Dr Peng (China) Market Value
| 600804 Stock | 1.54 0.05 3.14% |
| Symbol | 600804 |
Dr Peng '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 Dr Peng'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 Dr Peng.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Dr Peng on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Dr Peng Telecom or generate 0.0% return on investment in Dr Peng over 90 days. Dr Peng is related to or competes with Tianshan Aluminum, Dazhong Transportation, Gansu Huangtai, Aluminum Corp, Jiaozuo Wanfang, Anhui Transport, and Zhejiang Yongjin. Dr Peng is entity of China. It is traded as Stock on SHG exchange. More
Dr Peng 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 Dr Peng'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 Dr Peng Telecom upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 10.44 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 5.1 |
Dr Peng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dr Peng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dr Peng's standard deviation. In reality, there are many statistical measures that can use Dr Peng historical prices to predict the future Dr Peng's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (1.37) |
Dr Peng Telecom Backtested Returns
Dr Peng Telecom retains Efficiency (Sharpe Ratio) of -0.0907, which denotes the company had a -0.0907 % return per unit of price deviation over the last 3 months. Dr Peng exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dr Peng's Standard Deviation of 3.54, information ratio of (0.1), and Market Risk Adjusted Performance of (1.36) to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dr Peng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dr Peng is expected to be smaller as well. At this point, Dr Peng Telecom has a negative expected return of -0.32%. Please make sure to confirm Dr Peng's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Dr Peng Telecom performance from the past will be repeated in the future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Dr Peng Telecom has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dr Peng time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Dr Peng Telecom price movement. The serial correlation of -0.18 indicates that over 18.0% of current Dr Peng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Dr Peng Telecom lagged returns against current returns
Autocorrelation, which is Dr Peng 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 Dr Peng's stock expected returns. We can calculate the autocorrelation of Dr Peng returns to help us make a trade decision. For example, suppose you find that Dr Peng 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 |
Dr Peng 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 Dr Peng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dr Peng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dr Peng stock over time.
Current vs Lagged Prices |
| Timeline |
Dr Peng Lagged Returns
When evaluating Dr Peng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dr Peng stock have on its future price. Dr Peng 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, Dr Peng autocorrelation shows the relationship between Dr Peng stock current value and its past values and can show if there is a momentum factor associated with investing in Dr Peng Telecom.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 600804 Stock
Dr Peng financial ratios help investors to determine whether 600804 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 600804 with respect to the benefits of owning Dr Peng security.