Zhuzhou Kibing's market value is the price at which a share of Zhuzhou Kibing trades on a public exchange. It measures the collective expectations of Zhuzhou Kibing Group investors about its performance. Zhuzhou Kibing is trading at 5.30 as of the 11th of January 2025, a 2.93 percent decrease since the beginning of the trading day. The stock's open price was 5.46. With this module, you can estimate the performance of a buy and hold strategy of Zhuzhou Kibing Group and determine expected loss or profit from investing in Zhuzhou Kibing over a given investment horizon. Check out Zhuzhou Kibing Correlation, Zhuzhou Kibing Volatility and Zhuzhou Kibing Alpha and Beta module to complement your research on Zhuzhou Kibing.
Please note, there is a significant difference between Zhuzhou Kibing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhuzhou Kibing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhuzhou Kibing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Zhuzhou Kibing '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 Zhuzhou Kibing'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 Zhuzhou Kibing.
0.00
06/15/2024
No Change 0.00
0.0
In 6 months and 29 days
01/11/2025
0.00
If you would invest 0.00 in Zhuzhou Kibing on June 15, 2024 and sell it all today you would earn a total of 0.00 from holding Zhuzhou Kibing Group or generate 0.0% return on investment in Zhuzhou Kibing over 210 days. Zhuzhou Kibing is related to or competes with Jiangsu Jinling, Shannon Semiconductor, Digiwin Software, Hangzhou Pinming, Shanghai Yaoji, GRINM Semiconductor, and Shenzhen. Zhuzhou Kibing is entity of China. It is traded as Stock on SHG exchange. More
Zhuzhou Kibing 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 Zhuzhou Kibing'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 Zhuzhou Kibing Group upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhuzhou Kibing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhuzhou Kibing's standard deviation. In reality, there are many statistical measures that can use Zhuzhou Kibing historical prices to predict the future Zhuzhou Kibing's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zhuzhou Kibing. Your research has to be compared to or analyzed against Zhuzhou Kibing's peers to derive any actionable benefits. When done correctly, Zhuzhou Kibing's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zhuzhou Kibing Group.
Zhuzhou Kibing Group Backtested Returns
Zhuzhou Kibing Group shows Sharpe Ratio of -0.0563, which attests that the company had a -0.0563% return per unit of risk over the last 3 months. Zhuzhou Kibing Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhuzhou Kibing's Market Risk Adjusted Performance of (0.72), standard deviation of 2.45, and Mean Deviation of 1.73 to validate the risk estimate we provide. The firm maintains a market beta of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhuzhou Kibing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhuzhou Kibing is expected to be smaller as well. At this point, Zhuzhou Kibing Group has a negative expected return of -0.14%. Please make sure to check out Zhuzhou Kibing's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Zhuzhou Kibing Group performance from the past will be repeated at some point in the near future.
Auto-correlation
0.45
Average predictability
Zhuzhou Kibing Group has average predictability. Overlapping area represents the amount of predictability between Zhuzhou Kibing time series from 15th of June 2024 to 28th of September 2024 and 28th of September 2024 to 11th 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 Zhuzhou Kibing Group price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Zhuzhou Kibing price fluctuation can be explain by its past prices.
Correlation Coefficient
0.45
Spearman Rank Test
0.48
Residual Average
0.0
Price Variance
0.15
Zhuzhou Kibing Group lagged returns against current returns
Autocorrelation, which is Zhuzhou Kibing 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 Zhuzhou Kibing's stock expected returns. We can calculate the autocorrelation of Zhuzhou Kibing returns to help us make a trade decision. For example, suppose you find that Zhuzhou Kibing 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
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Zhuzhou Kibing 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 Zhuzhou Kibing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhuzhou Kibing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhuzhou Kibing stock over time.
Current vs Lagged Prices
Timeline
Zhuzhou Kibing Lagged Returns
When evaluating Zhuzhou Kibing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhuzhou Kibing stock have on its future price. Zhuzhou Kibing 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, Zhuzhou Kibing autocorrelation shows the relationship between Zhuzhou Kibing stock current value and its past values and can show if there is a momentum factor associated with investing in Zhuzhou Kibing Group.
Zhuzhou Kibing financial ratios help investors to determine whether Zhuzhou 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 Zhuzhou with respect to the benefits of owning Zhuzhou Kibing security.