Zhejiang Huatong (China) Market Value
| 002840 Stock | 13.73 0.45 3.17% |
| Symbol | Zhejiang |
Zhejiang Huatong '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 Huatong'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 Huatong.
| 04/23/2024 |
| 12/19/2024 |
If you would invest 0.00 in Zhejiang Huatong on April 23, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Huatong Meat or generate 0.0% return on investment in Zhejiang Huatong over 240 days. Zhejiang Huatong is related to or competes with Nanjing Putian, Tianjin Realty, Kangyue Technology, Shenzhen Hifuture, Shenzhen Changfang, Shenyang Huitian, and Jiangsu Xinning. Zhejiang Huatong is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Huatong 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 Huatong'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 Huatong Meat upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | 0.1083 | |||
| Maximum Drawdown | 18.63 | |||
| Value At Risk | (4.59) | |||
| Potential Upside | 8.31 |
Zhejiang Huatong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Huatong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Huatong's standard deviation. In reality, there are many statistical measures that can use Zhejiang Huatong historical prices to predict the future Zhejiang Huatong's volatility.| Risk Adjusted Performance | 0.1002 | |||
| Jensen Alpha | 0.4128 | |||
| Total Risk Alpha | 0.3351 | |||
| Sortino Ratio | 0.1361 | |||
| Treynor Ratio | 0.6492 |
Zhejiang Huatong Meat Backtested Returns
Zhejiang Huatong appears to be somewhat reliable, given 3 months investment horizon. Zhejiang Huatong Meat 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 Huatong's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize Zhejiang Huatong's Market Risk Adjusted Performance of 0.6592, downside deviation of 2.98, and Mean Deviation of 2.87 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Huatong holds a performance score of 12. The firm maintains a market beta of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhejiang Huatong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhejiang Huatong is expected to be smaller as well. Please check Zhejiang Huatong's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Zhejiang Huatong's historical returns will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Zhejiang Huatong Meat has excellent reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Huatong time series from 23rd of April 2024 to 21st of August 2024 and 21st of August 2024 to 19th 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 Huatong Meat price movement. The serial correlation of -0.81 indicates that around 81.0% of current Zhejiang Huatong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
Zhejiang Huatong Meat lagged returns against current returns
Autocorrelation, which is Zhejiang Huatong 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 Huatong's stock expected returns. We can calculate the autocorrelation of Zhejiang Huatong returns to help us make a trade decision. For example, suppose you find that Zhejiang Huatong 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 Huatong 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 Huatong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Huatong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Huatong stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Huatong Lagged Returns
When evaluating Zhejiang Huatong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Huatong stock have on its future price. Zhejiang Huatong 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 Huatong autocorrelation shows the relationship between Zhejiang Huatong stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Huatong Meat.
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 Zhejiang Stock
Zhejiang Huatong 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 Huatong security.