Zhejiang Longsheng (China) Market Value
| 600352 Stock | 10.56 0.11 1.03% |
| Symbol | Zhejiang |
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.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Zhejiang Longsheng on December 29, 2022 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 720 days. Zhejiang Longsheng is related to or competes with Zhejiang Yayi, Hefei Metalforming, Northking Information, Anhui Transport, Shanghai Yanpu, Datang HuaYin, and Aluminum Corp. 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.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.0967 | |||
| Maximum Drawdown | 12.01 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.92 |
Zhejiang Longsheng Market Risk Indicators
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.| Risk Adjusted Performance | 0.1051 | |||
| Jensen Alpha | 0.242 | |||
| Total Risk Alpha | 0.0862 | |||
| Sortino Ratio | 0.1128 | |||
| Treynor Ratio | (0.56) |
Zhejiang Longsheng Backtested Returns
Zhejiang Longsheng appears to be not too volatile, given 3 months investment horizon. Zhejiang Longsheng shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhejiang Longsheng, which you can use to evaluate the volatility of the company. Please utilize Zhejiang Longsheng's Mean Deviation of 1.19, market risk adjusted performance of (0.55), and Downside Deviation of 1.43 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Longsheng holds a performance score of 12. The firm maintains a market beta of -0.39, which attests to possible diversification benefits within a given portfolio. 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. Please check Zhejiang Longsheng's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Zhejiang Longsheng's historical returns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Zhejiang Longsheng Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Longsheng time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Zhejiang Longsheng price movement. The serial correlation of -0.72 indicates that around 72.0% of current Zhejiang Longsheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhejiang Stock
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.