Zhongzhu Medical (China) Market Value
| 600568 Stock | 1.57 0.01 0.64% |
| Symbol | Zhongzhu |
Zhongzhu Medical '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 Zhongzhu Medical'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 Zhongzhu Medical.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Zhongzhu Medical on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Zhongzhu Medical Holdings or generate 0.0% return on investment in Zhongzhu Medical over 720 days. Zhongzhu Medical is related to or competes with Zhongtong Guomai, Changchun Faway, Changchun, Saurer Intelligent, Linewell Software, Eastern Communications, and HanS Laser. Zhongzhu Medical is entity of China. It is traded as Stock on SHG exchange. More
Zhongzhu Medical 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 Zhongzhu Medical'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 Zhongzhu Medical Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0836 | |||
| Maximum Drawdown | 9.45 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 4.58 |
Zhongzhu Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongzhu Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongzhu Medical's standard deviation. In reality, there are many statistical measures that can use Zhongzhu Medical historical prices to predict the future Zhongzhu Medical's volatility.| Risk Adjusted Performance | 0.1011 | |||
| Jensen Alpha | 0.3007 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0792 | |||
| Treynor Ratio | 6.39 |
Zhongzhu Medical Holdings Backtested Returns
Zhongzhu Medical appears to be very risky, given 3 months investment horizon. Zhongzhu Medical Holdings shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhongzhu Medical Holdings, which you can use to evaluate the volatility of the company. Please utilize Zhongzhu Medical's Mean Deviation of 1.97, market risk adjusted performance of 6.4, and Downside Deviation of 2.57 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhongzhu Medical holds a performance score of 15. The firm maintains a market beta of 0.0478, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhongzhu Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhongzhu Medical is expected to be smaller as well. Please check Zhongzhu Medical's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Zhongzhu Medical's historical returns will revert.
Auto-correlation | 0.47 |
Average predictability
Zhongzhu Medical Holdings has average predictability. Overlapping area represents the amount of predictability between Zhongzhu Medical time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Zhongzhu Medical Holdings price movement. The serial correlation of 0.47 indicates that about 47.0% of current Zhongzhu Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Zhongzhu Medical Holdings lagged returns against current returns
Autocorrelation, which is Zhongzhu Medical 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 Zhongzhu Medical's stock expected returns. We can calculate the autocorrelation of Zhongzhu Medical returns to help us make a trade decision. For example, suppose you find that Zhongzhu Medical 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 |
Zhongzhu Medical 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 Zhongzhu Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongzhu Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongzhu Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Zhongzhu Medical Lagged Returns
When evaluating Zhongzhu Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongzhu Medical stock have on its future price. Zhongzhu Medical 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, Zhongzhu Medical autocorrelation shows the relationship between Zhongzhu Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongzhu Medical Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhongzhu Stock
Zhongzhu Medical financial ratios help investors to determine whether Zhongzhu 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 Zhongzhu with respect to the benefits of owning Zhongzhu Medical security.