Railway Signal (China) Market Value
| 688009 Stock | 6.30 0.03 0.48% |
| Symbol | Railway |
Railway Signal '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 Railway Signal'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 Railway Signal.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in Railway Signal on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Railway Signal Communication or generate 0.0% return on investment in Railway Signal over 720 days. Railway Signal is related to or competes with Kweichow Moutai, Shenzhen Mindray, Jiangsu Pacific, G Bits, Shenzhen Transsion, Beijing Roborock, and Luzhou Lao. Railway Signal is entity of China. It is traded as Stock on SHG exchange. More
Railway Signal 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 Railway Signal'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 Railway Signal Communication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.123 | |||
| Maximum Drawdown | 24.74 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 3.86 |
Railway Signal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Railway Signal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Railway Signal's standard deviation. In reality, there are many statistical measures that can use Railway Signal historical prices to predict the future Railway Signal's volatility.| Risk Adjusted Performance | 0.113 | |||
| Jensen Alpha | 0.4315 | |||
| Total Risk Alpha | 0.3326 | |||
| Sortino Ratio | 0.1488 | |||
| Treynor Ratio | (4.11) |
Railway Signal Commu Backtested Returns
Railway Signal appears to be slightly risky, given 3 months investment horizon. Railway Signal Commu maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Railway Signal Commu, which you can use to evaluate the volatility of the company. Please evaluate Railway Signal's Semi Deviation of 2.16, coefficient of variation of 751.48, and Risk Adjusted Performance of 0.113 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Railway Signal holds a performance score of 8. The company holds a Beta of -0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Railway Signal are expected to decrease at a much lower rate. During the bear market, Railway Signal is likely to outperform the market. Please check Railway Signal's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Railway Signal's historical price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Railway Signal Communication has no correlation between past and present. Overlapping area represents the amount of predictability between Railway Signal time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 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 Railway Signal Commu price movement. The serial correlation of 0.0 indicates that just 0.0% of current Railway Signal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Railway Signal Commu lagged returns against current returns
Autocorrelation, which is Railway Signal 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 Railway Signal's stock expected returns. We can calculate the autocorrelation of Railway Signal returns to help us make a trade decision. For example, suppose you find that Railway Signal 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 |
Railway Signal 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 Railway Signal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Railway Signal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Railway Signal stock over time.
Current vs Lagged Prices |
| Timeline |
Railway Signal Lagged Returns
When evaluating Railway Signal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Railway Signal stock have on its future price. Railway Signal 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, Railway Signal autocorrelation shows the relationship between Railway Signal stock current value and its past values and can show if there is a momentum factor associated with investing in Railway Signal Communication.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Railway Stock
Railway Signal financial ratios help investors to determine whether Railway 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 Railway with respect to the benefits of owning Railway Signal security.