HMTNew Technical (China) Market Value
| 603306 Stock | 38.48 0.23 0.60% |
| Symbol | HMTNew |
HMTNew Technical '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 HMTNew Technical'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 HMTNew Technical.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in HMTNew Technical on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding HMTNew Technical or generate 0.0% return on investment in HMTNew Technical over 90 days. HMTNew Technical is related to or competes with Shanghai Shuixing, Ningbo Homelink, Jason Furniture(Hangzh, DO Home, Vohringer Home, Fiberhome Telecommunicatio, and Nanjing OLO. HMTNew Technical is entity of China. It is traded as Stock on SHG exchange. More
HMTNew Technical 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 HMTNew Technical'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 HMTNew Technical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | 0.1306 | |||
| Maximum Drawdown | 20.02 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 7.39 |
HMTNew Technical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HMTNew Technical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HMTNew Technical's standard deviation. In reality, there are many statistical measures that can use HMTNew Technical historical prices to predict the future HMTNew Technical's volatility.| Risk Adjusted Performance | 0.1018 | |||
| Jensen Alpha | 0.3656 | |||
| Total Risk Alpha | 0.7245 | |||
| Sortino Ratio | 0.136 | |||
| Treynor Ratio | 20.45 |
HMTNew Technical Backtested Returns
HMTNew Technical appears to be not too volatile, given 3 months investment horizon. HMTNew Technical holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12 % return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for HMTNew Technical, which you can use to evaluate the volatility of the firm. Please utilize HMTNew Technical's market risk adjusted performance of 20.46, and Risk Adjusted Performance of 0.1018 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HMTNew Technical holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.0178, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HMTNew Technical's returns are expected to increase less than the market. However, during the bear market, the loss of holding HMTNew Technical is expected to be smaller as well. Please check HMTNew Technical's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether HMTNew Technical's current trending patterns will revert.
Auto-correlation | 0.60 |
Good predictability
HMTNew Technical has good predictability. Overlapping area represents the amount of predictability between HMTNew Technical time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 HMTNew Technical price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current HMTNew Technical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.91 |
HMTNew Technical lagged returns against current returns
Autocorrelation, which is HMTNew Technical 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 HMTNew Technical's stock expected returns. We can calculate the autocorrelation of HMTNew Technical returns to help us make a trade decision. For example, suppose you find that HMTNew Technical 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 |
HMTNew Technical 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 HMTNew Technical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HMTNew Technical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HMTNew Technical stock over time.
Current vs Lagged Prices |
| Timeline |
HMTNew Technical Lagged Returns
When evaluating HMTNew Technical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HMTNew Technical stock have on its future price. HMTNew Technical 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, HMTNew Technical autocorrelation shows the relationship between HMTNew Technical stock current value and its past values and can show if there is a momentum factor associated with investing in HMTNew Technical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HMTNew Stock
HMTNew Technical financial ratios help investors to determine whether HMTNew 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 HMTNew with respect to the benefits of owning HMTNew Technical security.