Keda Clean (China) Market Value
| 600499 Stock | 8.43 0.05 0.60% |
| Symbol | Keda |
Keda Clean '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 Keda Clean'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 Keda Clean.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Keda Clean on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Keda Clean Energy or generate 0.0% return on investment in Keda Clean over 30 days. Keda Clean is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. Keda Clean is entity of China. It is traded as Stock on SHG exchange. More
Keda Clean 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 Keda Clean'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 Keda Clean Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.1032 | |||
| Maximum Drawdown | 17.09 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 4.41 |
Keda Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Keda Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Keda Clean's standard deviation. In reality, there are many statistical measures that can use Keda Clean historical prices to predict the future Keda Clean's volatility.| Risk Adjusted Performance | 0.1196 | |||
| Jensen Alpha | 0.4966 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1124 | |||
| Treynor Ratio | (0.58) |
Keda Clean Energy Backtested Returns
Keda Clean appears to be slightly risky, given 3 months investment horizon. Keda Clean Energy has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Keda Clean, which you can use to evaluate the volatility of the firm. Please exercise Keda Clean's Risk Adjusted Performance of 0.1196, downside deviation of 2.66, and Mean Deviation of 2.21 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Keda Clean holds a performance score of 9. The company secures a Beta (Market Risk) of -0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Keda Clean are expected to decrease at a much lower rate. During the bear market, Keda Clean is likely to outperform the market. Please check Keda Clean's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Keda Clean's current price movements will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Keda Clean Energy has poor reverse predictability. Overlapping area represents the amount of predictability between Keda Clean time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Keda Clean Energy price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Keda Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Keda Clean Energy lagged returns against current returns
Autocorrelation, which is Keda Clean 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 Keda Clean's stock expected returns. We can calculate the autocorrelation of Keda Clean returns to help us make a trade decision. For example, suppose you find that Keda Clean 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 |
Keda Clean 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 Keda Clean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Keda Clean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Keda Clean stock over time.
Current vs Lagged Prices |
| Timeline |
Keda Clean Lagged Returns
When evaluating Keda Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Keda Clean stock have on its future price. Keda Clean 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, Keda Clean autocorrelation shows the relationship between Keda Clean stock current value and its past values and can show if there is a momentum factor associated with investing in Keda Clean Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Keda Stock
Keda Clean financial ratios help investors to determine whether Keda 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 Keda with respect to the benefits of owning Keda Clean security.