Western Superconducting (China) Market Value

688122 Stock   43.27  0.56  1.28%   
Western Superconducting's market value is the price at which a share of Western Superconducting trades on a public exchange. It measures the collective expectations of Western Superconducting Tech investors about its performance. Western Superconducting is trading at 43.27 as of the 24th of December 2024, a 1.28 percent decrease since the beginning of the trading day. The stock's open price was 43.83.
With this module, you can estimate the performance of a buy and hold strategy of Western Superconducting Tech and determine expected loss or profit from investing in Western Superconducting over a given investment horizon. Check out Western Superconducting Correlation, Western Superconducting Volatility and Western Superconducting Alpha and Beta module to complement your research on Western Superconducting.
Symbol

Please note, there is a significant difference between Western Superconducting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Superconducting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Superconducting's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Western Superconducting '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 Western Superconducting'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 Western Superconducting.
0.00
11/24/2024
No Change 0.00  0.0 
In 30 days
12/24/2024
0.00
If you would invest  0.00  in Western Superconducting on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Western Superconducting Tech or generate 0.0% return on investment in Western Superconducting over 30 days. Western Superconducting is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. Western Superconducting is entity of China More

Western Superconducting 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 Western Superconducting'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 Western Superconducting Tech upside and downside potential and time the market with a certain degree of confidence.

Western Superconducting Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Superconducting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Superconducting's standard deviation. In reality, there are many statistical measures that can use Western Superconducting historical prices to predict the future Western Superconducting's volatility.
Hype
Prediction
LowEstimatedHigh
38.9243.1547.38
Details
Intrinsic
Valuation
LowRealHigh
32.1336.3647.60
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.340.380.43
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Western Superconducting. Your research has to be compared to or analyzed against Western Superconducting's peers to derive any actionable benefits. When done correctly, Western Superconducting's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Western Superconducting.

Western Superconducting Backtested Returns

Western Superconducting appears to be not too volatile, given 3 months investment horizon. Western Superconducting shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Western Superconducting, which you can use to evaluate the volatility of the company. Please utilize Western Superconducting's Mean Deviation of 2.52, downside deviation of 2.96, and Market Risk Adjusted Performance of (0.76) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Western Superconducting holds a performance score of 8. The firm maintains a market beta of -0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Western Superconducting are expected to decrease at a much lower rate. During the bear market, Western Superconducting is likely to outperform the market. Please check Western Superconducting's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Western Superconducting's historical returns will revert.

Auto-correlation

    
  0.16  

Very weak predictability

Western Superconducting Tech has very weak predictability. Overlapping area represents the amount of predictability between Western Superconducting time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Western Superconducting price movement. The serial correlation of 0.16 indicates that over 16.0% of current Western Superconducting price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test0.25
Residual Average0.0
Price Variance0.69
Western ReturnsWestern Lagged ReturnsDiversified AwayWestern ReturnsWestern Lagged ReturnsDiversified Away100%

Western Superconducting lagged returns against current returns

Autocorrelation, which is Western Superconducting 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 Western Superconducting's stock expected returns. We can calculate the autocorrelation of Western Superconducting returns to help us make a trade decision. For example, suppose you find that Western Superconducting 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   
JavaScript chart by amCharts 3.21.15Dec 09Dec 11Dec 13Dec 15Dec 17Dec 19Dec 21Dec 23-2%-1%0%1%2%3%4% 101001K
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

Western Superconducting 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 Western Superconducting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Superconducting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Superconducting stock over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Dec 09Dec 11Dec 13Dec 15Dec 17Dec 19Dec 21Dec 2343.443.643.844.044.244.444.644.845.045.2
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

Western Superconducting Lagged Returns

When evaluating Western Superconducting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Superconducting stock have on its future price. Western Superconducting 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, Western Superconducting autocorrelation shows the relationship between Western Superconducting stock current value and its past values and can show if there is a momentum factor associated with investing in Western Superconducting Tech.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Nov 25Nov 29DecDec 07Dec 11Dec 15Dec 19Dec 2343.544.044.545.045.546.0
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Western Stock

Western Superconducting financial ratios help investors to determine whether Western 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 Western with respect to the benefits of owning Western Superconducting security.

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