Qianhe CondimentFood (China) Market Value
| 603027 Stock | 12.81 0.03 0.23% |
| Symbol | Qianhe |
Qianhe CondimentFood '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 Qianhe CondimentFood'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 Qianhe CondimentFood.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Qianhe CondimentFood on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Qianhe CondimentFood Co or generate 0.0% return on investment in Qianhe CondimentFood over 30 days. Qianhe CondimentFood is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Qianhe CondimentFood is entity of China. It is traded as Stock on SHG exchange. More
Qianhe CondimentFood 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 Qianhe CondimentFood'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 Qianhe CondimentFood Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.1203 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 6.97 |
Qianhe CondimentFood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qianhe CondimentFood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qianhe CondimentFood's standard deviation. In reality, there are many statistical measures that can use Qianhe CondimentFood historical prices to predict the future Qianhe CondimentFood's volatility.| Risk Adjusted Performance | 0.1146 | |||
| Jensen Alpha | 0.4316 | |||
| Total Risk Alpha | 0.2891 | |||
| Sortino Ratio | 0.1468 | |||
| Treynor Ratio | 13.27 |
Qianhe CondimentFood Backtested Returns
At this point, Qianhe CondimentFood is not too volatile. Qianhe CondimentFood maintains Sharpe Ratio (i.e., Efficiency) of 0.0177, which implies the firm had a 0.0177% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Qianhe CondimentFood, which you can use to evaluate the volatility of the company. Please check Qianhe CondimentFood's Semi Deviation of 2.36, coefficient of variation of 747.01, and Risk Adjusted Performance of 0.1146 to confirm if the risk estimate we provide is consistent with the expected return of 0.053%. Qianhe CondimentFood has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.0326, which implies not very significant fluctuations relative to the market. As returns on the market increase, Qianhe CondimentFood's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qianhe CondimentFood is expected to be smaller as well. Qianhe CondimentFood right now holds a risk of 2.99%. Please check Qianhe CondimentFood mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Qianhe CondimentFood will be following its historical price patterns.
Auto-correlation | -0.57 |
Good reverse predictability
Qianhe CondimentFood Co has good reverse predictability. Overlapping area represents the amount of predictability between Qianhe CondimentFood time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Qianhe CondimentFood price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Qianhe CondimentFood price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Qianhe CondimentFood lagged returns against current returns
Autocorrelation, which is Qianhe CondimentFood 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 Qianhe CondimentFood's stock expected returns. We can calculate the autocorrelation of Qianhe CondimentFood returns to help us make a trade decision. For example, suppose you find that Qianhe CondimentFood 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 |
Qianhe CondimentFood 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 Qianhe CondimentFood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qianhe CondimentFood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qianhe CondimentFood stock over time.
Current vs Lagged Prices |
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Qianhe CondimentFood Lagged Returns
When evaluating Qianhe CondimentFood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qianhe CondimentFood stock have on its future price. Qianhe CondimentFood 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, Qianhe CondimentFood autocorrelation shows the relationship between Qianhe CondimentFood stock current value and its past values and can show if there is a momentum factor associated with investing in Qianhe CondimentFood Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Qianhe Stock
Qianhe CondimentFood financial ratios help investors to determine whether Qianhe 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 Qianhe with respect to the benefits of owning Qianhe CondimentFood security.