Fangda Special (China) Market Value
600507 Stock | 4.06 0.02 0.49% |
Symbol | Fangda |
Fangda Special '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 Fangda Special'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 Fangda Special.
10/26/2024 |
| 01/24/2025 |
If you would invest 0.00 in Fangda Special on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Fangda Special Steel or generate 0.0% return on investment in Fangda Special over 90 days. Fangda Special is related to or competes with Weihai Honglin, Beijing Yanjing, Fuzhou Rockchip, Zhonghang Electronic, Aurora Optoelectronics, Easyhome New, and Sportsoul. Fangda Special is entity of China. It is traded as Stock on SHG exchange. More
Fangda Special 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 Fangda Special'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 Fangda Special Steel upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.04) | |||
Maximum Drawdown | 12.96 | |||
Value At Risk | (2.59) | |||
Potential Upside | 2.9 |
Fangda Special Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fangda Special's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fangda Special's standard deviation. In reality, there are many statistical measures that can use Fangda Special historical prices to predict the future Fangda Special's volatility.Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.14) | |||
Treynor Ratio | 0.1381 |
Fangda Special Steel Backtested Returns
Fangda Special Steel secures Sharpe Ratio (or Efficiency) of -0.0646, which denotes the company had a -0.0646 % return per unit of risk over the last 3 months. Fangda Special Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fangda Special's Mean Deviation of 1.3, variance of 4.23, and Standard Deviation of 2.06 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Fangda Special are expected to decrease at a much lower rate. During the bear market, Fangda Special is likely to outperform the market. At this point, Fangda Special Steel has a negative expected return of -0.13%. Please make sure to confirm Fangda Special's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Fangda Special Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Fangda Special Steel has good predictability. Overlapping area represents the amount of predictability between Fangda Special time series from 26th of October 2024 to 10th of December 2024 and 10th of December 2024 to 24th 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 Fangda Special Steel price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Fangda Special price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.65 | |
Spearman Rank Test | 0.24 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
Fangda Special Steel lagged returns against current returns
Autocorrelation, which is Fangda Special 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 Fangda Special's stock expected returns. We can calculate the autocorrelation of Fangda Special returns to help us make a trade decision. For example, suppose you find that Fangda Special 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 |
Fangda Special 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 Fangda Special stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fangda Special stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fangda Special stock over time.
Current vs Lagged Prices |
Timeline |
Fangda Special Lagged Returns
When evaluating Fangda Special's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fangda Special stock have on its future price. Fangda Special 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, Fangda Special autocorrelation shows the relationship between Fangda Special stock current value and its past values and can show if there is a momentum factor associated with investing in Fangda Special Steel.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Fangda Stock
Fangda Special financial ratios help investors to determine whether Fangda 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 Fangda with respect to the benefits of owning Fangda Special security.