Hengyi Petrochemical (China) Market Value
| 000703 Stock | 6.02 0.07 1.15% |
| Symbol | Hengyi |
Hengyi Petrochemical '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 Hengyi Petrochemical'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 Hengyi Petrochemical.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Hengyi Petrochemical on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hengyi Petrochemical Co or generate 0.0% return on investment in Hengyi Petrochemical over 30 days. Hengyi Petrochemical is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Hengyi Petrochemical is entity of China. It is traded as Stock on SHE exchange. More
Hengyi Petrochemical 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 Hengyi Petrochemical'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 Hengyi Petrochemical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.0566 | |||
| Maximum Drawdown | 16.46 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.73 |
Hengyi Petrochemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hengyi Petrochemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hengyi Petrochemical's standard deviation. In reality, there are many statistical measures that can use Hengyi Petrochemical historical prices to predict the future Hengyi Petrochemical's volatility.| Risk Adjusted Performance | 0.0675 | |||
| Jensen Alpha | 0.1639 | |||
| Total Risk Alpha | 0.0646 | |||
| Sortino Ratio | 0.0603 | |||
| Treynor Ratio | (6.37) |
Hengyi Petrochemical Backtested Returns
Hengyi Petrochemical holds Efficiency (Sharpe) Ratio of -0.0398, which attests that the entity had a -0.0398% return per unit of risk over the last 3 months. Hengyi Petrochemical exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hengyi Petrochemical's Market Risk Adjusted Performance of (6.36), downside deviation of 2.13, and Risk Adjusted Performance of 0.0675 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0256, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hengyi Petrochemical are expected to decrease at a much lower rate. During the bear market, Hengyi Petrochemical is likely to outperform the market. At this point, Hengyi Petrochemical has a negative expected return of -0.0827%. Please make sure to check out Hengyi Petrochemical's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Hengyi Petrochemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Hengyi Petrochemical Co has very good reverse predictability. Overlapping area represents the amount of predictability between Hengyi Petrochemical time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Hengyi Petrochemical price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Hengyi Petrochemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hengyi Petrochemical lagged returns against current returns
Autocorrelation, which is Hengyi Petrochemical 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 Hengyi Petrochemical's stock expected returns. We can calculate the autocorrelation of Hengyi Petrochemical returns to help us make a trade decision. For example, suppose you find that Hengyi Petrochemical 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 |
Hengyi Petrochemical 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 Hengyi Petrochemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hengyi Petrochemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hengyi Petrochemical stock over time.
Current vs Lagged Prices |
| Timeline |
Hengyi Petrochemical Lagged Returns
When evaluating Hengyi Petrochemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hengyi Petrochemical stock have on its future price. Hengyi Petrochemical 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, Hengyi Petrochemical autocorrelation shows the relationship between Hengyi Petrochemical stock current value and its past values and can show if there is a momentum factor associated with investing in Hengyi Petrochemical Co.
Regressed Prices |
| Timeline |
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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 Hengyi Stock
Hengyi Petrochemical financial ratios help investors to determine whether Hengyi 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 Hengyi with respect to the benefits of owning Hengyi Petrochemical security.