Wankai New's market value is the price at which a share of Wankai New trades on a public exchange. It measures the collective expectations of Wankai New Materials investors about its performance. Wankai New is trading at 9.74 as of the 8th of January 2025, a 1.32% down since the beginning of the trading day. The stock's open price was 9.87. With this module, you can estimate the performance of a buy and hold strategy of Wankai New Materials and determine expected loss or profit from investing in Wankai New over a given investment horizon. Check out Wankai New Correlation, Wankai New Volatility and Wankai New Alpha and Beta module to complement your research on Wankai New.
Please note, there is a significant difference between Wankai New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wankai New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wankai New'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.
Wankai New '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 Wankai New'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 Wankai New.
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12/09/2024
No Change 0.00
0.0
In 31 days
01/08/2025
0.00
If you would invest 0.00 in Wankai New on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Wankai New Materials or generate 0.0% return on investment in Wankai New over 30 days. Wankai New is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Wankai New is entity of China. It is traded as Stock on SHE exchange. More
Wankai New 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 Wankai New'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 Wankai New Materials 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 Wankai New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wankai New's standard deviation. In reality, there are many statistical measures that can use Wankai New historical prices to predict the future Wankai New's volatility.
Wankai New Materials shows Sharpe Ratio of -0.11, which attests that the company had a -0.11% return per unit of risk over the last 3 months. Wankai New Materials exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wankai New's Market Risk Adjusted Performance of 0.1097, mean deviation of 1.82, and Standard Deviation of 2.88 to validate the risk estimate we provide. The firm maintains a market beta of -0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wankai New are expected to decrease at a much lower rate. During the bear market, Wankai New is likely to outperform the market. At this point, Wankai New Materials has a negative expected return of -0.19%. Please make sure to check out Wankai New's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Wankai New Materials performance from the past will be repeated at some point in the near future.
Auto-correlation
0.92
Excellent predictability
Wankai New Materials has excellent predictability. Overlapping area represents the amount of predictability between Wankai New time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Wankai New Materials price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Wankai New price fluctuation can be explain by its past prices.
Correlation Coefficient
0.92
Spearman Rank Test
0.86
Residual Average
0.0
Price Variance
0.07
Wankai New Materials lagged returns against current returns
Autocorrelation, which is Wankai New 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 Wankai New's stock expected returns. We can calculate the autocorrelation of Wankai New returns to help us make a trade decision. For example, suppose you find that Wankai New 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
Wankai New 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 Wankai New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wankai New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wankai New stock over time.
Current vs Lagged Prices
Timeline
Wankai New Lagged Returns
When evaluating Wankai New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wankai New stock have on its future price. Wankai New 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, Wankai New autocorrelation shows the relationship between Wankai New stock current value and its past values and can show if there is a momentum factor associated with investing in Wankai New Materials.
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.
Wankai New financial ratios help investors to determine whether Wankai 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 Wankai with respect to the benefits of owning Wankai New security.