Henan Provincial's market value is the price at which a share of Henan Provincial trades on a public exchange. It measures the collective expectations of Henan Provincial Communications investors about its performance. Henan Provincial is trading at 6.45 as of the 7th of January 2025, a 2.38% up since the beginning of the trading day. The stock's open price was 6.3. With this module, you can estimate the performance of a buy and hold strategy of Henan Provincial Communications and determine expected loss or profit from investing in Henan Provincial over a given investment horizon. Check out Henan Provincial Correlation, Henan Provincial Volatility and Henan Provincial Alpha and Beta module to complement your research on Henan Provincial.
Please note, there is a significant difference between Henan Provincial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Henan Provincial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Henan Provincial'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.
Henan Provincial '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 Henan Provincial'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 Henan Provincial.
0.00
04/12/2024
No Change 0.00
0.0
In 8 months and 28 days
01/07/2025
0.00
If you would invest 0.00 in Henan Provincial on April 12, 2024 and sell it all today you would earn a total of 0.00 from holding Henan Provincial Communications or generate 0.0% return on investment in Henan Provincial over 270 days. Henan Provincial is related to or competes with Winner Medical, Zhongfu Information, Allmed Medical, Dawning Information, CITIC Guoan, Talkweb Information, and Invengo Information. Henan Provincial is entity of China. It is traded as Stock on SHE exchange. More
Henan Provincial 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 Henan Provincial'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 Henan Provincial Communications 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 Henan Provincial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Henan Provincial's standard deviation. In reality, there are many statistical measures that can use Henan Provincial historical prices to predict the future Henan Provincial's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Henan Provincial. Your research has to be compared to or analyzed against Henan Provincial's peers to derive any actionable benefits. When done correctly, Henan Provincial's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Henan Provincial Com.
Henan Provincial Com Backtested Returns
Henan Provincial Com holds Efficiency (Sharpe) Ratio of -0.0765, which attests that the entity had a -0.0765% return per unit of risk over the last 3 months. Henan Provincial Com exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Henan Provincial's Market Risk Adjusted Performance of (0.29), risk adjusted performance of (0.02), and Standard Deviation of 4.12 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Henan Provincial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Henan Provincial is expected to be smaller as well. At this point, Henan Provincial Com has a negative expected return of -0.23%. Please make sure to check out Henan Provincial's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Henan Provincial Com performance from the past will be repeated at some point in the near future.
Auto-correlation
0.33
Below average predictability
Henan Provincial Communications has below average predictability. Overlapping area represents the amount of predictability between Henan Provincial time series from 12th of April 2024 to 25th of August 2024 and 25th of August 2024 to 7th 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 Henan Provincial Com price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Henan Provincial price fluctuation can be explain by its past prices.
Correlation Coefficient
0.33
Spearman Rank Test
0.03
Residual Average
0.0
Price Variance
0.51
Henan Provincial Com lagged returns against current returns
Autocorrelation, which is Henan Provincial 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 Henan Provincial's stock expected returns. We can calculate the autocorrelation of Henan Provincial returns to help us make a trade decision. For example, suppose you find that Henan Provincial 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
Henan Provincial 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 Henan Provincial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Henan Provincial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Henan Provincial stock over time.
Current vs Lagged Prices
Timeline
Henan Provincial Lagged Returns
When evaluating Henan Provincial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Henan Provincial stock have on its future price. Henan Provincial 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, Henan Provincial autocorrelation shows the relationship between Henan Provincial stock current value and its past values and can show if there is a momentum factor associated with investing in Henan Provincial Communications.
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.
Henan Provincial financial ratios help investors to determine whether Henan 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 Henan with respect to the benefits of owning Henan Provincial security.