DingZing Advanced (Taiwan) Market Value
| 6585 Stock | 144.00 1.00 0.69% |
| Symbol | DingZing |
DingZing Advanced '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 DingZing Advanced'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 DingZing Advanced.
| 12/03/2023 |
| 12/27/2024 |
If you would invest 0.00 in DingZing Advanced on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding DingZing Advanced Materials or generate 0.0% return on investment in DingZing Advanced over 390 days. DingZing Advanced is related to or competes with Nan Ya, China Petrochemical, Eternal Materials, TSRC Corp, Nantex Industry, International CSRC, and Nan Pao. More
DingZing Advanced 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 DingZing Advanced'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 DingZing Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.43 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 3.94 |
DingZing Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DingZing Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DingZing Advanced's standard deviation. In reality, there are many statistical measures that can use DingZing Advanced historical prices to predict the future DingZing Advanced's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.6497 |
DingZing Advanced Backtested Returns
DingZing Advanced secures Sharpe Ratio (or Efficiency) of -0.068, which denotes the company had a -0.068% return per unit of risk over the last 3 months. DingZing Advanced Materials exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DingZing Advanced's Standard Deviation of 2.51, variance of 6.31, and Mean Deviation of 1.87 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DingZing Advanced are expected to decrease at a much lower rate. During the bear market, DingZing Advanced is likely to outperform the market. At this point, DingZing Advanced has a negative expected return of -0.17%. Please make sure to confirm DingZing Advanced's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if DingZing Advanced performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
DingZing Advanced Materials has excellent reverse predictability. Overlapping area represents the amount of predictability between DingZing Advanced time series from 3rd of December 2023 to 15th of June 2024 and 15th of June 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 DingZing Advanced price movement. The serial correlation of -0.83 indicates that around 83.0% of current DingZing Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 417.7 |
DingZing Advanced lagged returns against current returns
Autocorrelation, which is DingZing Advanced 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 DingZing Advanced's stock expected returns. We can calculate the autocorrelation of DingZing Advanced returns to help us make a trade decision. For example, suppose you find that DingZing Advanced 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 |
DingZing Advanced 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 DingZing Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DingZing Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DingZing Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
DingZing Advanced Lagged Returns
When evaluating DingZing Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DingZing Advanced stock have on its future price. DingZing Advanced 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, DingZing Advanced autocorrelation shows the relationship between DingZing Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in DingZing Advanced Materials.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for DingZing Stock Analysis
When running DingZing Advanced's price analysis, check to measure DingZing Advanced's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DingZing Advanced is operating at the current time. Most of DingZing Advanced's value examination focuses on studying past and present price action to predict the probability of DingZing Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DingZing Advanced's price. Additionally, you may evaluate how the addition of DingZing Advanced to your portfolios can decrease your overall portfolio volatility.