Qinghai Salt (China) Market Value
| 000792 Stock | 16.68 0.21 1.24% |
| Symbol | Qinghai |
Qinghai Salt '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 Qinghai Salt'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 Qinghai Salt.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Qinghai Salt on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Qinghai Salt Lake or generate 0.0% return on investment in Qinghai Salt over 30 days. Qinghai Salt is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Qinghai Salt is entity of China. It is traded as Stock on SHE exchange. More
Qinghai Salt 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 Qinghai Salt'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 Qinghai Salt Lake upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | 0.0545 | |||
| Maximum Drawdown | 14.78 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 3.91 |
Qinghai Salt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qinghai Salt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qinghai Salt's standard deviation. In reality, there are many statistical measures that can use Qinghai Salt historical prices to predict the future Qinghai Salt's volatility.| Risk Adjusted Performance | 0.06 | |||
| Jensen Alpha | 0.1664 | |||
| Total Risk Alpha | 0.0902 | |||
| Sortino Ratio | 0.0598 | |||
| Treynor Ratio | (0.83) |
Qinghai Salt Lake Backtested Returns
At this point, Qinghai Salt is not too volatile. Qinghai Salt Lake maintains Sharpe Ratio (i.e., Efficiency) of 0.0691, which implies the firm had a 0.0691% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Qinghai Salt Lake, which you can use to evaluate the volatility of the company. Please check Qinghai Salt's Semi Deviation of 2.1, risk adjusted performance of 0.06, and Coefficient Of Variation of 1491.1 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Qinghai Salt has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of -0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qinghai Salt are expected to decrease at a much lower rate. During the bear market, Qinghai Salt is likely to outperform the market. Qinghai Salt Lake right now holds a risk of 2.57%. Please check Qinghai Salt Lake coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Qinghai Salt Lake will be following its historical price patterns.
Auto-correlation | 0.57 |
Modest predictability
Qinghai Salt Lake has modest predictability. Overlapping area represents the amount of predictability between Qinghai Salt time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 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 Qinghai Salt Lake price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Qinghai Salt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Qinghai Salt Lake lagged returns against current returns
Autocorrelation, which is Qinghai Salt 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 Qinghai Salt's stock expected returns. We can calculate the autocorrelation of Qinghai Salt returns to help us make a trade decision. For example, suppose you find that Qinghai Salt 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 |
Qinghai Salt 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 Qinghai Salt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qinghai Salt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qinghai Salt stock over time.
Current vs Lagged Prices |
| Timeline |
Qinghai Salt Lagged Returns
When evaluating Qinghai Salt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qinghai Salt stock have on its future price. Qinghai Salt 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, Qinghai Salt autocorrelation shows the relationship between Qinghai Salt stock current value and its past values and can show if there is a momentum factor associated with investing in Qinghai Salt Lake.
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 Qinghai Stock
Qinghai Salt financial ratios help investors to determine whether Qinghai 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 Qinghai with respect to the benefits of owning Qinghai Salt security.