Wenzhou Kangning (Germany) Market Value
| 4WK Stock | 1.36 0.17 11.11% |
| Symbol | Wenzhou |
Wenzhou Kangning '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 Wenzhou Kangning'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 Wenzhou Kangning.
| 03/03/2023 |
| 01/21/2025 |
If you would invest 0.00 in Wenzhou Kangning on March 3, 2023 and sell it all today you would earn a total of 0.00 from holding Wenzhou Kangning Hospital or generate 0.0% return on investment in Wenzhou Kangning over 690 days. Wenzhou Kangning is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
Wenzhou Kangning 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 Wenzhou Kangning'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 Wenzhou Kangning Hospital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.68 |
Wenzhou Kangning Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wenzhou Kangning's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wenzhou Kangning's standard deviation. In reality, there are many statistical measures that can use Wenzhou Kangning historical prices to predict the future Wenzhou Kangning's volatility.| Risk Adjusted Performance | 0.0094 | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.0149 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wenzhou Kangning's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Wenzhou Kangning Hospital Backtested Returns
Wenzhou Kangning Hospital shows Sharpe Ratio of -0.13, which attests that the company had a -0.13 % return per unit of risk over the last 3 months. Wenzhou Kangning Hospital exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wenzhou Kangning's Market Risk Adjusted Performance of 0.0249, standard deviation of 2.0, and Mean Deviation of 0.3536 to validate the risk estimate we provide. The firm maintains a market beta of -0.0938, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wenzhou Kangning are expected to decrease at a much lower rate. During the bear market, Wenzhou Kangning is likely to outperform the market. At this point, Wenzhou Kangning Hospital has a negative expected return of -0.19%. Please make sure to check out Wenzhou Kangning's rate of daily change, price action indicator, as well as the relationship between the skewness and information ratio , to decide if Wenzhou Kangning Hospital performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Wenzhou Kangning Hospital has good predictability. Overlapping area represents the amount of predictability between Wenzhou Kangning time series from 3rd of March 2023 to 11th of February 2024 and 11th of February 2024 to 21st 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 Wenzhou Kangning Hospital price movement. The serial correlation of 0.69 indicates that around 69.0% of current Wenzhou Kangning price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Wenzhou Kangning Hospital lagged returns against current returns
Autocorrelation, which is Wenzhou Kangning 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 Wenzhou Kangning's stock expected returns. We can calculate the autocorrelation of Wenzhou Kangning returns to help us make a trade decision. For example, suppose you find that Wenzhou Kangning 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 |
Wenzhou Kangning 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 Wenzhou Kangning stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wenzhou Kangning stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wenzhou Kangning stock over time.
Current vs Lagged Prices |
| Timeline |
Wenzhou Kangning Lagged Returns
When evaluating Wenzhou Kangning's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wenzhou Kangning stock have on its future price. Wenzhou Kangning 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, Wenzhou Kangning autocorrelation shows the relationship between Wenzhou Kangning stock current value and its past values and can show if there is a momentum factor associated with investing in Wenzhou Kangning Hospital.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Wenzhou Stock Analysis
When running Wenzhou Kangning's price analysis, check to measure Wenzhou Kangning's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wenzhou Kangning is operating at the current time. Most of Wenzhou Kangning's value examination focuses on studying past and present price action to predict the probability of Wenzhou Kangning's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wenzhou Kangning's price. Additionally, you may evaluate how the addition of Wenzhou Kangning to your portfolios can decrease your overall portfolio volatility.