Zhejiang HISUN's market value is the price at which a share of Zhejiang HISUN trades on a public exchange. It measures the collective expectations of Zhejiang HISUN Biomaterials investors about its performance. Zhejiang HISUN is trading at 9.56 as of the 19th of January 2025, a 0.21% up since the beginning of the trading day. The stock's open price was 9.54. With this module, you can estimate the performance of a buy and hold strategy of Zhejiang HISUN Biomaterials and determine expected loss or profit from investing in Zhejiang HISUN over a given investment horizon. Check out Zhejiang HISUN Correlation, Zhejiang HISUN Volatility and Zhejiang HISUN Alpha and Beta module to complement your research on Zhejiang HISUN.
Please note, there is a significant difference between Zhejiang HISUN's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhejiang HISUN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhejiang HISUN'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.
Zhejiang HISUN '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 Zhejiang HISUN'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 Zhejiang HISUN.
0.00
12/20/2024
No Change 0.00
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In 30 days
01/19/2025
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If you would invest 0.00 in Zhejiang HISUN on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang HISUN Biomaterials or generate 0.0% return on investment in Zhejiang HISUN over 30 days. Zhejiang HISUN is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Zhejiang HISUN is entity of China. It is traded as Stock on SHG exchange. More
Zhejiang HISUN 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 Zhejiang HISUN'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 Zhejiang HISUN Biomaterials 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 Zhejiang HISUN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang HISUN's standard deviation. In reality, there are many statistical measures that can use Zhejiang HISUN historical prices to predict the future Zhejiang HISUN's volatility.
Zhejiang HISUN Bioma shows Sharpe Ratio of -0.0181, which attests that the company had a -0.0181% return per unit of risk over the last 3 months. Zhejiang HISUN Bioma exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhejiang HISUN's Mean Deviation of 1.6, downside deviation of 2.58, and Market Risk Adjusted Performance of 0.1555 to validate the risk estimate we provide. The firm maintains a market beta of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhejiang HISUN's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhejiang HISUN is expected to be smaller as well. At this point, Zhejiang HISUN Bioma has a negative expected return of -0.0365%. Please make sure to check out Zhejiang HISUN's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Zhejiang HISUN Bioma performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.4
Poor reverse predictability
Zhejiang HISUN Biomaterials has poor reverse predictability. Overlapping area represents the amount of predictability between Zhejiang HISUN time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th 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 Zhejiang HISUN Bioma price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Zhejiang HISUN price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.4
Spearman Rank Test
-0.38
Residual Average
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Price Variance
0.01
Zhejiang HISUN Bioma lagged returns against current returns
Autocorrelation, which is Zhejiang HISUN 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 Zhejiang HISUN's stock expected returns. We can calculate the autocorrelation of Zhejiang HISUN returns to help us make a trade decision. For example, suppose you find that Zhejiang HISUN 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
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Zhejiang HISUN 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 Zhejiang HISUN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang HISUN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang HISUN stock over time.
Current vs Lagged Prices
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Zhejiang HISUN Lagged Returns
When evaluating Zhejiang HISUN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang HISUN stock have on its future price. Zhejiang HISUN 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, Zhejiang HISUN autocorrelation shows the relationship between Zhejiang HISUN stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang HISUN Biomaterials.
Zhejiang HISUN financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang HISUN security.