Zhongfu Information (China) Market Value
| 300659 Stock | 15.80 0.08 0.50% |
| Symbol | Zhongfu |
Zhongfu Information '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 Zhongfu Information'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 Zhongfu Information.
| 10/26/2024 |
| 01/24/2025 |
If you would invest 0.00 in Zhongfu Information on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Zhongfu Information or generate 0.0% return on investment in Zhongfu Information over 90 days. Zhongfu Information is related to or competes with Zotye Automobile, State Grid, ROPEOK Technology, Jiujiang Shanshui, Tianshui Huatian, Dongfeng Automobile, and Nanjing Putian. Zhongfu Information is entity of China. It is traded as Stock on SHE exchange. More
Zhongfu Information 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 Zhongfu Information'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 Zhongfu Information upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 21.18 | |||
| Value At Risk | (7.37) | |||
| Potential Upside | 7.46 |
Zhongfu Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongfu Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongfu Information's standard deviation. In reality, there are many statistical measures that can use Zhongfu Information historical prices to predict the future Zhongfu Information's volatility.| Risk Adjusted Performance | 0.002 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.09) |
Zhongfu Information Backtested Returns
Zhongfu Information shows Sharpe Ratio of -0.0316, which attests that the company had a -0.0316 % return per unit of risk over the last 3 months. Zhongfu Information exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhongfu Information's Mean Deviation of 3.29, market risk adjusted performance of (0.08), and Standard Deviation of 4.48 to validate the risk estimate we provide. The firm maintains a market beta of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhongfu Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhongfu Information is expected to be smaller as well. At this point, Zhongfu Information has a negative expected return of -0.14%. Please make sure to check out Zhongfu Information's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Zhongfu Information performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Zhongfu Information has good reverse predictability. Overlapping area represents the amount of predictability between Zhongfu Information time series from 26th of October 2024 to 10th of December 2024 and 10th of December 2024 to 24th 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 Zhongfu Information price movement. The serial correlation of -0.52 indicates that about 52.0% of current Zhongfu Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 2.19 |
Zhongfu Information lagged returns against current returns
Autocorrelation, which is Zhongfu Information 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 Zhongfu Information's stock expected returns. We can calculate the autocorrelation of Zhongfu Information returns to help us make a trade decision. For example, suppose you find that Zhongfu Information 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 |
Zhongfu Information 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 Zhongfu Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongfu Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongfu Information stock over time.
Current vs Lagged Prices |
| Timeline |
Zhongfu Information Lagged Returns
When evaluating Zhongfu Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongfu Information stock have on its future price. Zhongfu Information 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, Zhongfu Information autocorrelation shows the relationship between Zhongfu Information stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongfu Information.
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 Zhongfu Stock
Zhongfu Information financial ratios help investors to determine whether Zhongfu 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 Zhongfu with respect to the benefits of owning Zhongfu Information security.