Hithink RoyalFlush (China) Market Value
| 300033 Stock | 318.70 18.22 6.06% |
| Symbol | Hithink |
Hithink RoyalFlush '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 Hithink RoyalFlush'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 Hithink RoyalFlush.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Hithink RoyalFlush on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Hithink RoyalFlush Info or generate 0.0% return on investment in Hithink RoyalFlush over 90 days. Hithink RoyalFlush is related to or competes with Chengtun Mining, Queclink Wireless, Guangzhou Haige, Zhengzhou Coal, Uroica Mining, Tongyu Communication, and Huizhou Speed. Hithink RoyalFlush is entity of China. It is traded as Stock on SHE exchange. More
Hithink RoyalFlush 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 Hithink RoyalFlush'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 Hithink RoyalFlush Info upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0124 | |||
| Maximum Drawdown | 22.56 | |||
| Value At Risk | (5.16) | |||
| Potential Upside | 4.2 |
Hithink RoyalFlush Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hithink RoyalFlush's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hithink RoyalFlush's standard deviation. In reality, there are many statistical measures that can use Hithink RoyalFlush historical prices to predict the future Hithink RoyalFlush's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0106 | |||
| Total Risk Alpha | 0.4815 | |||
| Treynor Ratio | (0.13) |
Hithink RoyalFlush Info Backtested Returns
At this point, Hithink RoyalFlush is very steady. Hithink RoyalFlush Info holds Efficiency (Sharpe) Ratio of 0.0493, which attests that the entity had a 0.0493 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Hithink RoyalFlush Info, which you can use to evaluate the volatility of the firm. Please check out Hithink RoyalFlush's Risk Adjusted Performance of (0.01), market risk adjusted performance of (0.12), and Standard Deviation of 3.45 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Hithink RoyalFlush has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hithink RoyalFlush's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hithink RoyalFlush is expected to be smaller as well. Hithink RoyalFlush Info right now retains a risk of 3.59%. Please check out Hithink RoyalFlush treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Hithink RoyalFlush will be following its current trending patterns.
Auto-correlation | 0.11 |
Insignificant predictability
Hithink RoyalFlush Info has insignificant predictability. Overlapping area represents the amount of predictability between Hithink RoyalFlush time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 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 Hithink RoyalFlush Info price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Hithink RoyalFlush price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 85.91 |
Hithink RoyalFlush Info lagged returns against current returns
Autocorrelation, which is Hithink RoyalFlush 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 Hithink RoyalFlush's stock expected returns. We can calculate the autocorrelation of Hithink RoyalFlush returns to help us make a trade decision. For example, suppose you find that Hithink RoyalFlush 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 |
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Hithink RoyalFlush 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 Hithink RoyalFlush stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hithink RoyalFlush stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hithink RoyalFlush stock over time.
Current vs Lagged Prices |
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Hithink RoyalFlush Lagged Returns
When evaluating Hithink RoyalFlush's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hithink RoyalFlush stock have on its future price. Hithink RoyalFlush 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, Hithink RoyalFlush autocorrelation shows the relationship between Hithink RoyalFlush stock current value and its past values and can show if there is a momentum factor associated with investing in Hithink RoyalFlush Info.
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 Hithink Stock
Hithink RoyalFlush financial ratios help investors to determine whether Hithink 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 Hithink with respect to the benefits of owning Hithink RoyalFlush security.