Hainan Expressway's market value is the price at which a share of Hainan Expressway trades on a public exchange. It measures the collective expectations of Hainan Expressway Co investors about its performance. Hainan Expressway is trading at 6.99 as of the 4th of January 2025, a 10.60 percent increase since the beginning of the trading day. The stock's open price was 6.32. With this module, you can estimate the performance of a buy and hold strategy of Hainan Expressway Co and determine expected loss or profit from investing in Hainan Expressway over a given investment horizon. Check out Hainan Expressway Correlation, Hainan Expressway Volatility and Hainan Expressway Alpha and Beta module to complement your research on Hainan Expressway.
Please note, there is a significant difference between Hainan Expressway's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hainan Expressway is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hainan Expressway'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.
Hainan Expressway '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 Hainan Expressway'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 Hainan Expressway.
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11/05/2024
No Change 0.00
0.0
In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in Hainan Expressway on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hainan Expressway Co or generate 0.0% return on investment in Hainan Expressway over 60 days. Hainan Expressway is related to or competes with Dawning Information, ButOne Information, Digiwin Software, Caihong Display, Zhuhai Comleader, Invengo Information, and China Sports. Hainan Expressway is entity of China. It is traded as Stock on SHE exchange. More
Hainan Expressway 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 Hainan Expressway'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 Hainan Expressway Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hainan Expressway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hainan Expressway's standard deviation. In reality, there are many statistical measures that can use Hainan Expressway historical prices to predict the future Hainan Expressway's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hainan Expressway. Your research has to be compared to or analyzed against Hainan Expressway's peers to derive any actionable benefits. When done correctly, Hainan Expressway'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 Hainan Expressway.
Hainan Expressway Backtested Returns
Hainan Expressway appears to be moderately volatile, given 3 months investment horizon. Hainan Expressway holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. By evaluating Hainan Expressway's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Hainan Expressway's Downside Deviation of 4.55, market risk adjusted performance of 11.9, and Risk Adjusted Performance of 0.1533 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hainan Expressway holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.0632, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hainan Expressway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hainan Expressway is expected to be smaller as well. Please check Hainan Expressway's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Hainan Expressway's current trending patterns will revert.
Auto-correlation
-0.62
Very good reverse predictability
Hainan Expressway Co has very good reverse predictability. Overlapping area represents the amount of predictability between Hainan Expressway time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Hainan Expressway price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Hainan Expressway price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.62
Spearman Rank Test
-0.06
Residual Average
0.0
Price Variance
0.26
Hainan Expressway lagged returns against current returns
Autocorrelation, which is Hainan Expressway 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 Hainan Expressway's stock expected returns. We can calculate the autocorrelation of Hainan Expressway returns to help us make a trade decision. For example, suppose you find that Hainan Expressway 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
Hainan Expressway 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 Hainan Expressway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hainan Expressway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hainan Expressway stock over time.
Current vs Lagged Prices
Timeline
Hainan Expressway Lagged Returns
When evaluating Hainan Expressway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hainan Expressway stock have on its future price. Hainan Expressway 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, Hainan Expressway autocorrelation shows the relationship between Hainan Expressway stock current value and its past values and can show if there is a momentum factor associated with investing in Hainan Expressway Co.
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.
Hainan Expressway financial ratios help investors to determine whether Hainan 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 Hainan with respect to the benefits of owning Hainan Expressway security.