Zhonghang Electronic's market value is the price at which a share of Zhonghang Electronic trades on a public exchange. It measures the collective expectations of Zhonghang Electronic Measuring investors about its performance. Zhonghang Electronic is trading at 68.06 as of the 10th of January 2025, a 4.71 percent increase since the beginning of the trading day. The stock's open price was 65.0. With this module, you can estimate the performance of a buy and hold strategy of Zhonghang Electronic Measuring and determine expected loss or profit from investing in Zhonghang Electronic over a given investment horizon. Check out Zhonghang Electronic Correlation, Zhonghang Electronic Volatility and Zhonghang Electronic Alpha and Beta module to complement your research on Zhonghang Electronic.
Please note, there is a significant difference between Zhonghang Electronic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhonghang Electronic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhonghang Electronic'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.
Zhonghang Electronic '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 Zhonghang Electronic'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 Zhonghang Electronic.
0.00
12/11/2024
No Change 0.00
0.0
In 30 days
01/10/2025
0.00
If you would invest 0.00 in Zhonghang Electronic on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Zhonghang Electronic Measuring or generate 0.0% return on investment in Zhonghang Electronic over 30 days. Zhonghang Electronic is related to or competes with Jiaozuo Wanfang, Zijin Mining, Jiangsu Yanghe, Chongqing Shunbo, Xinjiang Baodi, Uroica Mining, and Anhui Transport. Zhonghang Electronic is entity of China. It is traded as Stock on SHE exchange. More
Zhonghang Electronic 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 Zhonghang Electronic'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 Zhonghang Electronic Measuring 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 Zhonghang Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhonghang Electronic's standard deviation. In reality, there are many statistical measures that can use Zhonghang Electronic historical prices to predict the future Zhonghang Electronic's volatility.
At this point, Zhonghang Electronic is very steady. Zhonghang Electronic shows Sharpe Ratio of 0.0104, which attests that the company had a 0.0104% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhonghang Electronic, which you can use to evaluate the volatility of the company. Please check out Zhonghang Electronic's Downside Deviation of 4.94, market risk adjusted performance of (0.51), and Mean Deviation of 3.81 to validate if the risk estimate we provide is consistent with the expected return of 0.0417%. The firm maintains a market beta of -0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhonghang Electronic are expected to decrease at a much lower rate. During the bear market, Zhonghang Electronic is likely to outperform the market. Zhonghang Electronic right now maintains a risk of 4.02%. Please check out Zhonghang Electronic downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Zhonghang Electronic will be following its historical returns.
Auto-correlation
-0.55
Good reverse predictability
Zhonghang Electronic Measuring has good reverse predictability. Overlapping area represents the amount of predictability between Zhonghang Electronic time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 Zhonghang Electronic price movement. The serial correlation of -0.55 indicates that about 55.0% of current Zhonghang Electronic price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.55
Spearman Rank Test
-0.36
Residual Average
0.0
Price Variance
23.09
Zhonghang Electronic lagged returns against current returns
Autocorrelation, which is Zhonghang Electronic 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 Zhonghang Electronic's stock expected returns. We can calculate the autocorrelation of Zhonghang Electronic returns to help us make a trade decision. For example, suppose you find that Zhonghang Electronic 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
Zhonghang Electronic 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 Zhonghang Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhonghang Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhonghang Electronic stock over time.
Current vs Lagged Prices
Timeline
Zhonghang Electronic Lagged Returns
When evaluating Zhonghang Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhonghang Electronic stock have on its future price. Zhonghang Electronic 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, Zhonghang Electronic autocorrelation shows the relationship between Zhonghang Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Zhonghang Electronic Measuring.
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.
Zhonghang Electronic financial ratios help investors to determine whether Zhonghang 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 Zhonghang with respect to the benefits of owning Zhonghang Electronic security.