Pengxin International (China) Market Value
| 600490 Stock | 3.23 0.12 3.58% |
| Symbol | Pengxin |
Pengxin International '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 Pengxin International'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 Pengxin International.
| 09/02/2024 |
| 03/01/2025 |
If you would invest 0.00 in Pengxin International on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Pengxin International Mining or generate 0.0% return on investment in Pengxin International over 180 days. Pengxin International is related to or competes with Zoje Resources, Huawen Media, Luyin Investment, Guangdong Advertising, Xiamen Insight, and Winner Medical Co. Pengxin International is entity of China More
Pengxin International 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 Pengxin International'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 Pengxin International Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.0318 | |||
| Maximum Drawdown | 18.25 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 9.87 |
Pengxin International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pengxin International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pengxin International's standard deviation. In reality, there are many statistical measures that can use Pengxin International historical prices to predict the future Pengxin International's volatility.| Risk Adjusted Performance | 0.0291 | |||
| Jensen Alpha | 0.1203 | |||
| Total Risk Alpha | 0.2231 | |||
| Sortino Ratio | 0.0406 | |||
| Treynor Ratio | 0.1219 |
Pengxin International Backtested Returns
At this point, Pengxin International is unstable. Pengxin International maintains Sharpe Ratio (i.e., Efficiency) of 0.013, which implies the firm had a 0.013 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Pengxin International, which you can use to evaluate the volatility of the company. Please check Pengxin International's Coefficient Of Variation of 3510.63, risk adjusted performance of 0.0291, and Semi Deviation of 2.84 to confirm if the risk estimate we provide is consistent with the expected return of 0.0504%. Pengxin International has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.83, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pengxin International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pengxin International is expected to be smaller as well. Pengxin International right now holds a risk of 3.86%. Please check Pengxin International information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Pengxin International will be following its historical price patterns.
Auto-correlation | 0.07 |
Virtually no predictability
Pengxin International Mining has virtually no predictability. Overlapping area represents the amount of predictability between Pengxin International time series from 2nd of September 2024 to 1st of December 2024 and 1st of December 2024 to 1st 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 Pengxin International price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Pengxin International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Pengxin International lagged returns against current returns
Autocorrelation, which is Pengxin International 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 Pengxin International's stock expected returns. We can calculate the autocorrelation of Pengxin International returns to help us make a trade decision. For example, suppose you find that Pengxin International 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 |
Pengxin International 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 Pengxin International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pengxin International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pengxin International stock over time.
Current vs Lagged Prices |
| Timeline |
Pengxin International Lagged Returns
When evaluating Pengxin International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pengxin International stock have on its future price. Pengxin International 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, Pengxin International autocorrelation shows the relationship between Pengxin International stock current value and its past values and can show if there is a momentum factor associated with investing in Pengxin International Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Pengxin Stock
Pengxin International financial ratios help investors to determine whether Pengxin 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 Pengxin with respect to the benefits of owning Pengxin International security.