Eternal Asia (China) Market Value
| 002183 Stock | 5.26 0.47 8.20% |
| Symbol | Eternal |
Eternal Asia '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 Eternal Asia'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 Eternal Asia.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Eternal Asia on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Eternal Asia Supply or generate 0.0% return on investment in Eternal Asia over 90 days. Eternal Asia is related to or competes with Porton Fine, Wasu Media, Hengdian Entertainment, Aba Chemicals, GUOMAI Culture, Shenzhen, and Miracll Chemicals. More
Eternal Asia 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 Eternal Asia'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 Eternal Asia Supply upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | 0.1084 | |||
| Maximum Drawdown | 12.93 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 4.89 |
Eternal Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eternal Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eternal Asia's standard deviation. In reality, there are many statistical measures that can use Eternal Asia historical prices to predict the future Eternal Asia's volatility.| Risk Adjusted Performance | 0.0623 | |||
| Jensen Alpha | 0.151 | |||
| Total Risk Alpha | 0.5997 | |||
| Sortino Ratio | 0.1235 | |||
| Treynor Ratio | (0.92) |
Eternal Asia Supply Backtested Returns
At this point, Eternal Asia is slightly risky. Eternal Asia Supply secures Sharpe Ratio (or Efficiency) of 0.0665, which denotes the company had a 0.0665 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eternal Asia Supply, which you can use to evaluate the volatility of the firm. Please confirm Eternal Asia's Mean Deviation of 1.98, coefficient of variation of 1504.37, and Downside Deviation of 2.44 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Eternal Asia has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eternal Asia are expected to decrease at a much lower rate. During the bear market, Eternal Asia is likely to outperform the market. Eternal Asia Supply right now shows a risk of 2.79%. Please confirm Eternal Asia Supply downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Eternal Asia Supply will be following its price patterns.
Auto-correlation | -0.63 |
Very good reverse predictability
Eternal Asia Supply has very good reverse predictability. Overlapping area represents the amount of predictability between Eternal Asia time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 Eternal Asia Supply price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Eternal Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Eternal Asia Supply lagged returns against current returns
Autocorrelation, which is Eternal Asia 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 Eternal Asia's stock expected returns. We can calculate the autocorrelation of Eternal Asia returns to help us make a trade decision. For example, suppose you find that Eternal Asia 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 |
Eternal Asia 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 Eternal Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eternal Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eternal Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Eternal Asia Lagged Returns
When evaluating Eternal Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eternal Asia stock have on its future price. Eternal Asia 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, Eternal Asia autocorrelation shows the relationship between Eternal Asia stock current value and its past values and can show if there is a momentum factor associated with investing in Eternal Asia Supply.
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 Eternal Stock
Eternal Asia financial ratios help investors to determine whether Eternal 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 Eternal with respect to the benefits of owning Eternal Asia security.