Zhejiang Huayou (China) Market Value
| 603799 Stock | 29.93 0.22 0.74% |
| Symbol | Zhejiang |
Zhejiang Huayou '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 Zhejiang Huayou'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 Zhejiang Huayou.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Zhejiang Huayou on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Zhejiang Huayou Cobalt or generate 0.0% return on investment in Zhejiang Huayou over 720 days. Zhejiang Huayou is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Zhejiang Huayou is entity of China. It is traded as Stock on SHG exchange. More
Zhejiang Huayou 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 Zhejiang Huayou'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 Zhejiang Huayou Cobalt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.1307 | |||
| Maximum Drawdown | 17.52 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 7.21 |
Zhejiang Huayou Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Huayou's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Huayou's standard deviation. In reality, there are many statistical measures that can use Zhejiang Huayou historical prices to predict the future Zhejiang Huayou's volatility.| Risk Adjusted Performance | 0.1232 | |||
| Jensen Alpha | 0.5229 | |||
| Total Risk Alpha | 0.3197 | |||
| Sortino Ratio | 0.1851 | |||
| Treynor Ratio | (4.10) |
Zhejiang Huayou Cobalt Backtested Returns
At this point, Zhejiang Huayou is very steady. Zhejiang Huayou Cobalt shows Sharpe Ratio of 0.0231, which attests that the company had a 0.0231% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhejiang Huayou Cobalt, which you can use to evaluate the volatility of the company. Please check out Zhejiang Huayou's Mean Deviation of 2.67, downside deviation of 2.56, and Market Risk Adjusted Performance of (4.09) to validate if the risk estimate we provide is consistent with the expected return of 0.0752%. Zhejiang Huayou has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zhejiang Huayou are expected to decrease at a much lower rate. During the bear market, Zhejiang Huayou is likely to outperform the market. Zhejiang Huayou Cobalt right now maintains a risk of 3.25%. Please check out Zhejiang Huayou Cobalt semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Zhejiang Huayou Cobalt will be following its historical returns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Zhejiang Huayou Cobalt has insignificant reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Huayou time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Zhejiang Huayou Cobalt price movement. The serial correlation of -0.19 indicates that over 19.0% of current Zhejiang Huayou price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 15.21 |
Zhejiang Huayou Cobalt lagged returns against current returns
Autocorrelation, which is Zhejiang Huayou 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 Zhejiang Huayou's stock expected returns. We can calculate the autocorrelation of Zhejiang Huayou returns to help us make a trade decision. For example, suppose you find that Zhejiang Huayou 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 |
Zhejiang Huayou 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 Zhejiang Huayou stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Huayou stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Huayou stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Huayou Lagged Returns
When evaluating Zhejiang Huayou's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Huayou stock have on its future price. Zhejiang Huayou 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, Zhejiang Huayou autocorrelation shows the relationship between Zhejiang Huayou stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Huayou Cobalt.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhejiang Stock
Zhejiang Huayou financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Huayou security.