Shenzhen Centralcon (China) Market Value
| 000042 Stock | 5.32 0.13 2.50% |
| Symbol | Shenzhen |
Shenzhen Centralcon '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 Centralcon'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 Centralcon.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Shenzhen Centralcon on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Centralcon Investment or generate 0.0% return on investment in Shenzhen Centralcon over 30 days. Shenzhen Centralcon is related to or competes with Kweichow Moutai, Contemporary Amperex, G-bits Network, BYD Co, Beijing Roborock, Anhui Gujing, and NAURA Technology. Shenzhen Centralcon is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Centralcon 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 Centralcon'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 Centralcon Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | 0.134 | |||
| Maximum Drawdown | 20.06 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 7.6 |
Shenzhen Centralcon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Centralcon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Centralcon's standard deviation. In reality, there are many statistical measures that can use Shenzhen Centralcon historical prices to predict the future Shenzhen Centralcon's volatility.| Risk Adjusted Performance | 0.1376 | |||
| Jensen Alpha | 0.5552 | |||
| Total Risk Alpha | 0.0566 | |||
| Sortino Ratio | 0.1341 | |||
| Treynor Ratio | 1.92 |
Shenzhen Centralcon Backtested Returns
Shenzhen Centralcon appears to be moderately volatile, given 3 months investment horizon. Shenzhen Centralcon owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. By inspecting Shenzhen Centralcon's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please review Shenzhen Centralcon's Coefficient Of Variation of 590.48, risk adjusted performance of 0.1376, and Semi Deviation of 2.91 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Centralcon holds a performance score of 15. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shenzhen Centralcon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Centralcon is expected to be smaller as well. Please check Shenzhen Centralcon's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen Centralcon's existing price patterns will revert.
Auto-correlation | 0.26 |
Poor predictability
Shenzhen Centralcon Investment has poor predictability. Overlapping area represents the amount of predictability between Shenzhen Centralcon time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Centralcon price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Shenzhen Centralcon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Shenzhen Centralcon lagged returns against current returns
Autocorrelation, which is Shenzhen Centralcon 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 Centralcon's stock expected returns. We can calculate the autocorrelation of Shenzhen Centralcon returns to help us make a trade decision. For example, suppose you find that Shenzhen Centralcon 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 Centralcon 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 Centralcon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Centralcon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Centralcon stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Centralcon Lagged Returns
When evaluating Shenzhen Centralcon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Centralcon stock have on its future price. Shenzhen Centralcon 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 Centralcon autocorrelation shows the relationship between Shenzhen Centralcon stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Centralcon Investment.
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.Other Information on Investing in Shenzhen Stock
Shenzhen Centralcon 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 Centralcon security.