Shenzhen Zhenye (China) Market Value
| 000006 Stock | 8.02 0.28 3.62% |
| Symbol | Shenzhen |
Shenzhen Zhenye '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 Shenzhen Zhenye'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 Shenzhen Zhenye.
| 01/09/2023 |
| 12/29/2024 |
If you would invest 0.00 in Shenzhen Zhenye on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhen Zhenye Group or generate 0.0% return on investment in Shenzhen Zhenye over 720 days. Shenzhen Zhenye is related to or competes with PetroChina, China Mobile, CNOOC, Ping An, China Petroleum, China Telecom, and China State. Shenzhen Zhenye is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Zhenye 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 Shenzhen Zhenye'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 Shenzhen Zhenye Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.16 | |||
| Information Ratio | 0.1839 | |||
| Maximum Drawdown | 20.1 | |||
| Value At Risk | (9.43) | |||
| Potential Upside | 9.98 |
Shenzhen Zhenye Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Zhenye's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Zhenye's standard deviation. In reality, there are many statistical measures that can use Shenzhen Zhenye historical prices to predict the future Shenzhen Zhenye's volatility.| Risk Adjusted Performance | 0.1598 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | 0.8939 | |||
| Sortino Ratio | 0.1992 | |||
| Treynor Ratio | 1.64 |
Shenzhen Zhenye Group Backtested Returns
Shenzhen Zhenye appears to be moderately volatile, given 3 months investment horizon. Shenzhen Zhenye Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Shenzhen Zhenye's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please review Shenzhen Zhenye's Semi Deviation of 4.35, coefficient of variation of 527.28, and Risk Adjusted Performance of 0.1598 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Zhenye holds a performance score of 10. The entity has a beta of 0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shenzhen Zhenye's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Zhenye is expected to be smaller as well. Please check Shenzhen Zhenye's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen Zhenye's existing price patterns will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Shenzhen Zhenye Group has poor reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Zhenye time series from 9th of January 2023 to 4th of January 2024 and 4th of January 2024 to 29th 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 Shenzhen Zhenye Group price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Shenzhen Zhenye price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 3.85 |
Shenzhen Zhenye Group lagged returns against current returns
Autocorrelation, which is Shenzhen Zhenye 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 Shenzhen Zhenye's stock expected returns. We can calculate the autocorrelation of Shenzhen Zhenye returns to help us make a trade decision. For example, suppose you find that Shenzhen Zhenye 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 |
Shenzhen Zhenye 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 Shenzhen Zhenye stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Zhenye stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Zhenye stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Zhenye Lagged Returns
When evaluating Shenzhen Zhenye's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Zhenye stock have on its future price. Shenzhen Zhenye 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, Shenzhen Zhenye autocorrelation shows the relationship between Shenzhen Zhenye stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Zhenye Group.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Shenzhen Stock
Shenzhen Zhenye financial ratios help investors to determine whether Shenzhen 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 Shenzhen with respect to the benefits of owning Shenzhen Zhenye security.