Zhongshan Public (China) Market Value
| 000685 Stock | 9.10 0.16 1.79% |
| Symbol | Zhongshan |
Zhongshan Public '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 Zhongshan Public'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 Zhongshan Public.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Zhongshan Public on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Zhongshan Public Utilities or generate 0.0% return on investment in Zhongshan Public over 90 days. Zhongshan Public is related to or competes with Beijing Kaiwen, Shandong Publishing, China Aluminum, Northern United, Heilongjiang Transport, Chinese Universe, and Tianshan Aluminum. Zhongshan Public is entity of China. It is traded as Stock on SHE exchange. More
Zhongshan Public 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 Zhongshan Public'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 Zhongshan Public Utilities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.1384 | |||
| Maximum Drawdown | 6.49 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.94 |
Zhongshan Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongshan Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongshan Public's standard deviation. In reality, there are many statistical measures that can use Zhongshan Public historical prices to predict the future Zhongshan Public's volatility.| Risk Adjusted Performance | 0.052 | |||
| Jensen Alpha | 0.0632 | |||
| Total Risk Alpha | 0.2099 | |||
| Sortino Ratio | 0.129 | |||
| Treynor Ratio | 1.32 |
Zhongshan Public Uti Backtested Returns
At this point, Zhongshan Public is not too volatile. Zhongshan Public Uti shows Sharpe Ratio of 0.0662, which attests that the company had a 0.0662 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Zhongshan Public Uti, which you can use to evaluate the volatility of the company. Please check out Zhongshan Public's Market Risk Adjusted Performance of 1.33, mean deviation of 0.9021, and Downside Deviation of 1.3 to validate if the risk estimate we provide is consistent with the expected return of 0.0761%. Zhongshan Public has a performance score of 5 on a scale of 0 to 100. The firm maintains a market beta of 0.0443, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhongshan Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhongshan Public is expected to be smaller as well. Zhongshan Public Uti right now maintains a risk of 1.15%. Please check out Zhongshan Public Uti standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Zhongshan Public Uti will be following its historical returns.
Auto-correlation | -0.28 |
Weak reverse predictability
Zhongshan Public Utilities has weak reverse predictability. Overlapping area represents the amount of predictability between Zhongshan Public 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 Zhongshan Public Uti price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Zhongshan Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Zhongshan Public Uti lagged returns against current returns
Autocorrelation, which is Zhongshan Public 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 Zhongshan Public's stock expected returns. We can calculate the autocorrelation of Zhongshan Public returns to help us make a trade decision. For example, suppose you find that Zhongshan Public 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 |
Zhongshan Public 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 Zhongshan Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongshan Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongshan Public stock over time.
Current vs Lagged Prices |
| Timeline |
Zhongshan Public Lagged Returns
When evaluating Zhongshan Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongshan Public stock have on its future price. Zhongshan Public 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, Zhongshan Public autocorrelation shows the relationship between Zhongshan Public stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongshan Public Utilities.
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 Zhongshan Stock
Zhongshan Public financial ratios help investors to determine whether Zhongshan 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 Zhongshan with respect to the benefits of owning Zhongshan Public security.