Masterwork Machinery (China) Market Value
| 300195 Stock | 6.34 0.06 0.96% |
| Symbol | Masterwork |
Masterwork Machinery '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 Masterwork Machinery'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 Masterwork Machinery.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Masterwork Machinery on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Masterwork Machinery or generate 0.0% return on investment in Masterwork Machinery over 30 days. Masterwork Machinery is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. Masterwork Machinery is entity of China. It is traded as Stock on SHE exchange. More
Masterwork Machinery 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 Masterwork Machinery'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 Masterwork Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.69 | |||
| Information Ratio | 0.1451 | |||
| Maximum Drawdown | 28.47 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 8.48 |
Masterwork Machinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Masterwork Machinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Masterwork Machinery's standard deviation. In reality, there are many statistical measures that can use Masterwork Machinery historical prices to predict the future Masterwork Machinery's volatility.| Risk Adjusted Performance | 0.1286 | |||
| Jensen Alpha | 0.725 | |||
| Total Risk Alpha | 0.5845 | |||
| Sortino Ratio | 0.1485 | |||
| Treynor Ratio | (2.64) |
Masterwork Machinery Backtested Returns
Masterwork Machinery appears to be relatively risky, given 3 months investment horizon. Masterwork Machinery has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Masterwork Machinery's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please exercise Masterwork Machinery's Mean Deviation of 3.09, downside deviation of 4.69, and Risk Adjusted Performance of 0.1286 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Masterwork Machinery holds a performance score of 13. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Masterwork Machinery are expected to decrease at a much lower rate. During the bear market, Masterwork Machinery is likely to outperform the market. Please check Masterwork Machinery's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Masterwork Machinery's current price movements will revert.
Auto-correlation | -0.88 |
Excellent reverse predictability
Masterwork Machinery has excellent reverse predictability. Overlapping area represents the amount of predictability between Masterwork Machinery time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Masterwork Machinery price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Masterwork Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Masterwork Machinery lagged returns against current returns
Autocorrelation, which is Masterwork Machinery 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 Masterwork Machinery's stock expected returns. We can calculate the autocorrelation of Masterwork Machinery returns to help us make a trade decision. For example, suppose you find that Masterwork Machinery 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 |
Masterwork Machinery 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 Masterwork Machinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Masterwork Machinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Masterwork Machinery stock over time.
Current vs Lagged Prices |
| Timeline |
Masterwork Machinery Lagged Returns
When evaluating Masterwork Machinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Masterwork Machinery stock have on its future price. Masterwork Machinery 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, Masterwork Machinery autocorrelation shows the relationship between Masterwork Machinery stock current value and its past values and can show if there is a momentum factor associated with investing in Masterwork Machinery.
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 Masterwork Stock
Masterwork Machinery financial ratios help investors to determine whether Masterwork 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 Masterwork with respect to the benefits of owning Masterwork Machinery security.