Sportsoul (China) Market Value
| 001300 Stock | 14.63 0.53 3.76% |
| Symbol | Sportsoul |
Sportsoul '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 Sportsoul'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 Sportsoul.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sportsoul on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sportsoul Co Ltd or generate 0.0% return on investment in Sportsoul over 30 days. Sportsoul is related to or competes with Shandong Publishing, Dalian Zeus, Chengdu B, JiShi Media, Southern PublishingMedia, and Chinese Universe. Sportsoul is entity of China. It is traded as Stock on SHE exchange. More
Sportsoul 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 Sportsoul'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 Sportsoul Co Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | 0.1581 | |||
| Maximum Drawdown | 19.19 | |||
| Value At Risk | (4.16) | |||
| Potential Upside | 6.23 |
Sportsoul Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sportsoul's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sportsoul's standard deviation. In reality, there are many statistical measures that can use Sportsoul historical prices to predict the future Sportsoul's volatility.| Risk Adjusted Performance | 0.1577 | |||
| Jensen Alpha | 0.6364 | |||
| Total Risk Alpha | 0.1403 | |||
| Sortino Ratio | 0.1724 | |||
| Treynor Ratio | 18.72 |
Sportsoul Backtested Returns
Sportsoul appears to be somewhat reliable, given 3 months investment horizon. Sportsoul owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. By inspecting Sportsoul's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please review Sportsoul's Coefficient Of Variation of 510.7, semi deviation of 2.58, and Risk Adjusted Performance of 0.1577 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sportsoul holds a performance score of 17. The entity has a beta of 0.0342, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sportsoul's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sportsoul is expected to be smaller as well. Please check Sportsoul's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sportsoul's existing price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Sportsoul Co Ltd has very good predictability. Overlapping area represents the amount of predictability between Sportsoul 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 Sportsoul price movement. The serial correlation of 0.81 indicates that around 81.0% of current Sportsoul price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Sportsoul lagged returns against current returns
Autocorrelation, which is Sportsoul 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 Sportsoul's stock expected returns. We can calculate the autocorrelation of Sportsoul returns to help us make a trade decision. For example, suppose you find that Sportsoul 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 |
Sportsoul 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 Sportsoul stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sportsoul stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sportsoul stock over time.
Current vs Lagged Prices |
| Timeline |
Sportsoul Lagged Returns
When evaluating Sportsoul's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sportsoul stock have on its future price. Sportsoul 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, Sportsoul autocorrelation shows the relationship between Sportsoul stock current value and its past values and can show if there is a momentum factor associated with investing in Sportsoul Co Ltd.
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 Sportsoul Stock
Sportsoul financial ratios help investors to determine whether Sportsoul 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 Sportsoul with respect to the benefits of owning Sportsoul security.