Dongjiang Environmental (China) Market Value
| 002672 Stock | 4.88 0.04 0.81% |
| Symbol | Dongjiang |
Dongjiang Environmental '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 Dongjiang Environmental'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 Dongjiang Environmental.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Dongjiang Environmental on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Dongjiang Environmental Co or generate 0.0% return on investment in Dongjiang Environmental over 180 days. Dongjiang Environmental is related to or competes with Metro Investment, Nancal Energy, Bank of Suzhou, Cultural Investment, Hubei Geoway, Henan Shuanghui, and Ping An. Dongjiang Environmental is entity of China More
Dongjiang Environmental 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 Dongjiang Environmental'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 Dongjiang Environmental Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.1598 | |||
| Maximum Drawdown | 17.63 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 5.0 |
Dongjiang Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongjiang Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongjiang Environmental's standard deviation. In reality, there are many statistical measures that can use Dongjiang Environmental historical prices to predict the future Dongjiang Environmental's volatility.| Risk Adjusted Performance | 0.1645 | |||
| Jensen Alpha | 0.6153 | |||
| Total Risk Alpha | 0.1062 | |||
| Sortino Ratio | 0.1768 | |||
| Treynor Ratio | (15.61) |
Dongjiang Environmental Backtested Returns
Dongjiang Environmental appears to be relatively risky, given 3 months investment horizon. Dongjiang Environmental secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of risk over the last 3 months. By reviewing Dongjiang Environmental's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Dongjiang Environmental's Coefficient Of Variation of 486.87, mean deviation of 2.15, and Downside Deviation of 2.73 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dongjiang Environmental holds a performance score of 16. The firm shows a Beta (market volatility) of -0.0391, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dongjiang Environmental are expected to decrease at a much lower rate. During the bear market, Dongjiang Environmental is likely to outperform the market. Please check Dongjiang Environmental's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Dongjiang Environmental's price patterns will revert.
Auto-correlation | -0.5 |
Modest reverse predictability
Dongjiang Environmental Co has modest reverse predictability. Overlapping area represents the amount of predictability between Dongjiang Environmental time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Dongjiang Environmental price movement. The serial correlation of -0.5 indicates that about 50.0% of current Dongjiang Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Dongjiang Environmental lagged returns against current returns
Autocorrelation, which is Dongjiang Environmental 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 Dongjiang Environmental's stock expected returns. We can calculate the autocorrelation of Dongjiang Environmental returns to help us make a trade decision. For example, suppose you find that Dongjiang Environmental 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 |
Dongjiang Environmental 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 Dongjiang Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongjiang Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongjiang Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
Dongjiang Environmental Lagged Returns
When evaluating Dongjiang Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongjiang Environmental stock have on its future price. Dongjiang Environmental 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, Dongjiang Environmental autocorrelation shows the relationship between Dongjiang Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Dongjiang Environmental Co.
Regressed Prices |
| Timeline |
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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 Dongjiang Stock
Dongjiang Environmental financial ratios help investors to determine whether Dongjiang 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 Dongjiang with respect to the benefits of owning Dongjiang Environmental security.