Hainan Development's market value is the price at which a share of Hainan Development trades on a public exchange. It measures the collective expectations of Hainan Development Holdings investors about its performance. Hainan Development is trading at 8.33 as of the 4th of January 2025, a 6.93 percent decrease since the beginning of the trading day. The stock's open price was 8.95. With this module, you can estimate the performance of a buy and hold strategy of Hainan Development Holdings and determine expected loss or profit from investing in Hainan Development over a given investment horizon. Check out Hainan Development Correlation, Hainan Development Volatility and Hainan Development Alpha and Beta module to complement your research on Hainan Development.
Please note, there is a significant difference between Hainan Development's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hainan Development is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hainan Development'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 Development '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 Development'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 Development.
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11/05/2024
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In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in Hainan Development on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hainan Development Holdings or generate 0.0% return on investment in Hainan Development over 60 days. Hainan Development is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Hainan Development is entity of China. It is traded as Stock on SHE exchange. More
Hainan Development 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 Development'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 Development Holdings 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 Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hainan Development's standard deviation. In reality, there are many statistical measures that can use Hainan Development historical prices to predict the future Hainan Development's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hainan Development. Your research has to be compared to or analyzed against Hainan Development's peers to derive any actionable benefits. When done correctly, Hainan Development'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 Development.
Hainan Development Backtested Returns
Hainan Development appears to be slightly risky, given 3 months investment horizon. Hainan Development holds Efficiency (Sharpe) Ratio of 0.044, which attests that the entity had a 0.044% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hainan Development, which you can use to evaluate the volatility of the firm. Please utilize Hainan Development's Downside Deviation of 4.68, market risk adjusted performance of 0.4783, and Risk Adjusted Performance of 0.0869 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hainan Development holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of 0.98, which attests to possible diversification benefits within a given portfolio. Hainan Development returns are very sensitive to returns on the market. As the market goes up or down, Hainan Development is expected to follow. Please check Hainan Development's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Hainan Development's current trending patterns will revert.
Auto-correlation
-0.77
Almost perfect reverse predictability
Hainan Development Holdings has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hainan Development 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 Development price movement. The serial correlation of -0.77 indicates that around 77.0% of current Hainan Development price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.77
Spearman Rank Test
-0.22
Residual Average
0.0
Price Variance
1.02
Hainan Development lagged returns against current returns
Autocorrelation, which is Hainan Development 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 Development's stock expected returns. We can calculate the autocorrelation of Hainan Development returns to help us make a trade decision. For example, suppose you find that Hainan Development 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 Development 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 Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hainan Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hainan Development stock over time.
Current vs Lagged Prices
Timeline
Hainan Development Lagged Returns
When evaluating Hainan Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hainan Development stock have on its future price. Hainan Development 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 Development autocorrelation shows the relationship between Hainan Development stock current value and its past values and can show if there is a momentum factor associated with investing in Hainan Development Holdings.
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 Development 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 Development security.