Zhejiang Crystal (China) Market Value
| 002273 Stock | 20.70 0.16 0.77% |
| Symbol | Zhejiang |
Zhejiang Crystal '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 Zhejiang Crystal'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 Zhejiang Crystal.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Zhejiang Crystal on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Zhejiang Crystal Optech or generate 0.0% return on investment in Zhejiang Crystal over 720 days. Zhejiang Crystal is related to or competes with North Huajin, Xinxiang Chemical, Maoming Petro, Union Semiconductor, Liuzhou Chemical, Sportsoul, and Miracll Chemicals. Zhejiang Crystal is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Crystal 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 Zhejiang Crystal'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 Zhejiang Crystal Optech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.75 | |||
| Information Ratio | 0.1105 | |||
| Maximum Drawdown | 14.87 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 8.1 |
Zhejiang Crystal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Crystal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Crystal's standard deviation. In reality, there are many statistical measures that can use Zhejiang Crystal historical prices to predict the future Zhejiang Crystal's volatility.| Risk Adjusted Performance | 0.1022 | |||
| Jensen Alpha | 0.4325 | |||
| Total Risk Alpha | 0.1649 | |||
| Sortino Ratio | 0.1391 | |||
| Treynor Ratio | 2.99 |
Zhejiang Crystal Optech Backtested Returns
Zhejiang Crystal appears to be not too volatile, given 3 months investment horizon. Zhejiang Crystal Optech shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. By examining Zhejiang Crystal's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Zhejiang Crystal's Downside Deviation of 2.75, mean deviation of 2.66, and Market Risk Adjusted Performance of 3.0 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Crystal holds a performance score of 12. The firm maintains a market beta of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhejiang Crystal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhejiang Crystal is expected to be smaller as well. Please check Zhejiang Crystal's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Zhejiang Crystal's historical returns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Zhejiang Crystal Optech has very weak reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Crystal time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Zhejiang Crystal Optech price movement. The serial correlation of -0.01 indicates that just 1.0% of current Zhejiang Crystal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 12.41 |
Zhejiang Crystal Optech lagged returns against current returns
Autocorrelation, which is Zhejiang Crystal 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 Zhejiang Crystal's stock expected returns. We can calculate the autocorrelation of Zhejiang Crystal returns to help us make a trade decision. For example, suppose you find that Zhejiang Crystal 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 |
Zhejiang Crystal 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 Zhejiang Crystal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Crystal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Crystal stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Crystal Lagged Returns
When evaluating Zhejiang Crystal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Crystal stock have on its future price. Zhejiang Crystal 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, Zhejiang Crystal autocorrelation shows the relationship between Zhejiang Crystal stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Crystal Optech.
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 Zhejiang Stock
Zhejiang Crystal financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Crystal security.