Liaoning Dingjide (China) Market Value
| 603255 Stock | 32.12 1.46 4.35% |
| Symbol | Liaoning |
Liaoning Dingjide '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 Liaoning Dingjide'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 Liaoning Dingjide.
| 09/25/2024 |
| 12/24/2024 |
If you would invest 0.00 in Liaoning Dingjide on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Liaoning Dingjide Petrochemical or generate 0.0% return on investment in Liaoning Dingjide over 90 days. Liaoning Dingjide is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Liaoning Dingjide is entity of China. It is traded as Stock on SHG exchange. More
Liaoning Dingjide 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 Liaoning Dingjide'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 Liaoning Dingjide Petrochemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 0.1181 | |||
| Maximum Drawdown | 18.62 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 7.2 |
Liaoning Dingjide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Liaoning Dingjide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Liaoning Dingjide's standard deviation. In reality, there are many statistical measures that can use Liaoning Dingjide historical prices to predict the future Liaoning Dingjide's volatility.| Risk Adjusted Performance | 0.1094 | |||
| Jensen Alpha | 0.3982 | |||
| Total Risk Alpha | 0.3043 | |||
| Sortino Ratio | 0.1244 | |||
| Treynor Ratio | (6.47) |
Liaoning Dingjide Backtested Returns
Liaoning Dingjide appears to be not too volatile, given 3 months investment horizon. Liaoning Dingjide has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Liaoning Dingjide, which you can use to evaluate the volatility of the firm. Please exercise Liaoning Dingjide's Mean Deviation of 2.18, downside deviation of 3.0, and Risk Adjusted Performance of 0.1094 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Liaoning Dingjide holds a performance score of 9. The company secures a Beta (Market Risk) of -0.0613, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Liaoning Dingjide are expected to decrease at a much lower rate. During the bear market, Liaoning Dingjide is likely to outperform the market. Please check Liaoning Dingjide's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Liaoning Dingjide's current price movements will revert.
Auto-correlation | 0.25 |
Poor predictability
Liaoning Dingjide Petrochemical has poor predictability. Overlapping area represents the amount of predictability between Liaoning Dingjide time series from 25th of September 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Liaoning Dingjide price movement. The serial correlation of 0.25 indicates that over 25.0% of current Liaoning Dingjide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 2.13 |
Liaoning Dingjide lagged returns against current returns
Autocorrelation, which is Liaoning Dingjide 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 Liaoning Dingjide's stock expected returns. We can calculate the autocorrelation of Liaoning Dingjide returns to help us make a trade decision. For example, suppose you find that Liaoning Dingjide 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 |
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Liaoning Dingjide 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 Liaoning Dingjide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Liaoning Dingjide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Liaoning Dingjide stock over time.
Current vs Lagged Prices |
| Timeline |
Liaoning Dingjide Lagged Returns
When evaluating Liaoning Dingjide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Liaoning Dingjide stock have on its future price. Liaoning Dingjide 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, Liaoning Dingjide autocorrelation shows the relationship between Liaoning Dingjide stock current value and its past values and can show if there is a momentum factor associated with investing in Liaoning Dingjide Petrochemical.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Liaoning Stock
Liaoning Dingjide financial ratios help investors to determine whether Liaoning 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 Liaoning with respect to the benefits of owning Liaoning Dingjide security.