltd., an investment holding company, invests, develops, operates, maintains, and manages roads ... More
Zhejiang Expressway 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 Zhejiang Expressway'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 Zhejiang Expressway Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 21.95 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 5.0 |
Zhejiang Expressway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Expressway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Expressway's standard deviation. In reality, there are many statistical measures that can use Zhejiang Expressway historical prices to predict the future Zhejiang Expressway's volatility.| Risk Adjusted Performance | 0.0077 | |||
| Jensen Alpha | 0.0234 | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.034 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zhejiang Expressway's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Zhejiang Expressway Backtested Returns
At this point, Zhejiang Expressway is abnormally volatile. Zhejiang Expressway shows Sharpe Ratio of 3.0E-4, which attests that the company had a 3.0E-4% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Zhejiang Expressway, which you can use to evaluate the volatility of the company. Please check out Zhejiang Expressway's Mean Deviation of 1.03, market risk adjusted performance of 0.044, and Standard Deviation of 3.07 to validate if the risk estimate we provide is consistent with the expected return of 8.0E-4%. The firm maintains a market beta of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zhejiang Expressway are expected to decrease at a much lower rate. During the bear market, Zhejiang Expressway is likely to outperform the market. Zhejiang Expressway right now maintains a risk of 3.14%. Please check out Zhejiang Expressway maximum drawdown, as well as the relationship between the rate of daily change and relative strength index , to decide if Zhejiang Expressway will be following its historical returns.
Auto-correlation | -0.33 |
Poor reverse predictability
Zhejiang Expressway Co has poor reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Expressway time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Zhejiang Expressway price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Zhejiang Expressway price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zhejiang Expressway lagged returns against current returns
Autocorrelation, which is Zhejiang Expressway 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 Zhejiang Expressway's pink sheet expected returns. We can calculate the autocorrelation of Zhejiang Expressway returns to help us make a trade decision. For example, suppose you find that Zhejiang Expressway 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 |
Zhejiang Expressway 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 Zhejiang Expressway pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Expressway pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Expressway pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Expressway Lagged Returns
When evaluating Zhejiang Expressway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Expressway pink sheet have on its future price. Zhejiang Expressway 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, Zhejiang Expressway autocorrelation shows the relationship between Zhejiang Expressway pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Expressway Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhejiang Pink Sheet
Zhejiang Expressway financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Expressway security.