Zhejiang Expressway Co Stock Market Value
| ZHEXF Stock | USD 0.63 0.04 5.97% |
| Symbol | Zhejiang |
Zhejiang Expressway '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 Expressway's pink sheet 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 Expressway.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Zhejiang Expressway on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Expressway Co or generate 0.0% return on investment in Zhejiang Expressway over 30 days. Zhejiang Expressway is related to or competes with Verra Mobility, HUMANA, Barloworld, Thrivent High, Morningstar Unconstrained, High Yield, and Via Renewables. Zhejiang Expressway Co., Ltd., an investment holding company, invests, develops, operates, maintains, and manages roads ... More
Zhejiang Expressway 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 Expressway's pink sheet 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 Expressway Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.41 | |||
| Value At Risk | (5.97) | |||
| Potential Upside | 4.76 |
Zhejiang Expressway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Expressway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Expressway's standard deviation. In reality, there are many statistical measures that can use Zhejiang Expressway historical prices to predict the future Zhejiang Expressway's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.80) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zhejiang Expressway's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Zhejiang Expressway Backtested Returns
Zhejiang Expressway shows Sharpe Ratio of -0.0648, which attests that the company had a -0.0648% return per unit of risk over the last 3 months. Zhejiang Expressway exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhejiang Expressway's Market Risk Adjusted Performance of (0.79), standard deviation of 2.94, and Mean Deviation of 1.57 to validate the risk estimate we provide. The firm maintains a market beta of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhejiang Expressway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhejiang Expressway is expected to be smaller as well. Zhejiang Expressway has an expected return of -0.19%. Please make sure to check out Zhejiang Expressway maximum drawdown, as well as the relationship between the rate of daily change and relative strength index , to decide if Zhejiang Expressway performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Zhejiang Expressway Co has good reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Expressway time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Zhejiang Expressway price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Zhejiang Expressway price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zhejiang Expressway lagged returns against current returns
Autocorrelation, which is Zhejiang Expressway pink sheet'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 Expressway's pink sheet expected returns. We can calculate the autocorrelation of Zhejiang Expressway returns to help us make a trade decision. For example, suppose you find that Zhejiang Expressway has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Zhejiang Expressway 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 Expressway pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Expressway pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Expressway pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Expressway Lagged Returns
When evaluating Zhejiang Expressway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Expressway pink sheet have on its future price. Zhejiang Expressway 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 Expressway autocorrelation shows the relationship between Zhejiang Expressway pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Expressway Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Zhejiang Expressway Correlation, Zhejiang Expressway Volatility and Zhejiang Expressway Alpha and Beta module to complement your research on Zhejiang Expressway. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Zhejiang Pink Sheet analysis
When running Zhejiang Expressway's price analysis, check to measure Zhejiang Expressway's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zhejiang Expressway is operating at the current time. Most of Zhejiang Expressway's value examination focuses on studying past and present price action to predict the probability of Zhejiang Expressway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zhejiang Expressway's price. Additionally, you may evaluate how the addition of Zhejiang Expressway to your portfolios can decrease your overall portfolio volatility.
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Zhejiang Expressway technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.