Hygon Information (China) Market Value
| 688041 Stock | 121.81 1.61 1.30% |
| Symbol | Hygon |
Hygon Information '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 Hygon Information'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 Hygon Information.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Hygon Information on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Hygon Information Technology or generate 0.0% return on investment in Hygon Information over 180 days. Hygon Information is related to or competes with Industrial, China Construction, Bank of China, Agricultural Bank, PetroChina, China Mobile, and Ping An. Hygon Information is entity of China. It is traded as Stock on SHG exchange. More
Hygon Information 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 Hygon Information'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 Hygon Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.21 | |||
| Information Ratio | 0.1562 | |||
| Maximum Drawdown | 26.94 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 6.43 |
Hygon Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hygon Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hygon Information's standard deviation. In reality, there are many statistical measures that can use Hygon Information historical prices to predict the future Hygon Information's volatility.| Risk Adjusted Performance | 0.1319 | |||
| Jensen Alpha | 0.775 | |||
| Total Risk Alpha | 0.4269 | |||
| Sortino Ratio | 0.2349 | |||
| Treynor Ratio | 1.31 |
Hygon Information Backtested Returns
Hygon Information appears to be very steady, given 3 months investment horizon. Hygon Information holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. By evaluating Hygon Information's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please utilize Hygon Information's Risk Adjusted Performance of 0.1319, downside deviation of 3.21, and Market Risk Adjusted Performance of 1.32 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hygon Information holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hygon Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hygon Information is expected to be smaller as well. Please check Hygon Information's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Hygon Information's current trending patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Hygon Information Technology has below average predictability. Overlapping area represents the amount of predictability between Hygon Information time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Hygon Information price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Hygon Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 266.76 |
Hygon Information lagged returns against current returns
Autocorrelation, which is Hygon Information 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 Hygon Information's stock expected returns. We can calculate the autocorrelation of Hygon Information returns to help us make a trade decision. For example, suppose you find that Hygon Information 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 |
Hygon Information 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 Hygon Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hygon Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hygon Information stock over time.
Current vs Lagged Prices |
| Timeline |
Hygon Information Lagged Returns
When evaluating Hygon Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hygon Information stock have on its future price. Hygon Information 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, Hygon Information autocorrelation shows the relationship between Hygon Information stock current value and its past values and can show if there is a momentum factor associated with investing in Hygon Information Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hygon Stock
Hygon Information financial ratios help investors to determine whether Hygon 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 Hygon with respect to the benefits of owning Hygon Information security.