Power Construction (China) Market Value
| 601669 Stock | 4.95 0.11 2.27% |
| Symbol | Power |
Power Construction '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 Power Construction'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 Power Construction.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Power Construction on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Power Construction Corp or generate 0.0% return on investment in Power Construction over 90 days. Power Construction is related to or competes with China Sports, Jilin Jlu, Lander Sports, Maxvision Technology, Shuhua Sports, Bangyan Technology, and Runjian Communication. Power Construction is entity of China. It is traded as Stock on SHG exchange. More
Power Construction 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 Power Construction'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 Power Construction Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.97 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.81 |
Power Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Construction's standard deviation. In reality, there are many statistical measures that can use Power Construction historical prices to predict the future Power Construction's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.75) |
Power Construction Corp Backtested Returns
Power Construction Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13 % return per unit of risk over the last 3 months. Power Construction Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Power Construction's Risk Adjusted Performance of (0.11), variance of 1.33, and Coefficient Of Variation of (754.64) to confirm the risk estimate we provide. The company holds a Beta of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Power Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Power Construction is expected to be smaller as well. At this point, Power Construction Corp has a negative expected return of -0.15%. Please make sure to check Power Construction's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Power Construction Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Power Construction Corp has very good predictability. Overlapping area represents the amount of predictability between Power Construction time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Power Construction Corp price movement. The serial correlation of 0.82 indicates that around 82.0% of current Power Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Power Construction Corp lagged returns against current returns
Autocorrelation, which is Power Construction 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 Power Construction's stock expected returns. We can calculate the autocorrelation of Power Construction returns to help us make a trade decision. For example, suppose you find that Power Construction 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 |
Power Construction 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 Power Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Power Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Power Construction Lagged Returns
When evaluating Power Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Construction stock have on its future price. Power Construction 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, Power Construction autocorrelation shows the relationship between Power Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Power Construction Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Power Stock
Power Construction financial ratios help investors to determine whether Power 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 Power with respect to the benefits of owning Power Construction security.