Mengtian Home (China) Market Value
| 603216 Stock | 12.43 0.04 0.32% |
| Symbol | Mengtian |
Mengtian Home '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 Mengtian Home'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 Mengtian Home.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Mengtian Home on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Mengtian Home Group or generate 0.0% return on investment in Mengtian Home over 90 days. Mengtian Home is related to or competes with Dazhong Transportation, Hubei Tech, Ingenic Semiconductor, Union Semiconductor, Yuanjie Semiconductor, GigaDevice SemiconductorBei, and Zhengping RoadBridge. Mengtian Home is entity of China. It is traded as Stock on SHG exchange. More
Mengtian Home 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 Mengtian Home'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 Mengtian Home Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.37 | |||
| Information Ratio | 0.1136 | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 5.08 |
Mengtian Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mengtian Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mengtian Home's standard deviation. In reality, there are many statistical measures that can use Mengtian Home historical prices to predict the future Mengtian Home's volatility.| Risk Adjusted Performance | 0.0802 | |||
| Jensen Alpha | 0.1728 | |||
| Total Risk Alpha | 0.6792 | |||
| Sortino Ratio | 0.1114 | |||
| Treynor Ratio | (0.31) |
Mengtian Home Group Backtested Returns
Mengtian Home Group has Sharpe Ratio of -0.0434, which conveys that the firm had a -0.0434 % return per unit of risk over the last 3 months. Mengtian Home exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mengtian Home's Risk Adjusted Performance of 0.0802, mean deviation of 2.05, and Downside Deviation of 3.37 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.85, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Mengtian Home are expected to decrease slowly. On the other hand, during market turmoil, Mengtian Home is expected to outperform it slightly. At this point, Mengtian Home Group has a negative expected return of -0.1%. Please make sure to verify Mengtian Home's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Mengtian Home Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Mengtian Home Group has very good reverse predictability. Overlapping area represents the amount of predictability between Mengtian Home 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 Mengtian Home Group price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Mengtian Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Mengtian Home Group lagged returns against current returns
Autocorrelation, which is Mengtian Home 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 Mengtian Home's stock expected returns. We can calculate the autocorrelation of Mengtian Home returns to help us make a trade decision. For example, suppose you find that Mengtian Home 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 |
Mengtian Home 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 Mengtian Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mengtian Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mengtian Home stock over time.
Current vs Lagged Prices |
| Timeline |
Mengtian Home Lagged Returns
When evaluating Mengtian Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mengtian Home stock have on its future price. Mengtian Home 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, Mengtian Home autocorrelation shows the relationship between Mengtian Home stock current value and its past values and can show if there is a momentum factor associated with investing in Mengtian Home Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mengtian Stock
Mengtian Home financial ratios help investors to determine whether Mengtian 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 Mengtian with respect to the benefits of owning Mengtian Home security.