Haima Automobile (China) Market Value

000572 Stock   4.27  0.12  2.89%   
Haima Automobile's market value is the price at which a share of Haima Automobile trades on a public exchange. It measures the collective expectations of Haima Automobile Group investors about its performance. Haima Automobile is trading at 4.27 as of the 27th of February 2025, a 2.89 percent increase since the beginning of the trading day. The stock's open price was 4.15.
With this module, you can estimate the performance of a buy and hold strategy of Haima Automobile Group and determine expected loss or profit from investing in Haima Automobile over a given investment horizon. Check out Haima Automobile Correlation, Haima Automobile Volatility and Haima Automobile Alpha and Beta module to complement your research on Haima Automobile.
Symbol

Please note, there is a significant difference between Haima Automobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Haima Automobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Haima Automobile'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.

Haima Automobile '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 Haima Automobile'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 Haima Automobile.
0.00
01/28/2025
No Change 0.00  0.0 
In 31 days
02/27/2025
0.00
If you would invest  0.00  in Haima Automobile on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Haima Automobile Group or generate 0.0% return on investment in Haima Automobile over 30 days. Haima Automobile is related to or competes with Hua Xia, Shenwu Energy, JCHX Mining, Xiamen Bank, Nancal Energy-Saving, and Agricultural Bank. Haima Automobile is entity of China. It is traded as Stock on SHE exchange. More

Haima Automobile 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 Haima Automobile'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 Haima Automobile Group upside and downside potential and time the market with a certain degree of confidence.

Haima Automobile Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Haima Automobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haima Automobile's standard deviation. In reality, there are many statistical measures that can use Haima Automobile historical prices to predict the future Haima Automobile's volatility.
Hype
Prediction
LowEstimatedHigh
1.434.287.13
Details
Intrinsic
Valuation
LowRealHigh
0.803.656.50
Details
Naive
Forecast
LowNextHigh
1.234.086.93
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3.914.114.30
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Haima Automobile. Your research has to be compared to or analyzed against Haima Automobile's peers to derive any actionable benefits. When done correctly, Haima Automobile's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Haima Automobile.

Haima Automobile Backtested Returns

Haima Automobile holds Efficiency (Sharpe) Ratio of -0.0184, which attests that the entity had a -0.0184 % return per unit of risk over the last 3 months. Haima Automobile exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Haima Automobile's Market Risk Adjusted Performance of (0.10), risk adjusted performance of 0.0016, and Standard Deviation of 2.85 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Haima Automobile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Haima Automobile is expected to be smaller as well. At this point, Haima Automobile has a negative expected return of -0.0524%. Please make sure to check out Haima Automobile's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Haima Automobile performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.2  

Insignificant reverse predictability

Haima Automobile Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Haima Automobile time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Haima Automobile price movement. The serial correlation of -0.2 indicates that over 20.0% of current Haima Automobile price fluctuation can be explain by its past prices.
Correlation Coefficient-0.2
Spearman Rank Test-0.43
Residual Average0.0
Price Variance0.0

Haima Automobile lagged returns against current returns

Autocorrelation, which is Haima Automobile 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 Haima Automobile's stock expected returns. We can calculate the autocorrelation of Haima Automobile returns to help us make a trade decision. For example, suppose you find that Haima Automobile 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  

Haima Automobile 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 Haima Automobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haima Automobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haima Automobile stock over time.
   Current vs Lagged Prices   
       Timeline  

Haima Automobile Lagged Returns

When evaluating Haima Automobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haima Automobile stock have on its future price. Haima Automobile 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, Haima Automobile autocorrelation shows the relationship between Haima Automobile stock current value and its past values and can show if there is a momentum factor associated with investing in Haima Automobile Group.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Haima Stock

Haima Automobile financial ratios help investors to determine whether Haima 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 Haima with respect to the benefits of owning Haima Automobile security.