Zoomlion Heavy (China) Market Value
| 000157 Stock | 6.91 0.10 1.43% |
| Symbol | Zoomlion |
Zoomlion Heavy '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 Zoomlion Heavy'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 Zoomlion Heavy.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Zoomlion Heavy on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Zoomlion Heavy Industry or generate 0.0% return on investment in Zoomlion Heavy over 240 days. Zoomlion Heavy is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Zoomlion Heavy is entity of China. It is traded as Stock on SHE exchange. More
Zoomlion Heavy 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 Zoomlion Heavy'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 Zoomlion Heavy Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | 0.0893 | |||
| Maximum Drawdown | 16.36 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 4.39 |
Zoomlion Heavy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zoomlion Heavy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zoomlion Heavy's standard deviation. In reality, there are many statistical measures that can use Zoomlion Heavy historical prices to predict the future Zoomlion Heavy's volatility.| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | 0.2346 | |||
| Total Risk Alpha | 0.1683 | |||
| Sortino Ratio | 0.086 | |||
| Treynor Ratio | 14.78 |
Zoomlion Heavy Industry Backtested Returns
At this point, Zoomlion Heavy is somewhat reliable. Zoomlion Heavy Industry shows Sharpe Ratio of 0.0675, which attests that the company had a 0.0675% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zoomlion Heavy Industry, which you can use to evaluate the volatility of the company. Please check out Zoomlion Heavy's Downside Deviation of 2.47, market risk adjusted performance of 14.79, and Mean Deviation of 1.7 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Zoomlion Heavy has a performance score of 5 on a scale of 0 to 100. The firm maintains a market beta of 0.0159, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zoomlion Heavy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zoomlion Heavy is expected to be smaller as well. Zoomlion Heavy Industry right now maintains a risk of 2.34%. Please check out Zoomlion Heavy Industry downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Zoomlion Heavy Industry will be following its historical returns.
Auto-correlation | -0.69 |
Very good reverse predictability
Zoomlion Heavy Industry has very good reverse predictability. Overlapping area represents the amount of predictability between Zoomlion Heavy time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd of December 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 Zoomlion Heavy Industry price movement. The serial correlation of -0.69 indicates that around 69.0% of current Zoomlion Heavy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Zoomlion Heavy Industry lagged returns against current returns
Autocorrelation, which is Zoomlion Heavy 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 Zoomlion Heavy's stock expected returns. We can calculate the autocorrelation of Zoomlion Heavy returns to help us make a trade decision. For example, suppose you find that Zoomlion Heavy 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 |
Zoomlion Heavy 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 Zoomlion Heavy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zoomlion Heavy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zoomlion Heavy stock over time.
Current vs Lagged Prices |
| Timeline |
Zoomlion Heavy Lagged Returns
When evaluating Zoomlion Heavy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zoomlion Heavy stock have on its future price. Zoomlion Heavy 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, Zoomlion Heavy autocorrelation shows the relationship between Zoomlion Heavy stock current value and its past values and can show if there is a momentum factor associated with investing in Zoomlion Heavy Industry.
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 Zoomlion Stock
Zoomlion Heavy financial ratios help investors to determine whether Zoomlion 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 Zoomlion with respect to the benefits of owning Zoomlion Heavy security.