Hengdian Entertainment (China) Market Value
| 603103 Stock | 14.00 0.05 0.36% |
| Symbol | Hengdian |
Hengdian Entertainment '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 Hengdian Entertainment'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 Hengdian Entertainment.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hengdian Entertainment on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hengdian Entertainment Co or generate 0.0% return on investment in Hengdian Entertainment over 90 days. Hengdian Entertainment is related to or competes with Northern United, Huaibei Mining, Shenyang Blue, JCHX Mining, Changjiang Publishing, Chengtun Mining, and Heilongjiang Publishing. Hengdian Entertainment is entity of China More
Hengdian Entertainment 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 Hengdian Entertainment'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 Hengdian Entertainment Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0103 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (8.07) | |||
| Potential Upside | 4.9 |
Hengdian Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hengdian Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hengdian Entertainment's standard deviation. In reality, there are many statistical measures that can use Hengdian Entertainment historical prices to predict the future Hengdian Entertainment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | 0.4093 | |||
| Treynor Ratio | 0.1496 |
Hengdian Entertainment Backtested Returns
Hengdian Entertainment holds Efficiency (Sharpe) Ratio of -0.024, which attests that the entity had a -0.024 % return per unit of risk over the last 3 months. Hengdian Entertainment exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hengdian Entertainment's Standard Deviation of 3.83, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of 0.1596 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hengdian Entertainment are expected to decrease at a much lower rate. During the bear market, Hengdian Entertainment is likely to outperform the market. At this point, Hengdian Entertainment has a negative expected return of -0.0906%. Please make sure to check out Hengdian Entertainment's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Hengdian Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Hengdian Entertainment Co has poor predictability. Overlapping area represents the amount of predictability between Hengdian Entertainment time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Hengdian Entertainment price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Hengdian Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Hengdian Entertainment lagged returns against current returns
Autocorrelation, which is Hengdian Entertainment 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 Hengdian Entertainment's stock expected returns. We can calculate the autocorrelation of Hengdian Entertainment returns to help us make a trade decision. For example, suppose you find that Hengdian Entertainment 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 |
Hengdian Entertainment 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 Hengdian Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hengdian Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hengdian Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Hengdian Entertainment Lagged Returns
When evaluating Hengdian Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hengdian Entertainment stock have on its future price. Hengdian Entertainment 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, Hengdian Entertainment autocorrelation shows the relationship between Hengdian Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Hengdian Entertainment Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hengdian Stock
Hengdian Entertainment financial ratios help investors to determine whether Hengdian 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 Hengdian with respect to the benefits of owning Hengdian Entertainment security.