Huaxia Fund (China) Market Value
| 508077 Stock | 2.57 0.02 0.77% |
| Symbol | Huaxia |
Please note, there is a significant difference between Huaxia Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if Huaxia Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Huaxia Fund'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.
Huaxia Fund '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 Huaxia Fund'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 Huaxia Fund.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Huaxia Fund on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Huaxia Fund Management or generate 0.0% return on investment in Huaxia Fund over 30 days. Huaxia Fund is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, PetroChina, China Construction, and Bank of China. Huaxia Fund is entity of China. It is traded as Stock on SHG exchange. More
Huaxia Fund 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 Huaxia Fund'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 Huaxia Fund Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.4 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.56 |
Huaxia Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huaxia Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huaxia Fund's standard deviation. In reality, there are many statistical measures that can use Huaxia Fund historical prices to predict the future Huaxia Fund's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.17) |
Huaxia Fund Management Backtested Returns
Huaxia Fund Management holds Efficiency (Sharpe) Ratio of -0.0841, which attests that the entity had a -0.0841% return per unit of standard deviation over the last 3 months. Huaxia Fund Management exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Huaxia Fund's market risk adjusted performance of (0.16), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Huaxia Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Huaxia Fund is expected to be smaller as well. At this point, Huaxia Fund Management has a negative expected return of -0.0736%. Please make sure to check out Huaxia Fund's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Huaxia Fund Management performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Huaxia Fund Management has virtually no predictability. Overlapping area represents the amount of predictability between Huaxia Fund time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Huaxia Fund Management price movement. The serial correlation of 0.01 indicates that just 1.0% of current Huaxia Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Huaxia Fund Management lagged returns against current returns
Autocorrelation, which is Huaxia Fund 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 Huaxia Fund's stock expected returns. We can calculate the autocorrelation of Huaxia Fund returns to help us make a trade decision. For example, suppose you find that Huaxia Fund 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 |
Huaxia Fund 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 Huaxia Fund stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huaxia Fund stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huaxia Fund stock over time.
Current vs Lagged Prices |
| Timeline |
Huaxia Fund Lagged Returns
When evaluating Huaxia Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huaxia Fund stock have on its future price. Huaxia Fund 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, Huaxia Fund autocorrelation shows the relationship between Huaxia Fund stock current value and its past values and can show if there is a momentum factor associated with investing in Huaxia Fund Management.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Huaxia Stock
Huaxia Fund financial ratios help investors to determine whether Huaxia 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 Huaxia with respect to the benefits of owning Huaxia Fund security.