Hangzhou Prevail (China) Market Value
| 300710 Stock | 19.02 0.29 1.50% |
| Symbol | Hangzhou |
Hangzhou Prevail '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 Hangzhou Prevail'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 Hangzhou Prevail.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hangzhou Prevail on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hangzhou Prevail Optoelectronic or generate 0.0% return on investment in Hangzhou Prevail over 90 days. Hangzhou Prevail is related to or competes with CSSC Offshore, Vohringer Home, Lootom Telcovideo, Shanghai Yanpu, Western Metal, Heilongjiang Transport, and UE Furniture. Hangzhou Prevail is entity of China. It is traded as Stock on SHE exchange. More
Hangzhou Prevail 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 Hangzhou Prevail'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 Hangzhou Prevail Optoelectronic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0282 | |||
| Maximum Drawdown | 12.04 | |||
| Value At Risk | (5.82) | |||
| Potential Upside | 4.11 |
Hangzhou Prevail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Prevail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Prevail's standard deviation. In reality, there are many statistical measures that can use Hangzhou Prevail historical prices to predict the future Hangzhou Prevail's volatility.| Risk Adjusted Performance | 0.001 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.3248 | |||
| Treynor Ratio | (1.14) |
Hangzhou Prevail Opt Backtested Returns
Hangzhou Prevail Opt holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. Hangzhou Prevail Opt exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hangzhou Prevail's Standard Deviation of 2.83, market risk adjusted performance of (1.13), and Risk Adjusted Performance of 0.001 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0257, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hangzhou Prevail's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hangzhou Prevail is expected to be smaller as well. At this point, Hangzhou Prevail Opt has a negative expected return of -0.0212%. Please make sure to check out Hangzhou Prevail's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Hangzhou Prevail Opt performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Hangzhou Prevail Optoelectronic has poor reverse predictability. Overlapping area represents the amount of predictability between Hangzhou Prevail time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Hangzhou Prevail Opt price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Hangzhou Prevail price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Hangzhou Prevail Opt lagged returns against current returns
Autocorrelation, which is Hangzhou Prevail 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 Hangzhou Prevail's stock expected returns. We can calculate the autocorrelation of Hangzhou Prevail returns to help us make a trade decision. For example, suppose you find that Hangzhou Prevail 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 |
Hangzhou Prevail 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 Hangzhou Prevail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Prevail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Prevail stock over time.
Current vs Lagged Prices |
| Timeline |
Hangzhou Prevail Lagged Returns
When evaluating Hangzhou Prevail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Prevail stock have on its future price. Hangzhou Prevail 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, Hangzhou Prevail autocorrelation shows the relationship between Hangzhou Prevail stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Prevail Optoelectronic.
Regressed Prices |
| Timeline |
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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 Hangzhou Stock
Hangzhou Prevail financial ratios help investors to determine whether Hangzhou 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 Hangzhou with respect to the benefits of owning Hangzhou Prevail security.