Henan Provincial (China) Market Value
| 300732 Stock | 6.78 0.14 2.02% |
| Symbol | Henan |
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.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Henan Provincial on December 14, 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 90 days. Henan Provincial is related to or competes with Guangzhou Dongfang, Huatian Hotel, Guangdong TianYiMa, Northking Information, Biwin Storage, Chahua Modern, and Hygon 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.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.28 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 2.68 |
Henan Provincial Market Risk Indicators
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.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | 0.1586 | |||
| Treynor Ratio | (0.89) |
Henan Provincial Com Backtested Returns
Henan Provincial Com holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11 % 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 (0.88), risk adjusted performance of (0.06), and Standard Deviation of 2.31 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.22, which attests to not very significant fluctuations relative to the market. 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 -0.27%. 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 | -0.74 |
Almost perfect reverse predictability
Henan Provincial Communications has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Henan Provincial time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Henan Provincial Com price movement. The serial correlation of -0.74 indicates that around 74.0% of current Henan Provincial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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.Other Information on Investing in Henan Stock
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.