Henan Lantian (China) Market Value
| 605368 Stock | 10.61 0.10 0.95% |
| Symbol | Henan |
Henan Lantian '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 Henan Lantian'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 Henan Lantian.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Henan Lantian on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Henan Lantian Gas or generate 0.0% return on investment in Henan Lantian over 90 days. Henan Lantian is related to or competes with Queclink Wireless, Beijing Kingsoft, Shanghai Yanpu, Guangzhou Restaurants, Chongqing Shunbo, Tsingtao Brewery, and Guangdong Jingyi. Henan Lantian is entity of China. It is traded as Stock on SHG exchange. More
Henan Lantian 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 Henan Lantian'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 Henan Lantian Gas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0269 | |||
| Maximum Drawdown | 5.28 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.32 |
Henan Lantian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Henan Lantian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Henan Lantian's standard deviation. In reality, there are many statistical measures that can use Henan Lantian historical prices to predict the future Henan Lantian's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | 0.036 | |||
| Treynor Ratio | 0.4934 |
Henan Lantian Gas Backtested Returns
Henan Lantian Gas holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15 % return per unit of risk over the last 3 months. Henan Lantian Gas exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Henan Lantian's Standard Deviation of 0.9535, market risk adjusted performance of 0.5034, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Henan Lantian are expected to decrease at a much lower rate. During the bear market, Henan Lantian is likely to outperform the market. At this point, Henan Lantian Gas has a negative expected return of -0.12%. Please make sure to check out Henan Lantian's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Henan Lantian Gas performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Henan Lantian Gas has modest predictability. Overlapping area represents the amount of predictability between Henan Lantian 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 Henan Lantian Gas price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Henan Lantian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Henan Lantian Gas lagged returns against current returns
Autocorrelation, which is Henan Lantian 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 Henan Lantian's stock expected returns. We can calculate the autocorrelation of Henan Lantian returns to help us make a trade decision. For example, suppose you find that Henan Lantian 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 |
Henan Lantian 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 Henan Lantian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Henan Lantian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Henan Lantian stock over time.
Current vs Lagged Prices |
| Timeline |
Henan Lantian Lagged Returns
When evaluating Henan Lantian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Henan Lantian stock have on its future price. Henan Lantian 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, Henan Lantian autocorrelation shows the relationship between Henan Lantian stock current value and its past values and can show if there is a momentum factor associated with investing in Henan Lantian Gas.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Henan Stock
Henan Lantian financial ratios help investors to determine whether Henan 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 Henan with respect to the benefits of owning Henan Lantian security.