Zhongtong Guomai (China) Market Value
| 603559 Stock | 8.38 0.01 0.12% |
| Symbol | Zhongtong |
Zhongtong Guomai '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 Zhongtong Guomai'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 Zhongtong Guomai.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Zhongtong Guomai on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Zhongtong Guomai Communication or generate 0.0% return on investment in Zhongtong Guomai over 90 days. Zhongtong Guomai is related to or competes with Jinhui Mining, JCHX Mining, Shandong Mining, Zhengzhou Coal, Jinhui Liquor, Guocheng Mining, and Jiangxi Copper. Zhongtong Guomai is entity of China. It is traded as Stock on SHG exchange. More
Zhongtong Guomai 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 Zhongtong Guomai'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 Zhongtong Guomai Communication upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 32.51 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 5.03 |
Zhongtong Guomai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongtong Guomai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongtong Guomai's standard deviation. In reality, there are many statistical measures that can use Zhongtong Guomai historical prices to predict the future Zhongtong Guomai's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | 0.2606 | |||
| Treynor Ratio | 0.6863 |
Zhongtong Guomai Com Backtested Returns
Zhongtong Guomai Com shows Sharpe Ratio of -0.0799, which attests that the company had a -0.0799 % return per unit of risk over the last 3 months. Zhongtong Guomai Com exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhongtong Guomai's Mean Deviation of 2.94, standard deviation of 4.61, and Market Risk Adjusted Performance of 0.6963 to validate the risk estimate we provide. The firm maintains a market beta of -0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhongtong Guomai are expected to decrease at a much lower rate. During the bear market, Zhongtong Guomai is likely to outperform the market. At this point, Zhongtong Guomai Com has a negative expected return of -0.39%. Please make sure to check out Zhongtong Guomai's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Zhongtong Guomai Com performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Zhongtong Guomai Communication has very good reverse predictability. Overlapping area represents the amount of predictability between Zhongtong Guomai 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 Zhongtong Guomai Com price movement. The serial correlation of -0.67 indicates that around 67.0% of current Zhongtong Guomai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Zhongtong Guomai Com lagged returns against current returns
Autocorrelation, which is Zhongtong Guomai 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 Zhongtong Guomai's stock expected returns. We can calculate the autocorrelation of Zhongtong Guomai returns to help us make a trade decision. For example, suppose you find that Zhongtong Guomai 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 |
Zhongtong Guomai 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 Zhongtong Guomai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongtong Guomai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongtong Guomai stock over time.
Current vs Lagged Prices |
| Timeline |
Zhongtong Guomai Lagged Returns
When evaluating Zhongtong Guomai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongtong Guomai stock have on its future price. Zhongtong Guomai 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, Zhongtong Guomai autocorrelation shows the relationship between Zhongtong Guomai stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongtong Guomai Communication.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhongtong Stock
Zhongtong Guomai financial ratios help investors to determine whether Zhongtong 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 Zhongtong with respect to the benefits of owning Zhongtong Guomai security.