Dongnan Electronics (China) Market Value
| 301359 Stock | 25.99 0.93 3.71% |
| Symbol | Dongnan |
Dongnan Electronics '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 Dongnan Electronics' 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 Dongnan Electronics.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Dongnan Electronics on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Dongnan Electronics Co or generate 0.0% return on investment in Dongnan Electronics over 30 days. Dongnan Electronics is related to or competes with PKU HealthCare, Heren Health, Hainan Mining, Humanwell Healthcare, Uroica Mining, Anhui Huaren, and Shanghai Yanpu. Dongnan Electronics is entity of China. It is traded as Stock on SHE exchange. More
Dongnan Electronics 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 Dongnan Electronics' 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 Dongnan Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.16 | |||
| Information Ratio | 0.1122 | |||
| Maximum Drawdown | 28.12 | |||
| Value At Risk | (5.28) | |||
| Potential Upside | 4.34 |
Dongnan Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongnan Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongnan Electronics' standard deviation. In reality, there are many statistical measures that can use Dongnan Electronics historical prices to predict the future Dongnan Electronics' volatility.| Risk Adjusted Performance | 0.1131 | |||
| Jensen Alpha | 0.6036 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1215 | |||
| Treynor Ratio | 11.02 |
Dongnan Electronics Backtested Returns
Dongnan Electronics appears to be not too volatile, given 3 months investment horizon. Dongnan Electronics secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. By reviewing Dongnan Electronics' technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Dongnan Electronics' Downside Deviation of 4.16, coefficient of variation of 728.05, and Mean Deviation of 2.73 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dongnan Electronics holds a performance score of 10. The firm shows a Beta (market volatility) of 0.0553, which means not very significant fluctuations relative to the market. As returns on the market increase, Dongnan Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dongnan Electronics is expected to be smaller as well. Please check Dongnan Electronics' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Dongnan Electronics' price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Dongnan Electronics Co has weak reverse predictability. Overlapping area represents the amount of predictability between Dongnan Electronics time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dongnan Electronics price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Dongnan Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Dongnan Electronics lagged returns against current returns
Autocorrelation, which is Dongnan Electronics 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 Dongnan Electronics' stock expected returns. We can calculate the autocorrelation of Dongnan Electronics returns to help us make a trade decision. For example, suppose you find that Dongnan Electronics 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 |
Dongnan Electronics 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 Dongnan Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongnan Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongnan Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Dongnan Electronics Lagged Returns
When evaluating Dongnan Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongnan Electronics stock have on its future price. Dongnan Electronics 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, Dongnan Electronics autocorrelation shows the relationship between Dongnan Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Dongnan Electronics Co.
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 Dongnan Stock
Dongnan Electronics financial ratios help investors to determine whether Dongnan 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 Dongnan with respect to the benefits of owning Dongnan Electronics security.