Longjian Road (China) Market Value
| 600853 Stock | 3.69 0.25 6.35% |
| Symbol | Longjian |
Longjian Road '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 Longjian Road'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 Longjian Road.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Longjian Road on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Longjian Road Bridge or generate 0.0% return on investment in Longjian Road over 60 days. Longjian Road is related to or competes with China Life, Cinda Securities, Piotech, Dongxing Sec, Shanghai OPM, National Silicon, and China Molybdenum. Longjian Road is entity of China. It is traded as Stock on SHG exchange. More
Longjian Road 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 Longjian Road'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 Longjian Road Bridge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | 0.0662 | |||
| Maximum Drawdown | 19.24 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 4.5 |
Longjian Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Longjian Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Longjian Road's standard deviation. In reality, there are many statistical measures that can use Longjian Road historical prices to predict the future Longjian Road's volatility.| Risk Adjusted Performance | 0.0666 | |||
| Jensen Alpha | 0.2369 | |||
| Total Risk Alpha | 0.1888 | |||
| Sortino Ratio | 0.0642 | |||
| Treynor Ratio | 0.6565 |
Longjian Road Bridge Backtested Returns
At this point, Longjian Road is relatively risky. Longjian Road Bridge has Sharpe Ratio of 0.018, which conveys that the firm had a 0.018% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Longjian Road, which you can use to evaluate the volatility of the firm. Please verify Longjian Road's Downside Deviation of 3.57, mean deviation of 2.47, and Risk Adjusted Performance of 0.0666 to check out if the risk estimate we provide is consistent with the expected return of 0.0609%. Longjian Road has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Longjian Road's returns are expected to increase less than the market. However, during the bear market, the loss of holding Longjian Road is expected to be smaller as well. Longjian Road Bridge right now secures a risk of 3.39%. Please verify Longjian Road Bridge information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Longjian Road Bridge will be following its current price movements.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Longjian Road Bridge has insignificant reverse predictability. Overlapping area represents the amount of predictability between Longjian Road 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 Longjian Road Bridge price movement. The serial correlation of -0.16 indicates that over 16.0% of current Longjian Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Longjian Road Bridge lagged returns against current returns
Autocorrelation, which is Longjian Road 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 Longjian Road's stock expected returns. We can calculate the autocorrelation of Longjian Road returns to help us make a trade decision. For example, suppose you find that Longjian Road 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 |
Longjian Road 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 Longjian Road stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Longjian Road stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Longjian Road stock over time.
Current vs Lagged Prices |
| Timeline |
Longjian Road Lagged Returns
When evaluating Longjian Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Longjian Road stock have on its future price. Longjian Road 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, Longjian Road autocorrelation shows the relationship between Longjian Road stock current value and its past values and can show if there is a momentum factor associated with investing in Longjian Road Bridge.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Longjian Stock
Longjian Road financial ratios help investors to determine whether Longjian 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 Longjian with respect to the benefits of owning Longjian Road security.