Liuzhou Iron (China) Market Value
| 601003 Stock | 2.69 0.03 1.10% |
| Symbol | Liuzhou |
Liuzhou Iron '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 Liuzhou Iron'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 Liuzhou Iron.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Liuzhou Iron on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Liuzhou Iron Steel or generate 0.0% return on investment in Liuzhou Iron over 60 days. Liuzhou Iron is related to or competes with Beijing Yanjing, Zhengzhou Coal, JCHX Mining, Hainan Mining, Tibet Huayu, Chengtun Mining, and Xizi Clean. Liuzhou Iron is entity of China. It is traded as Stock on SHG exchange. More
Liuzhou Iron 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 Liuzhou Iron'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 Liuzhou Iron Steel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.22 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 3.19 |
Liuzhou Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Liuzhou Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Liuzhou Iron's standard deviation. In reality, there are many statistical measures that can use Liuzhou Iron historical prices to predict the future Liuzhou Iron's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.4921 |
Liuzhou Iron Steel Backtested Returns
Liuzhou Iron Steel has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Liuzhou Iron exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Liuzhou Iron's Standard Deviation of 2.67, risk adjusted performance of (0.02), and Mean Deviation of 1.79 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Liuzhou Iron are expected to decrease at a much lower rate. During the bear market, Liuzhou Iron is likely to outperform the market. At this point, Liuzhou Iron Steel has a negative expected return of -0.29%. Please make sure to verify Liuzhou Iron's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Liuzhou Iron Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Liuzhou Iron Steel has good predictability. Overlapping area represents the amount of predictability between Liuzhou Iron 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 Liuzhou Iron Steel price movement. The serial correlation of 0.73 indicates that around 73.0% of current Liuzhou Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Liuzhou Iron Steel lagged returns against current returns
Autocorrelation, which is Liuzhou Iron 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 Liuzhou Iron's stock expected returns. We can calculate the autocorrelation of Liuzhou Iron returns to help us make a trade decision. For example, suppose you find that Liuzhou Iron 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 |
Liuzhou Iron 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 Liuzhou Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Liuzhou Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Liuzhou Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Liuzhou Iron Lagged Returns
When evaluating Liuzhou Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Liuzhou Iron stock have on its future price. Liuzhou Iron 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, Liuzhou Iron autocorrelation shows the relationship between Liuzhou Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Liuzhou Iron Steel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Liuzhou Stock
Liuzhou Iron financial ratios help investors to determine whether Liuzhou 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 Liuzhou with respect to the benefits of owning Liuzhou Iron security.