Hunan TV (China) Market Value
| 000917 Stock | 8.61 0.22 2.62% |
| Symbol | Hunan |
Hunan TV '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 Hunan TV'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 Hunan TV.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Hunan TV on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Hunan TV Broadcast or generate 0.0% return on investment in Hunan TV over 30 days. Hunan TV is related to or competes with Zhejiang Construction, Chengdu Xingrong, Hunan Investment, Sobute New, Luyin Investment, Beijing Mainstreets, and Orinko Advanced. Hunan TV is entity of China. It is traded as Stock on SHE exchange. More
Hunan TV 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 Hunan TV'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 Hunan TV Broadcast upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.33 | |||
| Information Ratio | 0.2005 | |||
| Maximum Drawdown | 20.1 | |||
| Value At Risk | (6.69) | |||
| Potential Upside | 10.01 |
Hunan TV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hunan TV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hunan TV's standard deviation. In reality, there are many statistical measures that can use Hunan TV historical prices to predict the future Hunan TV's volatility.| Risk Adjusted Performance | 0.1804 | |||
| Jensen Alpha | 1.14 | |||
| Total Risk Alpha | 0.3966 | |||
| Sortino Ratio | 0.2087 | |||
| Treynor Ratio | (0.78) |
Hunan TV Broadcast Backtested Returns
Hunan TV is moderately volatile given 3 months investment horizon. Hunan TV Broadcast holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use Hunan TV Broadcast Risk Adjusted Performance of 0.1804, downside deviation of 4.33, and Market Risk Adjusted Performance of (0.77) to evaluate company specific risk that cannot be diversified away. Hunan TV holds a performance score of 18 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -1.28, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Hunan TV are expected to decrease by larger amounts. On the other hand, during market turmoil, Hunan TV is expected to outperform it. Use Hunan TV Broadcast semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to analyze future returns on Hunan TV Broadcast.
Auto-correlation | -0.81 |
Excellent reverse predictability
Hunan TV Broadcast has excellent reverse predictability. Overlapping area represents the amount of predictability between Hunan TV time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Hunan TV Broadcast price movement. The serial correlation of -0.81 indicates that around 81.0% of current Hunan TV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Hunan TV Broadcast lagged returns against current returns
Autocorrelation, which is Hunan TV 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 Hunan TV's stock expected returns. We can calculate the autocorrelation of Hunan TV returns to help us make a trade decision. For example, suppose you find that Hunan TV 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 |
Hunan TV 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 Hunan TV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hunan TV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hunan TV stock over time.
Current vs Lagged Prices |
| Timeline |
Hunan TV Lagged Returns
When evaluating Hunan TV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hunan TV stock have on its future price. Hunan TV 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, Hunan TV autocorrelation shows the relationship between Hunan TV stock current value and its past values and can show if there is a momentum factor associated with investing in Hunan TV Broadcast.
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 Hunan Stock
Hunan TV financial ratios help investors to determine whether Hunan 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 Hunan with respect to the benefits of owning Hunan TV security.