Qingdao Foods (China) Market Value
| 001219 Stock | 13.63 0.75 5.82% |
| Symbol | Qingdao |
Qingdao Foods '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 Qingdao Foods' 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 Qingdao Foods.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Qingdao Foods on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Qingdao Foods Co or generate 0.0% return on investment in Qingdao Foods over 90 days. Qingdao Foods is related to or competes with Sino Platinum, Haima Automobile, Jiangsu Xinri, Sinomach Automobile, Rising Nonferrous, Ningbo Fangzheng, and Kidswant Children. Qingdao Foods is entity of China. It is traded as Stock on SHE exchange. More
Qingdao Foods 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 Qingdao Foods' 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 Qingdao Foods Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0149 | |||
| Maximum Drawdown | 11.62 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.14 |
Qingdao Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qingdao Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qingdao Foods' standard deviation. In reality, there are many statistical measures that can use Qingdao Foods historical prices to predict the future Qingdao Foods' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.2088 | |||
| Treynor Ratio | (0.32) |
Qingdao Foods Backtested Returns
Qingdao Foods maintains Sharpe Ratio (i.e., Efficiency) of -0.0534, which implies the firm had a -0.0534 % return per unit of risk over the last 3 months. Qingdao Foods exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qingdao Foods' Risk Adjusted Performance of (0.02), coefficient of variation of (3,477), and Variance of 5.14 to confirm the risk estimate we provide. The company holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, Qingdao Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Qingdao Foods is expected to be smaller as well. At this point, Qingdao Foods has a negative expected return of -0.092%. Please make sure to check Qingdao Foods' coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Qingdao Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Qingdao Foods Co has poor predictability. Overlapping area represents the amount of predictability between Qingdao Foods time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Qingdao Foods price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Qingdao Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Qingdao Foods lagged returns against current returns
Autocorrelation, which is Qingdao Foods 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 Qingdao Foods' stock expected returns. We can calculate the autocorrelation of Qingdao Foods returns to help us make a trade decision. For example, suppose you find that Qingdao Foods 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 |
Qingdao Foods 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 Qingdao Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qingdao Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qingdao Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Qingdao Foods Lagged Returns
When evaluating Qingdao Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qingdao Foods stock have on its future price. Qingdao Foods 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, Qingdao Foods autocorrelation shows the relationship between Qingdao Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Qingdao Foods 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 Qingdao Stock
Qingdao Foods financial ratios help investors to determine whether Qingdao 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 Qingdao with respect to the benefits of owning Qingdao Foods security.