Rongcheer Industrial (China) Market Value
| 301360 Stock | 60.05 2.10 3.62% |
| Symbol | Rongcheer |
Rongcheer Industrial '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 Rongcheer Industrial'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 Rongcheer Industrial.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Rongcheer Industrial on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Rongcheer Industrial Technology or generate 0.0% return on investment in Rongcheer Industrial over 30 days. Rongcheer Industrial is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Rongcheer Industrial is entity of China. It is traded as Stock on SHE exchange. More
Rongcheer Industrial 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 Rongcheer Industrial'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 Rongcheer Industrial Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.78 | |||
| Information Ratio | 0.1011 | |||
| Maximum Drawdown | 32.88 | |||
| Value At Risk | (5.29) | |||
| Potential Upside | 5.39 |
Rongcheer Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rongcheer Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rongcheer Industrial's standard deviation. In reality, there are many statistical measures that can use Rongcheer Industrial historical prices to predict the future Rongcheer Industrial's volatility.| Risk Adjusted Performance | 0.0973 | |||
| Jensen Alpha | 0.5847 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0983 | |||
| Treynor Ratio | (2.07) |
Rongcheer Industrial Backtested Returns
Rongcheer Industrial appears to be not too volatile, given 3 months investment horizon. Rongcheer Industrial maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Rongcheer Industrial's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please evaluate Rongcheer Industrial's Risk Adjusted Performance of 0.0973, semi deviation of 4.37, and Coefficient Of Variation of 815.63 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rongcheer Industrial holds a performance score of 11. The company holds a Beta of -0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rongcheer Industrial are expected to decrease at a much lower rate. During the bear market, Rongcheer Industrial is likely to outperform the market. Please check Rongcheer Industrial's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Rongcheer Industrial's historical price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Rongcheer Industrial Technology has insignificant reverse predictability. Overlapping area represents the amount of predictability between Rongcheer Industrial time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Rongcheer Industrial price movement. The serial correlation of -0.19 indicates that over 19.0% of current Rongcheer Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.88 |
Rongcheer Industrial lagged returns against current returns
Autocorrelation, which is Rongcheer Industrial 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 Rongcheer Industrial's stock expected returns. We can calculate the autocorrelation of Rongcheer Industrial returns to help us make a trade decision. For example, suppose you find that Rongcheer Industrial 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 |
Rongcheer Industrial 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 Rongcheer Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rongcheer Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rongcheer Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Rongcheer Industrial Lagged Returns
When evaluating Rongcheer Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rongcheer Industrial stock have on its future price. Rongcheer Industrial 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, Rongcheer Industrial autocorrelation shows the relationship between Rongcheer Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Rongcheer Industrial Technology.
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 Rongcheer Stock
Rongcheer Industrial financial ratios help investors to determine whether Rongcheer 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 Rongcheer with respect to the benefits of owning Rongcheer Industrial security.