3onedata (China) Market Value
| 688618 Stock | 24.41 0.04 0.16% |
| Symbol | 3onedata |
3onedata '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 3onedata'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 3onedata.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in 3onedata on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding 3onedata Co Ltd or generate 0.0% return on investment in 3onedata over 90 days. 3onedata is related to or competes with Nanxing Furniture, Fangda Special, Changjiang Jinggong, Wangneng Environment, Jiangxi JDL, Shantui Construction, and GreenTech Environmental. More
3onedata 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 3onedata'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 3onedata Co Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.1062 | |||
| Maximum Drawdown | 13.61 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 4.64 |
3onedata Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 3onedata's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 3onedata's standard deviation. In reality, there are many statistical measures that can use 3onedata historical prices to predict the future 3onedata's volatility.| Risk Adjusted Performance | 0.0692 | |||
| Jensen Alpha | 0.2211 | |||
| Total Risk Alpha | 0.5514 | |||
| Sortino Ratio | 0.1089 | |||
| Treynor Ratio | 0.7809 |
3onedata Backtested Returns
3onedata appears to be not too volatile, given 3 months investment horizon. 3onedata secures Sharpe Ratio (or Efficiency) of 0.0715, which signifies that the company had a 0.0715 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for 3onedata Co Ltd, which you can use to evaluate the volatility of the firm. Please makes use of 3onedata's risk adjusted performance of 0.0692, and Mean Deviation of 2.24 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, 3onedata holds a performance score of 5. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 3onedata's returns are expected to increase less than the market. However, during the bear market, the loss of holding 3onedata is expected to be smaller as well. Please check 3onedata's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether 3onedata's price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
3onedata Co Ltd has poor reverse predictability. Overlapping area represents the amount of predictability between 3onedata time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 3onedata price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current 3onedata price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.86 |
3onedata lagged returns against current returns
Autocorrelation, which is 3onedata 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 3onedata's stock expected returns. We can calculate the autocorrelation of 3onedata returns to help us make a trade decision. For example, suppose you find that 3onedata 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 |
3onedata 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 3onedata stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 3onedata stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 3onedata stock over time.
Current vs Lagged Prices |
| Timeline |
3onedata Lagged Returns
When evaluating 3onedata's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 3onedata stock have on its future price. 3onedata 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, 3onedata autocorrelation shows the relationship between 3onedata stock current value and its past values and can show if there is a momentum factor associated with investing in 3onedata Co Ltd.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 3onedata Stock
3onedata financial ratios help investors to determine whether 3onedata 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 3onedata with respect to the benefits of owning 3onedata security.