Henzhen Zhaowei (China) Market Value
| 003021 Stock | 94.50 1.61 1.68% |
| Symbol | Henzhen |
Henzhen Zhaowei '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 Henzhen Zhaowei'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 Henzhen Zhaowei.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Henzhen Zhaowei on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Henzhen Zhaowei Machinery or generate 0.0% return on investment in Henzhen Zhaowei over 30 days. Henzhen Zhaowei is related to or competes with Zhejiang Construction, Xiandai Investment, Tieling Newcity, Fujian Anjoy, Kunwu Jiuding, Muyuan Foodstuff, and Anji Foodstuff. Henzhen Zhaowei is entity of China. It is traded as Stock on SHE exchange. More
Henzhen Zhaowei 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 Henzhen Zhaowei'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 Henzhen Zhaowei Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.93 | |||
| Information Ratio | 0.2392 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (6.26) | |||
| Potential Upside | 10.0 |
Henzhen Zhaowei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Henzhen Zhaowei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Henzhen Zhaowei's standard deviation. In reality, there are many statistical measures that can use Henzhen Zhaowei historical prices to predict the future Henzhen Zhaowei's volatility.| Risk Adjusted Performance | 0.2131 | |||
| Jensen Alpha | 1.27 | |||
| Total Risk Alpha | 1.15 | |||
| Sortino Ratio | 0.3182 | |||
| Treynor Ratio | 10.12 |
Henzhen Zhaowei Machinery Backtested Returns
Henzhen Zhaowei is very steady given 3 months investment horizon. Henzhen Zhaowei Machinery holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23 % return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.19% are justified by taking the suggested risk. Use Henzhen Zhaowei Machinery Market Risk Adjusted Performance of 10.13, downside deviation of 3.93, and Risk Adjusted Performance of 0.2131 to evaluate company specific risk that cannot be diversified away. Henzhen Zhaowei holds a performance score of 17 on a scale of zero to a hundred. 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, Henzhen Zhaowei's returns are expected to increase less than the market. However, during the bear market, the loss of holding Henzhen Zhaowei is expected to be smaller as well. Use Henzhen Zhaowei Machinery coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to analyze future returns on Henzhen Zhaowei Machinery.
Auto-correlation | -0.06 |
Very weak reverse predictability
Henzhen Zhaowei Machinery has very weak reverse predictability. Overlapping area represents the amount of predictability between Henzhen Zhaowei time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 Henzhen Zhaowei Machinery price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Henzhen Zhaowei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 98.89 |
Henzhen Zhaowei Machinery lagged returns against current returns
Autocorrelation, which is Henzhen Zhaowei 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 Henzhen Zhaowei's stock expected returns. We can calculate the autocorrelation of Henzhen Zhaowei returns to help us make a trade decision. For example, suppose you find that Henzhen Zhaowei 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 |
Henzhen Zhaowei 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 Henzhen Zhaowei stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Henzhen Zhaowei stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Henzhen Zhaowei stock over time.
Current vs Lagged Prices |
| Timeline |
Henzhen Zhaowei Lagged Returns
When evaluating Henzhen Zhaowei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Henzhen Zhaowei stock have on its future price. Henzhen Zhaowei 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, Henzhen Zhaowei autocorrelation shows the relationship between Henzhen Zhaowei stock current value and its past values and can show if there is a momentum factor associated with investing in Henzhen Zhaowei Machinery.
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 Henzhen Stock
Henzhen Zhaowei financial ratios help investors to determine whether Henzhen 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 Henzhen with respect to the benefits of owning Henzhen Zhaowei security.