Runjian Communication (China) Market Value
| 002929 Stock | 29.82 0.60 2.05% |
| Symbol | Runjian |
Runjian Communication '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 Runjian Communication'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 Runjian Communication.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Runjian Communication on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Runjian Communication Co or generate 0.0% return on investment in Runjian Communication over 720 days. Runjian Communication is related to or competes with Kweichow Moutai, NAURA Technology, APT Medical, BYD Co, Shenzhen Mindray, Contemporary Amperex, and Beijing Roborock. Runjian Communication is entity of China More
Runjian Communication 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 Runjian Communication'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 Runjian Communication Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | 0.0517 | |||
| Maximum Drawdown | 19.58 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 4.96 |
Runjian Communication Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Runjian Communication's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Runjian Communication's standard deviation. In reality, there are many statistical measures that can use Runjian Communication historical prices to predict the future Runjian Communication's volatility.| Risk Adjusted Performance | 0.0809 | |||
| Jensen Alpha | 0.2792 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.053 | |||
| Treynor Ratio | 4.12 |
Runjian Communication Backtested Returns
Runjian Communication appears to be very steady, given 3 months investment horizon. Runjian Communication maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Runjian Communication, which you can use to evaluate the volatility of the company. Please evaluate Runjian Communication's Semi Deviation of 2.84, risk adjusted performance of 0.0809, and Coefficient Of Variation of 1042.15 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Runjian Communication holds a performance score of 9. The company holds a Beta of 0.07, which implies not very significant fluctuations relative to the market. As returns on the market increase, Runjian Communication's returns are expected to increase less than the market. However, during the bear market, the loss of holding Runjian Communication is expected to be smaller as well. Please check Runjian Communication's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Runjian Communication's historical price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Runjian Communication Co has average predictability. Overlapping area represents the amount of predictability between Runjian Communication time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Runjian Communication price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Runjian Communication price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 26.69 |
Runjian Communication lagged returns against current returns
Autocorrelation, which is Runjian Communication 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 Runjian Communication's stock expected returns. We can calculate the autocorrelation of Runjian Communication returns to help us make a trade decision. For example, suppose you find that Runjian Communication 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 |
Runjian Communication 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 Runjian Communication stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Runjian Communication stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Runjian Communication stock over time.
Current vs Lagged Prices |
| Timeline |
Runjian Communication Lagged Returns
When evaluating Runjian Communication's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Runjian Communication stock have on its future price. Runjian Communication 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, Runjian Communication autocorrelation shows the relationship between Runjian Communication stock current value and its past values and can show if there is a momentum factor associated with investing in Runjian Communication Co.
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 Runjian Stock
Runjian Communication financial ratios help investors to determine whether Runjian 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 Runjian with respect to the benefits of owning Runjian Communication security.