Fiberhome Telecommunicatio (China) Market Value
| 600498 Stock | 17.93 0.25 1.38% |
| Symbol | Fiberhome |
Fiberhome Telecommunicatio '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 Fiberhome Telecommunicatio'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 Fiberhome Telecommunicatio.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Fiberhome Telecommunicatio on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Fiberhome Telecommunication Technologies or generate 0.0% return on investment in Fiberhome Telecommunicatio over 180 days. Fiberhome Telecommunicatio is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, China Merchants, PetroChina, and Industrial Bank. Fiberhome Telecommunicatio is entity of China More
Fiberhome Telecommunicatio 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 Fiberhome Telecommunicatio'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 Fiberhome Telecommunication Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.0869 | |||
| Maximum Drawdown | 16.52 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.93 |
Fiberhome Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fiberhome Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fiberhome Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Fiberhome Telecommunicatio historical prices to predict the future Fiberhome Telecommunicatio's volatility.| Risk Adjusted Performance | 0.1079 | |||
| Jensen Alpha | 0.4127 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0958 | |||
| Treynor Ratio | (0.80) |
Fiberhome Telecommunicatio Backtested Returns
Fiberhome Telecommunicatio appears to be not too volatile, given 3 months investment horizon. Fiberhome Telecommunicatio secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Fiberhome Telecommunication Technologies, which you can use to evaluate the volatility of the firm. Please utilize Fiberhome Telecommunicatio's Semi Deviation of 2.36, downside deviation of 2.56, and Mean Deviation of 2.1 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fiberhome Telecommunicatio holds a performance score of 11. The firm shows a Beta (market volatility) of -0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Fiberhome Telecommunicatio are expected to decrease at a much lower rate. During the bear market, Fiberhome Telecommunicatio is likely to outperform the market. Please check Fiberhome Telecommunicatio's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Fiberhome Telecommunicatio's price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Fiberhome Telecommunication Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between Fiberhome Telecommunicatio time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 Fiberhome Telecommunicatio price movement. The serial correlation of -0.69 indicates that around 69.0% of current Fiberhome Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 4.11 |
Fiberhome Telecommunicatio lagged returns against current returns
Autocorrelation, which is Fiberhome Telecommunicatio 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 Fiberhome Telecommunicatio's stock expected returns. We can calculate the autocorrelation of Fiberhome Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Fiberhome Telecommunicatio 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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Fiberhome Telecommunicatio 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 Fiberhome Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fiberhome Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fiberhome Telecommunicatio stock over time.
Current vs Lagged Prices |
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Fiberhome Telecommunicatio Lagged Returns
When evaluating Fiberhome Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fiberhome Telecommunicatio stock have on its future price. Fiberhome Telecommunicatio 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, Fiberhome Telecommunicatio autocorrelation shows the relationship between Fiberhome Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in Fiberhome Telecommunication Technologies.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Fiberhome Stock
Fiberhome Telecommunicatio financial ratios help investors to determine whether Fiberhome 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 Fiberhome with respect to the benefits of owning Fiberhome Telecommunicatio security.