Huaibei Mining (China) Market Value
| 600985 Stock | 15.03 0.15 1.01% |
| Symbol | Huaibei |
Huaibei Mining '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 Huaibei Mining'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 Huaibei Mining.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Huaibei Mining on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Huaibei Mining Holdings or generate 0.0% return on investment in Huaibei Mining over 30 days. Huaibei Mining is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Huaibei Mining is entity of China. It is traded as Stock on SHG exchange. More
Huaibei Mining 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 Huaibei Mining'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 Huaibei Mining Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.96 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 4.61 |
Huaibei Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huaibei Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huaibei Mining's standard deviation. In reality, there are many statistical measures that can use Huaibei Mining historical prices to predict the future Huaibei Mining's volatility.| Risk Adjusted Performance | 0.0284 | |||
| Jensen Alpha | 0.032 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2147 |
Huaibei Mining Holdings Backtested Returns
Huaibei Mining appears to be not too volatile, given 3 months investment horizon. Huaibei Mining Holdings holds Efficiency (Sharpe) Ratio of 0.0907, which attests that the entity had a 0.0907% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Huaibei Mining Holdings, which you can use to evaluate the volatility of the firm. Please utilize Huaibei Mining's market risk adjusted performance of 0.2247, and Risk Adjusted Performance of 0.0284 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Huaibei Mining holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Huaibei Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Huaibei Mining is expected to be smaller as well. Please check Huaibei Mining's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Huaibei Mining's current trending patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
Huaibei Mining Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Huaibei Mining time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Huaibei Mining Holdings price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Huaibei Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Huaibei Mining Holdings lagged returns against current returns
Autocorrelation, which is Huaibei Mining 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 Huaibei Mining's stock expected returns. We can calculate the autocorrelation of Huaibei Mining returns to help us make a trade decision. For example, suppose you find that Huaibei Mining 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 |
Huaibei Mining 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 Huaibei Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huaibei Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huaibei Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Huaibei Mining Lagged Returns
When evaluating Huaibei Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huaibei Mining stock have on its future price. Huaibei Mining 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, Huaibei Mining autocorrelation shows the relationship between Huaibei Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Huaibei Mining Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Huaibei Stock
Huaibei Mining financial ratios help investors to determine whether Huaibei 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 Huaibei with respect to the benefits of owning Huaibei Mining security.