Zhejiang Longsheng's market value is the price at which a share of Zhejiang Longsheng trades on a public exchange. It measures the collective expectations of Zhejiang Longsheng Group investors about its performance. Zhejiang Longsheng is trading at 9.59 as of the 18th of January 2025, a 0.63 percent increase since the beginning of the trading day. The stock's open price was 9.53. With this module, you can estimate the performance of a buy and hold strategy of Zhejiang Longsheng Group and determine expected loss or profit from investing in Zhejiang Longsheng over a given investment horizon. Check out Zhejiang Longsheng Correlation, Zhejiang Longsheng Volatility and Zhejiang Longsheng Alpha and Beta module to complement your research on Zhejiang Longsheng.
Please note, there is a significant difference between Zhejiang Longsheng's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhejiang Longsheng is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhejiang Longsheng'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.
Zhejiang Longsheng '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 Zhejiang Longsheng'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 Zhejiang Longsheng.
0.00
07/22/2024
No Change 0.00
0.0
In 5 months and 30 days
01/18/2025
0.00
If you would invest 0.00 in Zhejiang Longsheng on July 22, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Longsheng Group or generate 0.0% return on investment in Zhejiang Longsheng over 180 days. Zhejiang Longsheng is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Zhejiang Longsheng is entity of China. It is traded as Stock on SHG exchange. More
Zhejiang Longsheng 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 Zhejiang Longsheng'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 Zhejiang Longsheng Group upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Longsheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Longsheng's standard deviation. In reality, there are many statistical measures that can use Zhejiang Longsheng historical prices to predict the future Zhejiang Longsheng's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zhejiang Longsheng. Your research has to be compared to or analyzed against Zhejiang Longsheng's peers to derive any actionable benefits. When done correctly, Zhejiang Longsheng's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zhejiang Longsheng.
Zhejiang Longsheng Backtested Returns
Zhejiang Longsheng shows Sharpe Ratio of -0.0181, which attests that the company had a -0.0181% return per unit of risk over the last 3 months. Zhejiang Longsheng exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhejiang Longsheng's Market Risk Adjusted Performance of 0.3462, standard deviation of 1.26, and Mean Deviation of 0.9454 to validate the risk estimate we provide. The firm maintains a market beta of -0.0949, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zhejiang Longsheng are expected to decrease at a much lower rate. During the bear market, Zhejiang Longsheng is likely to outperform the market. At this point, Zhejiang Longsheng has a negative expected return of -0.0228%. Please make sure to check out Zhejiang Longsheng's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Zhejiang Longsheng performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.08
Very weak reverse predictability
Zhejiang Longsheng Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Longsheng time series from 22nd of July 2024 to 20th of October 2024 and 20th of October 2024 to 18th 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 Zhejiang Longsheng price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Zhejiang Longsheng price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.08
Spearman Rank Test
0.38
Residual Average
0.0
Price Variance
0.09
Zhejiang Longsheng lagged returns against current returns
Autocorrelation, which is Zhejiang Longsheng 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 Zhejiang Longsheng's stock expected returns. We can calculate the autocorrelation of Zhejiang Longsheng returns to help us make a trade decision. For example, suppose you find that Zhejiang Longsheng 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
Zhejiang Longsheng 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 Zhejiang Longsheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Longsheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Longsheng stock over time.
Current vs Lagged Prices
Timeline
Zhejiang Longsheng Lagged Returns
When evaluating Zhejiang Longsheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Longsheng stock have on its future price. Zhejiang Longsheng 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, Zhejiang Longsheng autocorrelation shows the relationship between Zhejiang Longsheng stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Longsheng Group.
Zhejiang Longsheng financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Longsheng security.