Huizhou Speed (China) Market Value
| 300322 Stock | 13.76 0.40 2.82% |
| Symbol | Huizhou |
Huizhou Speed '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 Huizhou Speed'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 Huizhou Speed.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Huizhou Speed on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Huizhou Speed Wireless or generate 0.0% return on investment in Huizhou Speed over 30 days. Huizhou Speed is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Huizhou Speed is entity of China. It is traded as Stock on SHE exchange. More
Huizhou Speed 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 Huizhou Speed'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 Huizhou Speed Wireless upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.18 | |||
| Information Ratio | 0.129 | |||
| Maximum Drawdown | 34.23 | |||
| Value At Risk | (6.77) | |||
| Potential Upside | 16.71 |
Huizhou Speed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huizhou Speed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huizhou Speed's standard deviation. In reality, there are many statistical measures that can use Huizhou Speed historical prices to predict the future Huizhou Speed's volatility.| Risk Adjusted Performance | 0.1177 | |||
| Jensen Alpha | 0.8335 | |||
| Total Risk Alpha | 0.5604 | |||
| Sortino Ratio | 0.1531 | |||
| Treynor Ratio | (4.61) |
Huizhou Speed Wireless Backtested Returns
Huizhou Speed appears to be slightly risky, given 3 months investment horizon. Huizhou Speed Wireless holds Efficiency (Sharpe) Ratio of 0.0978, which attests that the entity had a 0.0978% return per unit of risk over the last 3 months. By evaluating Huizhou Speed's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize Huizhou Speed's Market Risk Adjusted Performance of (4.60), downside deviation of 5.18, and Risk Adjusted Performance of 0.1177 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Huizhou Speed holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Huizhou Speed are expected to decrease at a much lower rate. During the bear market, Huizhou Speed is likely to outperform the market. Please check Huizhou Speed's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Huizhou Speed's current trending patterns will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Huizhou Speed Wireless has very good reverse predictability. Overlapping area represents the amount of predictability between Huizhou Speed time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Huizhou Speed Wireless price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Huizhou Speed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Huizhou Speed Wireless lagged returns against current returns
Autocorrelation, which is Huizhou Speed 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 Huizhou Speed's stock expected returns. We can calculate the autocorrelation of Huizhou Speed returns to help us make a trade decision. For example, suppose you find that Huizhou Speed 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 |
Huizhou Speed 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 Huizhou Speed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huizhou Speed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huizhou Speed stock over time.
Current vs Lagged Prices |
| Timeline |
Huizhou Speed Lagged Returns
When evaluating Huizhou Speed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huizhou Speed stock have on its future price. Huizhou Speed 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, Huizhou Speed autocorrelation shows the relationship between Huizhou Speed stock current value and its past values and can show if there is a momentum factor associated with investing in Huizhou Speed Wireless.
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 Huizhou Stock
Huizhou Speed financial ratios help investors to determine whether Huizhou 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 Huizhou with respect to the benefits of owning Huizhou Speed security.