Heilongjiang Publishing (China) Market Value
| 605577 Stock | 16.40 0.62 3.64% |
| Symbol | Heilongjiang |
Heilongjiang Publishing '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 Heilongjiang Publishing'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 Heilongjiang Publishing.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Heilongjiang Publishing on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Heilongjiang Publishing Media or generate 0.0% return on investment in Heilongjiang Publishing over 30 days. Heilongjiang Publishing is related to or competes with Jonjee Hi, Wuhan Yangtze, Suzhou Mingzhi, ButOne Information, State Grid, and Jiangxi Hengda. Heilongjiang Publishing is entity of China More
Heilongjiang Publishing 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 Heilongjiang Publishing'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 Heilongjiang Publishing Media upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | 0.097 | |||
| Maximum Drawdown | 18.18 | |||
| Value At Risk | (5.09) | |||
| Potential Upside | 4.29 |
Heilongjiang Publishing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heilongjiang Publishing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heilongjiang Publishing's standard deviation. In reality, there are many statistical measures that can use Heilongjiang Publishing historical prices to predict the future Heilongjiang Publishing's volatility.| Risk Adjusted Performance | 0.1072 | |||
| Jensen Alpha | 0.4511 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0985 | |||
| Treynor Ratio | (2.37) |
Heilongjiang Publishing Backtested Returns
Heilongjiang Publishing appears to be somewhat reliable, given 3 months investment horizon. Heilongjiang Publishing 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. By evaluating Heilongjiang Publishing's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Heilongjiang Publishing's Risk Adjusted Performance of 0.1072, downside deviation of 3.34, and Market Risk Adjusted Performance of (2.36) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Heilongjiang Publishing holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Heilongjiang Publishing are expected to decrease at a much lower rate. During the bear market, Heilongjiang Publishing is likely to outperform the market. Please check Heilongjiang Publishing's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Heilongjiang Publishing's current trending patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Heilongjiang Publishing Media has good reverse predictability. Overlapping area represents the amount of predictability between Heilongjiang Publishing time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Heilongjiang Publishing price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Heilongjiang Publishing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Heilongjiang Publishing lagged returns against current returns
Autocorrelation, which is Heilongjiang Publishing 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 Heilongjiang Publishing's stock expected returns. We can calculate the autocorrelation of Heilongjiang Publishing returns to help us make a trade decision. For example, suppose you find that Heilongjiang Publishing 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 |
Heilongjiang Publishing 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 Heilongjiang Publishing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heilongjiang Publishing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heilongjiang Publishing stock over time.
Current vs Lagged Prices |
| Timeline |
Heilongjiang Publishing Lagged Returns
When evaluating Heilongjiang Publishing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heilongjiang Publishing stock have on its future price. Heilongjiang Publishing 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, Heilongjiang Publishing autocorrelation shows the relationship between Heilongjiang Publishing stock current value and its past values and can show if there is a momentum factor associated with investing in Heilongjiang Publishing Media.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Heilongjiang Stock
Heilongjiang Publishing financial ratios help investors to determine whether Heilongjiang 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 Heilongjiang with respect to the benefits of owning Heilongjiang Publishing security.