Hengli Petrochemical (China) Market Value
| 600346 Stock | 15.34 0.12 0.79% |
| Symbol | Hengli |
Hengli Petrochemical '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 Hengli Petrochemical'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 Hengli Petrochemical.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Hengli Petrochemical on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Hengli Petrochemical Co or generate 0.0% return on investment in Hengli Petrochemical over 720 days. Hengli Petrochemical is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Hengli Petrochemical is entity of China. It is traded as Stock on SHG exchange. More
Hengli Petrochemical 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 Hengli Petrochemical'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 Hengli Petrochemical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.1281 | |||
| Maximum Drawdown | 16.6 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 4.87 |
Hengli Petrochemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hengli Petrochemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hengli Petrochemical's standard deviation. In reality, there are many statistical measures that can use Hengli Petrochemical historical prices to predict the future Hengli Petrochemical's volatility.| Risk Adjusted Performance | 0.118 | |||
| Jensen Alpha | 0.3327 | |||
| Total Risk Alpha | 0.2735 | |||
| Sortino Ratio | 0.1582 | |||
| Treynor Ratio | (17.22) |
Hengli Petrochemical Backtested Returns
Hengli Petrochemical appears to be somewhat reliable, given 3 months investment horizon. Hengli Petrochemical holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hengli Petrochemical, which you can use to evaluate the volatility of the firm. Please utilize Hengli Petrochemical's Risk Adjusted Performance of 0.118, market risk adjusted performance of (17.21), and Downside Deviation of 1.98 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hengli Petrochemical holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -0.0193, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hengli Petrochemical are expected to decrease at a much lower rate. During the bear market, Hengli Petrochemical is likely to outperform the market. Please check Hengli Petrochemical's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hengli Petrochemical's current trending patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Hengli Petrochemical Co has good reverse predictability. Overlapping area represents the amount of predictability between Hengli Petrochemical time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Hengli Petrochemical price movement. The serial correlation of -0.51 indicates that about 51.0% of current Hengli Petrochemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
Hengli Petrochemical lagged returns against current returns
Autocorrelation, which is Hengli Petrochemical 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 Hengli Petrochemical's stock expected returns. We can calculate the autocorrelation of Hengli Petrochemical returns to help us make a trade decision. For example, suppose you find that Hengli Petrochemical 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 |
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Hengli Petrochemical 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 Hengli Petrochemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hengli Petrochemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hengli Petrochemical stock over time.
Current vs Lagged Prices |
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Hengli Petrochemical Lagged Returns
When evaluating Hengli Petrochemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hengli Petrochemical stock have on its future price. Hengli Petrochemical 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, Hengli Petrochemical autocorrelation shows the relationship between Hengli Petrochemical stock current value and its past values and can show if there is a momentum factor associated with investing in Hengli Petrochemical Co.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Hengli Stock
Hengli Petrochemical financial ratios help investors to determine whether Hengli 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 Hengli with respect to the benefits of owning Hengli Petrochemical security.