Huitong Construction (China) Market Value
| 603176 Stock | 5.48 0.25 4.78% |
| Symbol | Huitong |
Huitong 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 Huitong 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 Huitong Construction.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Huitong Construction on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Huitong Construction Group or generate 0.0% return on investment in Huitong Construction over 180 days. Huitong Construction is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. Huitong Construction is entity of China. It is traded as Stock on SHG exchange. More
Huitong 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 Huitong 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 Huitong Construction Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.1541 | |||
| Maximum Drawdown | 18.72 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 6.67 |
Huitong Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huitong Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huitong Construction's standard deviation. In reality, there are many statistical measures that can use Huitong Construction historical prices to predict the future Huitong Construction's volatility.| Risk Adjusted Performance | 0.158 | |||
| Jensen Alpha | 0.6016 | |||
| Total Risk Alpha | 0.0863 | |||
| Sortino Ratio | 0.1877 | |||
| Treynor Ratio | 3.4 |
Huitong Construction Backtested Returns
Huitong Construction appears to be slightly risky, given 3 months investment horizon. Huitong Construction holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. By evaluating Huitong Construction's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Huitong Construction's Risk Adjusted Performance of 0.158, downside deviation of 2.65, and Market Risk Adjusted Performance of 3.41 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Huitong Construction holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Huitong Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Huitong Construction is expected to be smaller as well. Please check Huitong Construction's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Huitong Construction's current trending patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Huitong Construction Group has very good reverse predictability. Overlapping area represents the amount of predictability between Huitong Construction time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Huitong Construction price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Huitong Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Huitong Construction lagged returns against current returns
Autocorrelation, which is Huitong 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 Huitong Construction's stock expected returns. We can calculate the autocorrelation of Huitong Construction returns to help us make a trade decision. For example, suppose you find that Huitong 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 |
Huitong 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 Huitong Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huitong Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huitong Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Huitong Construction Lagged Returns
When evaluating Huitong Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huitong Construction stock have on its future price. Huitong 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, Huitong Construction autocorrelation shows the relationship between Huitong Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Huitong Construction Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Huitong Stock
Huitong Construction financial ratios help investors to determine whether Huitong 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 Huitong with respect to the benefits of owning Huitong Construction security.