Dongfeng Automobile (China) Market Value
| 600006 Stock | 7.42 0.10 1.37% |
| Symbol | Dongfeng |
Dongfeng Automobile '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 Dongfeng Automobile'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 Dongfeng Automobile.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Dongfeng Automobile on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Dongfeng Automobile Co or generate 0.0% return on investment in Dongfeng Automobile over 90 days. Dongfeng Automobile is related to or competes with Double Medical, Anhui Deli, Everdisplay Optronics, Chahua Modern, Winner Medical Co, Innovative Medical, and Beijing Balance. Dongfeng Automobile is entity of China. It is traded as Stock on SHG exchange. More
Dongfeng Automobile 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 Dongfeng Automobile'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 Dongfeng Automobile Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.0362 | |||
| Maximum Drawdown | 17.23 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 4.38 |
Dongfeng Automobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongfeng Automobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongfeng Automobile's standard deviation. In reality, there are many statistical measures that can use Dongfeng Automobile historical prices to predict the future Dongfeng Automobile's volatility.| Risk Adjusted Performance | 0.0096 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.3711 | |||
| Sortino Ratio | 0.0417 | |||
| Treynor Ratio | 0.0069 |
Dongfeng Automobile Backtested Returns
Dongfeng Automobile secures Sharpe Ratio (or Efficiency) of -0.0203, which denotes the company had a -0.0203 % return per unit of risk over the last 3 months. Dongfeng Automobile Co exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dongfeng Automobile's Mean Deviation of 2.06, coefficient of variation of 34584.71, and Downside Deviation of 2.58 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dongfeng Automobile are expected to decrease at a much lower rate. During the bear market, Dongfeng Automobile is likely to outperform the market. At this point, Dongfeng Automobile has a negative expected return of -0.0615%. Please make sure to confirm Dongfeng Automobile's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Dongfeng Automobile performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Dongfeng Automobile Co has virtually no predictability. Overlapping area represents the amount of predictability between Dongfeng Automobile time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Dongfeng Automobile price movement. The serial correlation of 0.01 indicates that just 1.0% of current Dongfeng Automobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Dongfeng Automobile lagged returns against current returns
Autocorrelation, which is Dongfeng Automobile 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 Dongfeng Automobile's stock expected returns. We can calculate the autocorrelation of Dongfeng Automobile returns to help us make a trade decision. For example, suppose you find that Dongfeng Automobile 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 |
Dongfeng Automobile 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 Dongfeng Automobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongfeng Automobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongfeng Automobile stock over time.
Current vs Lagged Prices |
| Timeline |
Dongfeng Automobile Lagged Returns
When evaluating Dongfeng Automobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongfeng Automobile stock have on its future price. Dongfeng Automobile 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, Dongfeng Automobile autocorrelation shows the relationship between Dongfeng Automobile stock current value and its past values and can show if there is a momentum factor associated with investing in Dongfeng Automobile Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Dongfeng Stock
Dongfeng Automobile financial ratios help investors to determine whether Dongfeng 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 Dongfeng with respect to the benefits of owning Dongfeng Automobile security.