Hengli Industrial (China) Market Value
| 000622 Stock | 2.99 0.14 4.47% |
| Symbol | Hengli |
Hengli Industrial '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 Hengli Industrial'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 Hengli Industrial.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hengli Industrial on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hengli Industrial Development or generate 0.0% return on investment in Hengli Industrial over 90 days. Hengli Industrial is related to or competes with Ciwen Media, Bohai Leasing, Shanghai Yaoji, Zhejiang Daily, Guangdong Jinma, Focus Media, and Linewell Software. Hengli Industrial is entity of China. It is traded as Stock on SHE exchange. More
Hengli Industrial 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 Hengli Industrial'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 Hengli Industrial Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.1764 | |||
| Maximum Drawdown | 10.17 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 5.13 |
Hengli Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hengli Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hengli Industrial's standard deviation. In reality, there are many statistical measures that can use Hengli Industrial historical prices to predict the future Hengli Industrial's volatility.| Risk Adjusted Performance | 0.1345 | |||
| Jensen Alpha | 0.4104 | |||
| Total Risk Alpha | 0.8766 | |||
| Sortino Ratio | 0.1861 | |||
| Treynor Ratio | (0.89) |
Hengli Industrial Backtested Returns
Hengli Industrial appears to be risky, given 3 months investment horizon. Hengli Industrial holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21 % return per unit of risk over the last 3 months. By evaluating Hengli Industrial's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Hengli Industrial's Downside Deviation of 3.1, risk adjusted performance of 0.1345, and Market Risk Adjusted Performance of (0.88) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hengli Industrial holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of -0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hengli Industrial are expected to decrease at a much lower rate. During the bear market, Hengli Industrial is likely to outperform the market. Please check Hengli Industrial's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Hengli Industrial's current trending patterns will revert.
Auto-correlation | 0.91 |
Excellent predictability
Hengli Industrial Development has excellent predictability. Overlapping area represents the amount of predictability between Hengli Industrial time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Hengli Industrial price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Hengli Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Hengli Industrial lagged returns against current returns
Autocorrelation, which is Hengli Industrial 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 Hengli Industrial's stock expected returns. We can calculate the autocorrelation of Hengli Industrial returns to help us make a trade decision. For example, suppose you find that Hengli Industrial 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 |
Hengli Industrial 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 Hengli Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hengli Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hengli Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Hengli Industrial Lagged Returns
When evaluating Hengli Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hengli Industrial stock have on its future price. Hengli Industrial 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, Hengli Industrial autocorrelation shows the relationship between Hengli Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Hengli Industrial Development.
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 Hengli Stock
Hengli Industrial financial ratios help investors to determine whether Hengli 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 Hengli with respect to the benefits of owning Hengli Industrial security.