Hunan Oil (China) Market Value
| 603319 Stock | 24.80 0.71 2.95% |
| Symbol | Hunan |
Hunan Oil '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 Hunan Oil'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 Hunan Oil.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in Hunan Oil on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding Hunan Oil Pump or generate 0.0% return on investment in Hunan Oil over 570 days. Hunan Oil is related to or competes with Unisplendour Corp, Guosheng Financial, China Everbright, Shanghai CEO, Qilu Bank, Xiamen Bank, and Postal Savings. More
Hunan Oil 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 Hunan Oil'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 Hunan Oil Pump upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.15 | |||
| Information Ratio | 0.1221 | |||
| Maximum Drawdown | 17.73 | |||
| Value At Risk | (8.22) | |||
| Potential Upside | 8.06 |
Hunan Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hunan Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hunan Oil's standard deviation. In reality, there are many statistical measures that can use Hunan Oil historical prices to predict the future Hunan Oil's volatility.| Risk Adjusted Performance | 0.116 | |||
| Jensen Alpha | 0.5406 | |||
| Total Risk Alpha | 0.4355 | |||
| Sortino Ratio | 0.1241 | |||
| Treynor Ratio | (1.83) |
Hunan Oil Pump Backtested Returns
Hunan Oil appears to be somewhat reliable, given 3 months investment horizon. Hunan Oil Pump holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13 % return per unit of risk over the last 3 months. By evaluating Hunan Oil's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Hunan Oil's Risk Adjusted Performance of 0.116, market risk adjusted performance of (1.82), and Downside Deviation of 4.15 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hunan Oil holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hunan Oil are expected to decrease at a much lower rate. During the bear market, Hunan Oil is likely to outperform the market. Please check Hunan Oil's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hunan Oil's current trending patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Hunan Oil Pump has very good reverse predictability. Overlapping area represents the amount of predictability between Hunan Oil time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th of January 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 Hunan Oil Pump price movement. The serial correlation of -0.67 indicates that around 67.0% of current Hunan Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 14.67 |
Hunan Oil Pump lagged returns against current returns
Autocorrelation, which is Hunan Oil 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 Hunan Oil's stock expected returns. We can calculate the autocorrelation of Hunan Oil returns to help us make a trade decision. For example, suppose you find that Hunan Oil 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 |
Hunan Oil 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 Hunan Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hunan Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hunan Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Hunan Oil Lagged Returns
When evaluating Hunan Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hunan Oil stock have on its future price. Hunan Oil 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, Hunan Oil autocorrelation shows the relationship between Hunan Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Hunan Oil Pump.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hunan Stock
Hunan Oil financial ratios help investors to determine whether Hunan 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 Hunan with respect to the benefits of owning Hunan Oil security.