Huadong Medicine (China) Market Value
| 000963 Stock | 35.95 0.24 0.66% |
| Symbol | Huadong |
Huadong Medicine '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 Huadong Medicine'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 Huadong Medicine.
| 06/26/2024 |
| 12/23/2024 |
If you would invest 0.00 in Huadong Medicine on June 26, 2024 and sell it all today you would earn a total of 0.00 from holding Huadong Medicine Co or generate 0.0% return on investment in Huadong Medicine over 180 days. Huadong Medicine is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Huadong Medicine is entity of China. It is traded as Stock on SHE exchange. More
Huadong Medicine 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 Huadong Medicine'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 Huadong Medicine Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.1518 | |||
| Maximum Drawdown | 15.65 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 4.4 |
Huadong Medicine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huadong Medicine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huadong Medicine's standard deviation. In reality, there are many statistical measures that can use Huadong Medicine historical prices to predict the future Huadong Medicine's volatility.| Risk Adjusted Performance | 0.1372 | |||
| Jensen Alpha | 0.4003 | |||
| Total Risk Alpha | 0.3353 | |||
| Sortino Ratio | 0.1617 | |||
| Treynor Ratio | 1.54 |
Huadong Medicine Backtested Returns
Huadong Medicine appears to be very steady, given 3 months investment horizon. Huadong Medicine holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Huadong Medicine, which you can use to evaluate the volatility of the firm. Please utilize Huadong Medicine's risk adjusted performance of 0.1372, and Market Risk Adjusted Performance of 1.55 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Huadong Medicine holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Huadong Medicine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Huadong Medicine is expected to be smaller as well. Please check Huadong Medicine's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Huadong Medicine's current trending patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Huadong Medicine Co has below average predictability. Overlapping area represents the amount of predictability between Huadong Medicine time series from 26th of June 2024 to 24th of September 2024 and 24th of September 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 Huadong Medicine price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Huadong Medicine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 4.2 |
Huadong Medicine lagged returns against current returns
Autocorrelation, which is Huadong Medicine 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 Huadong Medicine's stock expected returns. We can calculate the autocorrelation of Huadong Medicine returns to help us make a trade decision. For example, suppose you find that Huadong Medicine 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 |
Huadong Medicine 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 Huadong Medicine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huadong Medicine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huadong Medicine stock over time.
Current vs Lagged Prices |
| Timeline |
Huadong Medicine Lagged Returns
When evaluating Huadong Medicine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huadong Medicine stock have on its future price. Huadong Medicine 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, Huadong Medicine autocorrelation shows the relationship between Huadong Medicine stock current value and its past values and can show if there is a momentum factor associated with investing in Huadong Medicine 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.Other Information on Investing in Huadong Stock
Huadong Medicine financial ratios help investors to determine whether Huadong 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 Huadong with respect to the benefits of owning Huadong Medicine security.