Meinian Onehealth (China) Market Value
| 002044 Stock | 4.92 0.02 0.41% |
| Symbol | Meinian |
Meinian Onehealth '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 Meinian Onehealth'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 Meinian Onehealth.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Meinian Onehealth on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Meinian Onehealth Healthcare or generate 0.0% return on investment in Meinian Onehealth over 720 days. Meinian Onehealth is related to or competes with Xingguang Agricultural, Linewell Software, Dhc Software, Anhui Huilong, Allied Machinery, Ningbo Tech, and Shantui Construction. More
Meinian Onehealth 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 Meinian Onehealth'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 Meinian Onehealth Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.1669 | |||
| Maximum Drawdown | 18.07 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 6.16 |
Meinian Onehealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meinian Onehealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meinian Onehealth's standard deviation. In reality, there are many statistical measures that can use Meinian Onehealth historical prices to predict the future Meinian Onehealth's volatility.| Risk Adjusted Performance | 0.1687 | |||
| Jensen Alpha | 0.6915 | |||
| Total Risk Alpha | 0.1275 | |||
| Sortino Ratio | 0.1918 | |||
| Treynor Ratio | (2.05) |
Meinian Onehealth Backtested Returns
Meinian Onehealth appears to be relatively risky, given 3 months investment horizon. Meinian Onehealth has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Meinian Onehealth's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please exercise Meinian Onehealth's Risk Adjusted Performance of 0.1687, downside deviation of 2.73, and Mean Deviation of 2.25 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Meinian Onehealth holds a performance score of 16. The company secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Meinian Onehealth are expected to decrease at a much lower rate. During the bear market, Meinian Onehealth is likely to outperform the market. Please check Meinian Onehealth's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Meinian Onehealth's current price movements will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Meinian Onehealth Healthcare has modest reverse predictability. Overlapping area represents the amount of predictability between Meinian Onehealth time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Meinian Onehealth price movement. The serial correlation of -0.48 indicates that about 48.0% of current Meinian Onehealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Meinian Onehealth lagged returns against current returns
Autocorrelation, which is Meinian Onehealth 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 Meinian Onehealth's stock expected returns. We can calculate the autocorrelation of Meinian Onehealth returns to help us make a trade decision. For example, suppose you find that Meinian Onehealth 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 |
Meinian Onehealth 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 Meinian Onehealth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meinian Onehealth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meinian Onehealth stock over time.
Current vs Lagged Prices |
| Timeline |
Meinian Onehealth Lagged Returns
When evaluating Meinian Onehealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meinian Onehealth stock have on its future price. Meinian Onehealth 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, Meinian Onehealth autocorrelation shows the relationship between Meinian Onehealth stock current value and its past values and can show if there is a momentum factor associated with investing in Meinian Onehealth Healthcare.
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 Meinian Stock
Meinian Onehealth financial ratios help investors to determine whether Meinian 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 Meinian with respect to the benefits of owning Meinian Onehealth security.