Qianhe CondimentFood's market value is the price at which a share of Qianhe CondimentFood trades on a public exchange. It measures the collective expectations of Qianhe CondimentFood Co investors about its performance. Qianhe CondimentFood is trading at 10.77 as of the 12th of January 2025, a 2.45 percent decrease since the beginning of the trading day. The stock's open price was 11.04. With this module, you can estimate the performance of a buy and hold strategy of Qianhe CondimentFood Co and determine expected loss or profit from investing in Qianhe CondimentFood over a given investment horizon. Check out Qianhe CondimentFood Correlation, Qianhe CondimentFood Volatility and Qianhe CondimentFood Alpha and Beta module to complement your research on Qianhe CondimentFood.
Please note, there is a significant difference between Qianhe CondimentFood's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qianhe CondimentFood is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qianhe CondimentFood'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.
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.
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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Qianhe CondimentFood. Your research has to be compared to or analyzed against Qianhe CondimentFood's peers to derive any actionable benefits. When done correctly, Qianhe CondimentFood'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 Qianhe CondimentFood.
Qianhe CondimentFood Backtested Returns
Qianhe CondimentFood maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Qianhe CondimentFood exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qianhe CondimentFood's Coefficient Of Variation of (836.76), risk adjusted performance of (0.09), and Variance of 5.07 to confirm the risk estimate we provide. The company holds a Beta of -0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qianhe CondimentFood are expected to decrease at a much lower rate. During the bear market, Qianhe CondimentFood is likely to outperform the market. At this point, Qianhe CondimentFood has a negative expected return of -0.27%. Please make sure to check Qianhe CondimentFood's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Qianhe CondimentFood performance from the past will be repeated at some point in the near future.
Auto-correlation
0.83
Very good predictability
Qianhe CondimentFood Co has very good predictability. Overlapping area represents the amount of predictability between Qianhe CondimentFood time series from 13th of December 2024 to 28th of December 2024 and 28th of December 2024 to 12th 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 Qianhe CondimentFood price movement. The serial correlation of 0.83 indicates that around 83.0% of current Qianhe CondimentFood price fluctuation can be explain by its past prices.
Correlation Coefficient
0.83
Spearman Rank Test
0.83
Residual Average
0.0
Price Variance
0.28
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
Timeline
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.
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.