Hunan Oil's market value is the price at which a share of Hunan Oil trades on a public exchange. It measures the collective expectations of Hunan Oil Pump investors about its performance. Hunan Oil is trading at 19.89 as of the 2nd of January 2025, a 0.96% increase since the beginning of the trading day. The stock's open price was 19.7. With this module, you can estimate the performance of a buy and hold strategy of Hunan Oil Pump and determine expected loss or profit from investing in Hunan Oil over a given investment horizon. Check out Hunan Oil Correlation, Hunan Oil Volatility and Hunan Oil Alpha and Beta module to complement your research on Hunan Oil.
Please note, there is a significant difference between Hunan Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hunan Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hunan Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
01/13/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/02/2025
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If you would invest 0.00 in Hunan Oil on January 13, 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 720 days. Hunan Oil is related to or competes with Jinsanjiang Silicon, Harbin Air, Do Fluoride, Ningxia Younglight, Aba Chemicals, Jilin Chemical, and Maoming Petro. Hunan Oil is entity of China. It is traded as Stock on SHG exchange. 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.
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.
At this point, Hunan Oil is not too volatile. Hunan Oil Pump holds Efficiency (Sharpe) Ratio of 0.0397, which attests that the entity had a 0.0397% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hunan Oil Pump, which you can use to evaluate the volatility of the firm. Please check out Hunan Oil's Downside Deviation of 4.41, risk adjusted performance of 0.0946, and Market Risk Adjusted Performance of 0.8213 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Hunan Oil has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hunan Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hunan Oil is expected to be smaller as well. Hunan Oil Pump right now retains a risk of 4.1%. Please check out Hunan Oil information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Hunan Oil will be following its current trending patterns.
Auto-correlation
0.43
Average predictability
Hunan Oil Pump has average predictability. Overlapping area represents the amount of predictability between Hunan Oil time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd 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 0.43 indicates that just about 43.0% of current Hunan Oil price fluctuation can be explain by its past prices.
Correlation Coefficient
0.43
Spearman Rank Test
0.25
Residual Average
0.0
Price Variance
13.35
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.
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.