Shanxi Tond (China) Market Value
| 002360 Stock | 4.92 0.10 1.99% |
| Symbol | Shanxi |
Shanxi Tond '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 Shanxi Tond'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 Shanxi Tond.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Shanxi Tond on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Shanxi Tond Chemical or generate 0.0% return on investment in Shanxi Tond over 30 days. Shanxi Tond is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Shanxi Tond is entity of China. It is traded as Stock on SHE exchange. More
Shanxi Tond 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 Shanxi Tond'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 Shanxi Tond Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.0811 | |||
| Maximum Drawdown | 18.06 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 4.46 |
Shanxi Tond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanxi Tond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanxi Tond's standard deviation. In reality, there are many statistical measures that can use Shanxi Tond historical prices to predict the future Shanxi Tond's volatility.| Risk Adjusted Performance | 0.0868 | |||
| Jensen Alpha | 0.2621 | |||
| Total Risk Alpha | 0.1168 | |||
| Sortino Ratio | 0.0814 | |||
| Treynor Ratio | 2.14 |
Shanxi Tond Chemical Backtested Returns
Shanxi Tond Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0212, which indicates the firm had a -0.0212% return per unit of risk over the last 3 months. Shanxi Tond Chemical exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shanxi Tond's Risk Adjusted Performance of 0.0868, semi deviation of 2.36, and Coefficient Of Variation of 996.48 to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanxi Tond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanxi Tond is expected to be smaller as well. At this point, Shanxi Tond Chemical has a negative expected return of -0.053%. Please make sure to validate Shanxi Tond's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Shanxi Tond Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Shanxi Tond Chemical has poor reverse predictability. Overlapping area represents the amount of predictability between Shanxi Tond time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Shanxi Tond Chemical price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Shanxi Tond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Shanxi Tond Chemical lagged returns against current returns
Autocorrelation, which is Shanxi Tond 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 Shanxi Tond's stock expected returns. We can calculate the autocorrelation of Shanxi Tond returns to help us make a trade decision. For example, suppose you find that Shanxi Tond 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 |
Shanxi Tond 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 Shanxi Tond stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanxi Tond stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanxi Tond stock over time.
Current vs Lagged Prices |
| Timeline |
Shanxi Tond Lagged Returns
When evaluating Shanxi Tond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanxi Tond stock have on its future price. Shanxi Tond 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, Shanxi Tond autocorrelation shows the relationship between Shanxi Tond stock current value and its past values and can show if there is a momentum factor associated with investing in Shanxi Tond Chemical.
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 Shanxi Stock
Shanxi Tond financial ratios help investors to determine whether Shanxi 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 Shanxi with respect to the benefits of owning Shanxi Tond security.