Hangzhou Weiguang's market value is the price at which a share of Hangzhou Weiguang trades on a public exchange. It measures the collective expectations of Hangzhou Weiguang Electronic investors about its performance. Hangzhou Weiguang is trading at 22.93 as of the 5th of January 2025, a 3.86 percent decrease since the beginning of the trading day. The stock's open price was 23.85. With this module, you can estimate the performance of a buy and hold strategy of Hangzhou Weiguang Electronic and determine expected loss or profit from investing in Hangzhou Weiguang over a given investment horizon. Check out Hangzhou Weiguang Correlation, Hangzhou Weiguang Volatility and Hangzhou Weiguang Alpha and Beta module to complement your research on Hangzhou Weiguang.
Please note, there is a significant difference between Hangzhou Weiguang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hangzhou Weiguang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hangzhou Weiguang'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.
Hangzhou Weiguang '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 Hangzhou Weiguang'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 Hangzhou Weiguang.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hangzhou Weiguang'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 Hangzhou Weiguang Electronic 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 Hangzhou Weiguang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Weiguang's standard deviation. In reality, there are many statistical measures that can use Hangzhou Weiguang historical prices to predict the future Hangzhou Weiguang's volatility.
At this point, Hangzhou Weiguang is not too volatile. Hangzhou Weiguang holds Efficiency (Sharpe) Ratio of 0.0228, which attests that the entity had a 0.0228% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hangzhou Weiguang, which you can use to evaluate the volatility of the firm. Please check out Hangzhou Weiguang's Market Risk Adjusted Performance of 0.352, risk adjusted performance of 0.0252, and Downside Deviation of 2.44 to validate if the risk estimate we provide is consistent with the expected return of 0.0558%. Hangzhou Weiguang has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hangzhou Weiguang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hangzhou Weiguang is expected to be smaller as well. Hangzhou Weiguang right now retains a risk of 2.45%. Please check out Hangzhou Weiguang coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Hangzhou Weiguang will be following its current trending patterns.
Auto-correlation
-0.49
Modest reverse predictability
Hangzhou Weiguang Electronic has modest reverse predictability. Overlapping area represents the amount of predictability between Hangzhou Weiguang time series from 16th of January 2023 to 11th of January 2024 and 11th of January 2024 to 5th 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 Hangzhou Weiguang price movement. The serial correlation of -0.49 indicates that about 49.0% of current Hangzhou Weiguang price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.49
Spearman Rank Test
-0.21
Residual Average
0.0
Price Variance
5.66
Hangzhou Weiguang lagged returns against current returns
Autocorrelation, which is Hangzhou Weiguang 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 Hangzhou Weiguang's stock expected returns. We can calculate the autocorrelation of Hangzhou Weiguang returns to help us make a trade decision. For example, suppose you find that Hangzhou Weiguang 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
Hangzhou Weiguang 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 Hangzhou Weiguang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Weiguang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Weiguang stock over time.
Current vs Lagged Prices
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Hangzhou Weiguang Lagged Returns
When evaluating Hangzhou Weiguang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Weiguang stock have on its future price. Hangzhou Weiguang 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, Hangzhou Weiguang autocorrelation shows the relationship between Hangzhou Weiguang stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Weiguang Electronic.
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.
Hangzhou Weiguang financial ratios help investors to determine whether Hangzhou 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 Hangzhou with respect to the benefits of owning Hangzhou Weiguang security.