Heilongjiang Agriculture (China) Market Value
| 600598 Stock | 13.87 0.38 2.67% |
| Symbol | Heilongjiang |
Heilongjiang Agriculture '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 Heilongjiang Agriculture'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 Heilongjiang Agriculture.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Heilongjiang Agriculture on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Heilongjiang Agriculture Co or generate 0.0% return on investment in Heilongjiang Agriculture over 60 days. Heilongjiang Agriculture is related to or competes with BYD Co, China Mobile, Agricultural Bank, Industrial, China State, China Construction, and PetroChina. Heilongjiang Agriculture is entity of China More
Heilongjiang Agriculture 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 Heilongjiang Agriculture'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 Heilongjiang Agriculture Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.0053 | |||
| Maximum Drawdown | 14.2 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 3.7 |
Heilongjiang Agriculture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heilongjiang Agriculture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heilongjiang Agriculture's standard deviation. In reality, there are many statistical measures that can use Heilongjiang Agriculture historical prices to predict the future Heilongjiang Agriculture's volatility.| Risk Adjusted Performance | 0.019 | |||
| Jensen Alpha | 0.0261 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0053 | |||
| Treynor Ratio | (0.13) |
Heilongjiang Agriculture Backtested Returns
Heilongjiang Agriculture holds Efficiency (Sharpe) Ratio of -0.0743, which attests that the entity had a -0.0743% return per unit of risk over the last 3 months. Heilongjiang Agriculture exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heilongjiang Agriculture's Downside Deviation of 2.18, market risk adjusted performance of (0.12), and Risk Adjusted Performance of 0.019 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Heilongjiang Agriculture are expected to decrease at a much lower rate. During the bear market, Heilongjiang Agriculture is likely to outperform the market. At this point, Heilongjiang Agriculture has a negative expected return of -0.15%. Please make sure to check out Heilongjiang Agriculture's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Heilongjiang Agriculture performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Heilongjiang Agriculture Co has weak predictability. Overlapping area represents the amount of predictability between Heilongjiang Agriculture time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Heilongjiang Agriculture price movement. The serial correlation of 0.23 indicates that over 23.0% of current Heilongjiang Agriculture price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Heilongjiang Agriculture lagged returns against current returns
Autocorrelation, which is Heilongjiang Agriculture 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 Heilongjiang Agriculture's stock expected returns. We can calculate the autocorrelation of Heilongjiang Agriculture returns to help us make a trade decision. For example, suppose you find that Heilongjiang Agriculture 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 |
Heilongjiang Agriculture 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 Heilongjiang Agriculture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heilongjiang Agriculture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heilongjiang Agriculture stock over time.
Current vs Lagged Prices |
| Timeline |
Heilongjiang Agriculture Lagged Returns
When evaluating Heilongjiang Agriculture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heilongjiang Agriculture stock have on its future price. Heilongjiang Agriculture 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, Heilongjiang Agriculture autocorrelation shows the relationship between Heilongjiang Agriculture stock current value and its past values and can show if there is a momentum factor associated with investing in Heilongjiang Agriculture Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Heilongjiang Stock
Heilongjiang Agriculture financial ratios help investors to determine whether Heilongjiang 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 Heilongjiang with respect to the benefits of owning Heilongjiang Agriculture security.