37 Interactive (China) Market Value
| 002555 Stock | 17.09 0.13 0.75% |
| Symbol | 002555 |
37 Interactive '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 37 Interactive'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 37 Interactive.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in 37 Interactive on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding 37 Interactive Entertainment or generate 0.0% return on investment in 37 Interactive over 30 days. 37 Interactive is related to or competes with Jiangxi Selon, Tongyu Communication, Jilin Jlu, Guangdong Shenglu, Strait Innovation, Qinghaihuading Industrial, and Zhongtong Guomai. 37 Interactive is entity of China. It is traded as Stock on SHE exchange. More
37 Interactive 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 37 Interactive'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 37 Interactive Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.1005 | |||
| Maximum Drawdown | 19.97 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 6.04 |
37 Interactive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 37 Interactive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 37 Interactive's standard deviation. In reality, there are many statistical measures that can use 37 Interactive historical prices to predict the future 37 Interactive's volatility.| Risk Adjusted Performance | 0.1026 | |||
| Jensen Alpha | 0.4384 | |||
| Total Risk Alpha | 0.0114 | |||
| Sortino Ratio | 0.1084 | |||
| Treynor Ratio | (2.32) |
37 Interactive Enter Backtested Returns
37 Interactive appears to be not too volatile, given 3 months investment horizon. 37 Interactive Enter retains Efficiency (Sharpe Ratio) of 0.14, which signifies that the company had a 0.14% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for 37 Interactive, which you can use to evaluate the volatility of the entity. Please makes use of 37 Interactive's Coefficient Of Variation of 764.77, market risk adjusted performance of (2.31), and Standard Deviation of 3.3 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, 37 Interactive holds a performance score of 11. The firm owns a Beta (Systematic Risk) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 37 Interactive are expected to decrease at a much lower rate. During the bear market, 37 Interactive is likely to outperform the market. Please check 37 Interactive's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether 37 Interactive's current price history will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
37 Interactive Entertainment has very weak reverse predictability. Overlapping area represents the amount of predictability between 37 Interactive time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 37 Interactive Enter price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current 37 Interactive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
37 Interactive Enter lagged returns against current returns
Autocorrelation, which is 37 Interactive 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 37 Interactive's stock expected returns. We can calculate the autocorrelation of 37 Interactive returns to help us make a trade decision. For example, suppose you find that 37 Interactive 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 |
37 Interactive 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 37 Interactive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 37 Interactive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 37 Interactive stock over time.
Current vs Lagged Prices |
| Timeline |
37 Interactive Lagged Returns
When evaluating 37 Interactive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 37 Interactive stock have on its future price. 37 Interactive 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, 37 Interactive autocorrelation shows the relationship between 37 Interactive stock current value and its past values and can show if there is a momentum factor associated with investing in 37 Interactive Entertainment.
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 002555 Stock
37 Interactive financial ratios help investors to determine whether 002555 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 002555 with respect to the benefits of owning 37 Interactive security.