Tibet Huayu (China) Market Value
| 601020 Stock | 14.39 0.20 1.41% |
| Symbol | Tibet |
Tibet Huayu '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 Tibet Huayu'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 Tibet Huayu.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Tibet Huayu on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Tibet Huayu Mining or generate 0.0% return on investment in Tibet Huayu over 30 days. Tibet Huayu is related to or competes with Zijin Mining, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Tibet Huayu is entity of China. It is traded as Stock on SHG exchange. More
Tibet Huayu 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 Tibet Huayu'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 Tibet Huayu Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.53 | |||
| Information Ratio | 0.0696 | |||
| Maximum Drawdown | 19.28 | |||
| Value At Risk | (5.22) | |||
| Potential Upside | 6.3 |
Tibet Huayu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tibet Huayu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tibet Huayu's standard deviation. In reality, there are many statistical measures that can use Tibet Huayu historical prices to predict the future Tibet Huayu's volatility.| Risk Adjusted Performance | 0.0892 | |||
| Jensen Alpha | 0.5316 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0739 | |||
| Treynor Ratio | (0.35) |
Tibet Huayu Mining Backtested Returns
Tibet Huayu appears to be somewhat reliable, given 3 months investment horizon. Tibet Huayu Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Tibet Huayu's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please review Tibet Huayu's Coefficient Of Variation of 940.88, risk adjusted performance of 0.0892, and Semi Deviation of 3.2 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tibet Huayu holds a performance score of 11. The entity has a beta of -1.12, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Tibet Huayu are expected to decrease slowly. On the other hand, during market turmoil, Tibet Huayu is expected to outperform it slightly. Please check Tibet Huayu'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 Tibet Huayu's existing price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Tibet Huayu Mining has very good reverse predictability. Overlapping area represents the amount of predictability between Tibet Huayu time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Tibet Huayu Mining price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Tibet Huayu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Tibet Huayu Mining lagged returns against current returns
Autocorrelation, which is Tibet Huayu 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 Tibet Huayu's stock expected returns. We can calculate the autocorrelation of Tibet Huayu returns to help us make a trade decision. For example, suppose you find that Tibet Huayu 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 |
Tibet Huayu 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 Tibet Huayu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tibet Huayu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tibet Huayu stock over time.
Current vs Lagged Prices |
| Timeline |
Tibet Huayu Lagged Returns
When evaluating Tibet Huayu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tibet Huayu stock have on its future price. Tibet Huayu 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, Tibet Huayu autocorrelation shows the relationship between Tibet Huayu stock current value and its past values and can show if there is a momentum factor associated with investing in Tibet Huayu Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tibet Stock
Tibet Huayu financial ratios help investors to determine whether Tibet 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 Tibet with respect to the benefits of owning Tibet Huayu security.