Eastroc Beverage (China) Market Value
| 605499 Stock | 242.50 18.55 8.28% |
| Symbol | Eastroc |
Eastroc Beverage '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 Eastroc Beverage'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 Eastroc Beverage.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Eastroc Beverage on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Eastroc Beverage Group or generate 0.0% return on investment in Eastroc Beverage over 360 days. Eastroc Beverage is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Eastroc Beverage is entity of China. It is traded as Stock on SHG exchange. More
Eastroc Beverage 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 Eastroc Beverage'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 Eastroc Beverage Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.1451 | |||
| Maximum Drawdown | 14.01 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 4.23 |
Eastroc Beverage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastroc Beverage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastroc Beverage's standard deviation. In reality, there are many statistical measures that can use Eastroc Beverage historical prices to predict the future Eastroc Beverage's volatility.| Risk Adjusted Performance | 0.1497 | |||
| Jensen Alpha | 0.4249 | |||
| Total Risk Alpha | 0.0827 | |||
| Sortino Ratio | 0.1948 | |||
| Treynor Ratio | 1.6 |
Eastroc Beverage Backtested Returns
Eastroc Beverage appears to be very steady, given 3 months investment horizon. Eastroc Beverage secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the company had a 0.26% return per unit of risk over the last 3 months. By reviewing Eastroc Beverage's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Eastroc Beverage's Coefficient Of Variation of 505.93, downside deviation of 1.76, and Mean Deviation of 1.64 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eastroc Beverage holds a performance score of 20. The firm shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Eastroc Beverage's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastroc Beverage is expected to be smaller as well. Please check Eastroc Beverage's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Eastroc Beverage's price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Eastroc Beverage Group has very good predictability. Overlapping area represents the amount of predictability between Eastroc Beverage time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Eastroc Beverage price movement. The serial correlation of 0.81 indicates that around 81.0% of current Eastroc Beverage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 489.14 |
Eastroc Beverage lagged returns against current returns
Autocorrelation, which is Eastroc Beverage 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 Eastroc Beverage's stock expected returns. We can calculate the autocorrelation of Eastroc Beverage returns to help us make a trade decision. For example, suppose you find that Eastroc Beverage 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 |
Eastroc Beverage 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 Eastroc Beverage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastroc Beverage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastroc Beverage stock over time.
Current vs Lagged Prices |
| Timeline |
Eastroc Beverage Lagged Returns
When evaluating Eastroc Beverage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastroc Beverage stock have on its future price. Eastroc Beverage 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, Eastroc Beverage autocorrelation shows the relationship between Eastroc Beverage stock current value and its past values and can show if there is a momentum factor associated with investing in Eastroc Beverage Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eastroc Stock
Eastroc Beverage financial ratios help investors to determine whether Eastroc 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 Eastroc with respect to the benefits of owning Eastroc Beverage security.