Wintime Energy (China) Market Value
| 600157 Stock | 1.83 0.01 0.55% |
| Symbol | Wintime |
Wintime Energy '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 Wintime Energy'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 Wintime Energy.
| 11/29/2024 |
| 12/29/2024 |
If you would invest 0.00 in Wintime Energy on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Wintime Energy Co or generate 0.0% return on investment in Wintime Energy over 30 days. Wintime Energy is related to or competes with Zhejiang Kingland, Elite Color, Shanghai Construction, Keeson Technology, Humanwell Healthcare, Shenzhen Clou, and China Construction. Wintime Energy is entity of China. It is traded as Stock on SHG exchange. More
Wintime Energy 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 Wintime Energy'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 Wintime Energy Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.61 | |||
| Information Ratio | 0.2089 | |||
| Maximum Drawdown | 19.43 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 9.94 |
Wintime Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wintime Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wintime Energy's standard deviation. In reality, there are many statistical measures that can use Wintime Energy historical prices to predict the future Wintime Energy's volatility.| Risk Adjusted Performance | 0.1807 | |||
| Jensen Alpha | 0.9341 | |||
| Total Risk Alpha | 0.7891 | |||
| Sortino Ratio | 0.2448 | |||
| Treynor Ratio | (0.74) |
Wintime Energy Backtested Returns
Wintime Energy appears to be dangerous, given 3 months investment horizon. Wintime Energy shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. By examining Wintime Energy's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please utilize Wintime Energy's Market Risk Adjusted Performance of (0.73), mean deviation of 3.12, and Downside Deviation of 3.61 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wintime Energy holds a performance score of 11. The firm maintains a market beta of -1.22, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Wintime Energy are expected to decrease by larger amounts. On the other hand, during market turmoil, Wintime Energy is expected to outperform it. Please check Wintime Energy'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 Wintime Energy's historical returns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
Wintime Energy Co has good reverse predictability. Overlapping area represents the amount of predictability between Wintime Energy time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th 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 Wintime Energy price movement. The serial correlation of -0.55 indicates that about 55.0% of current Wintime Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wintime Energy lagged returns against current returns
Autocorrelation, which is Wintime Energy 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 Wintime Energy's stock expected returns. We can calculate the autocorrelation of Wintime Energy returns to help us make a trade decision. For example, suppose you find that Wintime Energy 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 |
Wintime Energy 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 Wintime Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wintime Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wintime Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Wintime Energy Lagged Returns
When evaluating Wintime Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wintime Energy stock have on its future price. Wintime Energy 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, Wintime Energy autocorrelation shows the relationship between Wintime Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Wintime Energy Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Wintime Stock
Wintime Energy financial ratios help investors to determine whether Wintime 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 Wintime with respect to the benefits of owning Wintime Energy security.