Sinosteel Engineering (China) Market Value
| 000928 Stock | 7.10 0.21 3.05% |
| Symbol | Sinosteel |
Sinosteel Engineering '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 Sinosteel Engineering'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 Sinosteel Engineering.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Sinosteel Engineering on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Sinosteel Engineering and or generate 0.0% return on investment in Sinosteel Engineering over 240 days. Sinosteel Engineering is related to or competes with Southern PublishingMedia, Shandong Publishing, Qtone Education, Heilongjiang Publishing, China Railway, and Guangzhou Tinci. Sinosteel Engineering is entity of China More
Sinosteel Engineering 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 Sinosteel Engineering'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 Sinosteel Engineering and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.1229 | |||
| Maximum Drawdown | 18.99 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 4.73 |
Sinosteel Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinosteel Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinosteel Engineering's standard deviation. In reality, there are many statistical measures that can use Sinosteel Engineering historical prices to predict the future Sinosteel Engineering's volatility.| Risk Adjusted Performance | 0.1411 | |||
| Jensen Alpha | 0.4138 | |||
| Total Risk Alpha | 0.0119 | |||
| Sortino Ratio | 0.1181 | |||
| Treynor Ratio | 1.55 |
Sinosteel Engineering and Backtested Returns
Sinosteel Engineering appears to be slightly risky, given 3 months investment horizon. Sinosteel Engineering and owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting Sinosteel Engineering's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please review Sinosteel Engineering's Coefficient Of Variation of 570.65, risk adjusted performance of 0.1411, and Semi Deviation of 2.05 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinosteel Engineering holds a performance score of 14. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sinosteel Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sinosteel Engineering is expected to be smaller as well. Please check Sinosteel Engineering's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Sinosteel Engineering's existing price patterns will revert.
Auto-correlation | -0.89 |
Excellent reverse predictability
Sinosteel Engineering and has excellent reverse predictability. Overlapping area represents the amount of predictability between Sinosteel Engineering time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd 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 Sinosteel Engineering and price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Sinosteel Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Sinosteel Engineering and lagged returns against current returns
Autocorrelation, which is Sinosteel Engineering 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 Sinosteel Engineering's stock expected returns. We can calculate the autocorrelation of Sinosteel Engineering returns to help us make a trade decision. For example, suppose you find that Sinosteel Engineering 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 |
Sinosteel Engineering 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 Sinosteel Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinosteel Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinosteel Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Sinosteel Engineering Lagged Returns
When evaluating Sinosteel Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinosteel Engineering stock have on its future price. Sinosteel Engineering 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, Sinosteel Engineering autocorrelation shows the relationship between Sinosteel Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Sinosteel Engineering and.
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 Sinosteel Stock
Sinosteel Engineering financial ratios help investors to determine whether Sinosteel 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 Sinosteel with respect to the benefits of owning Sinosteel Engineering security.