Qingdao Haier's market value is the price at which a share of Qingdao Haier trades on a public exchange. It measures the collective expectations of Qingdao Haier Biomedical investors about its performance. Qingdao Haier is trading at 35.20 as of the 2nd of January 2025, a No Change since the beginning of the trading day. The stock's open price was 35.2. With this module, you can estimate the performance of a buy and hold strategy of Qingdao Haier Biomedical and determine expected loss or profit from investing in Qingdao Haier over a given investment horizon. Check out Qingdao Haier Correlation, Qingdao Haier Volatility and Qingdao Haier Alpha and Beta module to complement your research on Qingdao Haier.
Please note, there is a significant difference between Qingdao Haier's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qingdao Haier is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qingdao Haier'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.
Qingdao Haier '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 Qingdao Haier'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 Qingdao Haier.
0.00
01/13/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/02/2025
0.00
If you would invest 0.00 in Qingdao Haier on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding Qingdao Haier Biomedical or generate 0.0% return on investment in Qingdao Haier over 720 days. Qingdao Haier is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Qingdao Haier is entity of China. It is traded as Stock on SHG exchange. More
Qingdao Haier 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 Qingdao Haier'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 Qingdao Haier Biomedical upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qingdao Haier's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qingdao Haier's standard deviation. In reality, there are many statistical measures that can use Qingdao Haier historical prices to predict the future Qingdao Haier's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Qingdao Haier. Your research has to be compared to or analyzed against Qingdao Haier's peers to derive any actionable benefits. When done correctly, Qingdao Haier'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 Qingdao Haier Biomedical.
Qingdao Haier Biomedical Backtested Returns
Qingdao Haier Biomedical maintains Sharpe Ratio (i.e., Efficiency) of -0.0412, which implies the firm had a -0.0412% return per unit of risk over the last 3 months. Qingdao Haier Biomedical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qingdao Haier's Coefficient Of Variation of 739.76, risk adjusted performance of 0.117, and Semi Deviation of 2.74 to confirm the risk estimate we provide. The company holds a Beta of -0.0657, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qingdao Haier are expected to decrease at a much lower rate. During the bear market, Qingdao Haier is likely to outperform the market. At this point, Qingdao Haier Biomedical has a negative expected return of -0.13%. Please make sure to check Qingdao Haier's information ratio, total risk alpha, and the relationship between the variance and jensen alpha , to decide if Qingdao Haier Biomedical performance from the past will be repeated at some point in the near future.
Auto-correlation
0.14
Insignificant predictability
Qingdao Haier Biomedical has insignificant predictability. Overlapping area represents the amount of predictability between Qingdao Haier time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Qingdao Haier Biomedical price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Qingdao Haier price fluctuation can be explain by its past prices.
Correlation Coefficient
0.14
Spearman Rank Test
-0.03
Residual Average
0.0
Price Variance
16.57
Qingdao Haier Biomedical lagged returns against current returns
Autocorrelation, which is Qingdao Haier 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 Qingdao Haier's stock expected returns. We can calculate the autocorrelation of Qingdao Haier returns to help us make a trade decision. For example, suppose you find that Qingdao Haier 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
Qingdao Haier 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 Qingdao Haier stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qingdao Haier stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qingdao Haier stock over time.
Current vs Lagged Prices
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Qingdao Haier Lagged Returns
When evaluating Qingdao Haier's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qingdao Haier stock have on its future price. Qingdao Haier 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, Qingdao Haier autocorrelation shows the relationship between Qingdao Haier stock current value and its past values and can show if there is a momentum factor associated with investing in Qingdao Haier Biomedical.
Qingdao Haier financial ratios help investors to determine whether Qingdao 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 Qingdao with respect to the benefits of owning Qingdao Haier security.