Heilongjiang Transport (China) Market Value
| 601188 Stock | 3.24 0.05 1.52% |
| Symbol | Heilongjiang |
Heilongjiang Transport '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 Heilongjiang Transport'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 Heilongjiang Transport.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Heilongjiang Transport on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Heilongjiang Transport Development or generate 0.0% return on investment in Heilongjiang Transport over 30 days. Heilongjiang Transport is related to or competes with Cultural Investment, Vanfund Urban, Zhangjiagang Elegant, Jointo Energy, Chengdu Xingrong, AUPU Home, and DO Home. Heilongjiang Transport is entity of China More
Heilongjiang Transport 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 Heilongjiang Transport'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 Heilongjiang Transport Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 3.37 |
Heilongjiang Transport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heilongjiang Transport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heilongjiang Transport's standard deviation. In reality, there are many statistical measures that can use Heilongjiang Transport historical prices to predict the future Heilongjiang Transport's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 2.46 |
Heilongjiang Transport Backtested Returns
Heilongjiang Transport holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16 % return per unit of risk over the last 3 months. Heilongjiang Transport exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heilongjiang Transport's Standard Deviation of 2.12, market risk adjusted performance of 2.47, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0801, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Heilongjiang Transport are expected to decrease at a much lower rate. During the bear market, Heilongjiang Transport is likely to outperform the market. At this point, Heilongjiang Transport has a negative expected return of -0.35%. Please make sure to check out Heilongjiang Transport's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Heilongjiang Transport performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Heilongjiang Transport Development has below average predictability. Overlapping area represents the amount of predictability between Heilongjiang Transport time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st 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 Heilongjiang Transport price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Heilongjiang Transport price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Heilongjiang Transport lagged returns against current returns
Autocorrelation, which is Heilongjiang Transport 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 Heilongjiang Transport's stock expected returns. We can calculate the autocorrelation of Heilongjiang Transport returns to help us make a trade decision. For example, suppose you find that Heilongjiang Transport 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 |
Heilongjiang Transport 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 Heilongjiang Transport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heilongjiang Transport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heilongjiang Transport stock over time.
Current vs Lagged Prices |
| Timeline |
Heilongjiang Transport Lagged Returns
When evaluating Heilongjiang Transport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heilongjiang Transport stock have on its future price. Heilongjiang Transport 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, Heilongjiang Transport autocorrelation shows the relationship between Heilongjiang Transport stock current value and its past values and can show if there is a momentum factor associated with investing in Heilongjiang Transport Development.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Heilongjiang Stock
Heilongjiang Transport financial ratios help investors to determine whether Heilongjiang 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 Heilongjiang with respect to the benefits of owning Heilongjiang Transport security.