Westone Information (China) Market Value
| 002268 Stock | 17.76 0.31 1.72% |
| Symbol | Westone |
Westone Information '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 Westone Information'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 Westone Information.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Westone Information on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Westone Information Industry or generate 0.0% return on investment in Westone Information over 30 days. Westone Information is related to or competes with Hangzhou Weiguang, Epoxy Base, Shanghai Broadband, Leyard Optoelectronic, Shaanxi Broadcast, Road Environment, and Guizhou BroadcastingTV. Westone Information is entity of China. It is traded as Stock on SHE exchange. More
Westone Information 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 Westone Information'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 Westone Information Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.161 | |||
| Maximum Drawdown | 17.81 | |||
| Value At Risk | (4.51) | |||
| Potential Upside | 9.99 |
Westone Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westone Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westone Information's standard deviation. In reality, there are many statistical measures that can use Westone Information historical prices to predict the future Westone Information's volatility.| Risk Adjusted Performance | 0.1541 | |||
| Jensen Alpha | 0.655 | |||
| Total Risk Alpha | 0.1982 | |||
| Sortino Ratio | 0.1836 | |||
| Treynor Ratio | 1.6 |
Westone Information Backtested Returns
Westone Information appears to be not too volatile, given 3 months investment horizon. Westone Information shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. By examining Westone Information's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please utilize Westone Information's Mean Deviation of 2.79, downside deviation of 3.25, and Market Risk Adjusted Performance of 1.61 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Westone Information holds a performance score of 14. The firm maintains a market beta of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westone Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westone Information is expected to be smaller as well. Please check Westone Information's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Westone Information's historical returns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Westone Information Industry has very good reverse predictability. Overlapping area represents the amount of predictability between Westone Information time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Westone Information price movement. The serial correlation of -0.69 indicates that around 69.0% of current Westone Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Westone Information lagged returns against current returns
Autocorrelation, which is Westone Information 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 Westone Information's stock expected returns. We can calculate the autocorrelation of Westone Information returns to help us make a trade decision. For example, suppose you find that Westone Information 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 |
Westone Information 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 Westone Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westone Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westone Information stock over time.
Current vs Lagged Prices |
| Timeline |
Westone Information Lagged Returns
When evaluating Westone Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westone Information stock have on its future price. Westone Information 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, Westone Information autocorrelation shows the relationship between Westone Information stock current value and its past values and can show if there is a momentum factor associated with investing in Westone Information Industry.
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 Westone Stock
Westone Information financial ratios help investors to determine whether Westone 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 Westone with respect to the benefits of owning Westone Information security.