Sichuan Hebang (China) Market Value
| 603077 Stock | 2.04 0.01 0.49% |
| Symbol | Sichuan |
Sichuan Hebang '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 Sichuan Hebang'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 Sichuan Hebang.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Sichuan Hebang on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Sichuan Hebang Biotechnology or generate 0.0% return on investment in Sichuan Hebang over 720 days. Sichuan Hebang is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. Sichuan Hebang is entity of China. It is traded as Stock on SHG exchange. More
Sichuan Hebang 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 Sichuan Hebang'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 Sichuan Hebang Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.0816 | |||
| Maximum Drawdown | 18.14 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.93 |
Sichuan Hebang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sichuan Hebang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Hebang's standard deviation. In reality, there are many statistical measures that can use Sichuan Hebang historical prices to predict the future Sichuan Hebang's volatility.| Risk Adjusted Performance | 0.1109 | |||
| Jensen Alpha | 0.3639 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0852 | |||
| Treynor Ratio | (1.43) |
Sichuan Hebang Biote Backtested Returns
Sichuan Hebang appears to be very risky, given 3 months investment horizon. Sichuan Hebang Biote owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sichuan Hebang Biotechnology, which you can use to evaluate the volatility of the company. Please review Sichuan Hebang's Semi Deviation of 2.02, coefficient of variation of 735.76, and Risk Adjusted Performance of 0.1109 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sichuan Hebang holds a performance score of 10. The entity has a beta of -0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sichuan Hebang are expected to decrease at a much lower rate. During the bear market, Sichuan Hebang is likely to outperform the market. Please check Sichuan Hebang's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Sichuan Hebang's existing price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Sichuan Hebang Biotechnology has very good predictability. Overlapping area represents the amount of predictability between Sichuan Hebang time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Sichuan Hebang Biote price movement. The serial correlation of 0.8 indicates that around 80.0% of current Sichuan Hebang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Sichuan Hebang Biote lagged returns against current returns
Autocorrelation, which is Sichuan Hebang 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 Sichuan Hebang's stock expected returns. We can calculate the autocorrelation of Sichuan Hebang returns to help us make a trade decision. For example, suppose you find that Sichuan Hebang 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 |
Sichuan Hebang 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 Sichuan Hebang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Hebang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Hebang stock over time.
Current vs Lagged Prices |
| Timeline |
Sichuan Hebang Lagged Returns
When evaluating Sichuan Hebang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Hebang stock have on its future price. Sichuan Hebang 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, Sichuan Hebang autocorrelation shows the relationship between Sichuan Hebang stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Hebang Biotechnology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sichuan Stock
Sichuan Hebang financial ratios help investors to determine whether Sichuan 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 Sichuan with respect to the benefits of owning Sichuan Hebang security.