Shandong Longda (China) Market Value
| 002726 Stock | 7.92 0.11 1.41% |
| Symbol | Shandong |
Shandong Longda '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 Shandong Longda'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 Shandong Longda.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in Shandong Longda on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Longda Meat or generate 0.0% return on investment in Shandong Longda over 30 days. Shandong Longda is related to or competes with Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, Shandong Ruifeng, and Jiangsu Seagull. Shandong Longda is entity of China. It is traded as Stock on SHE exchange. More
Shandong Longda 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 Shandong Longda'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 Shandong Longda Meat upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.1456 | |||
| Maximum Drawdown | 16.51 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 4.13 |
Shandong Longda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Longda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Longda's standard deviation. In reality, there are many statistical measures that can use Shandong Longda historical prices to predict the future Shandong Longda's volatility.| Risk Adjusted Performance | 0.1335 | |||
| Jensen Alpha | 0.3607 | |||
| Total Risk Alpha | 0.3013 | |||
| Sortino Ratio | 0.1598 | |||
| Treynor Ratio | 1.24 |
Shandong Longda Meat Backtested Returns
At this point, Shandong Longda is not too volatile. Shandong Longda Meat owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0551, which indicates the firm had a 0.0551% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shandong Longda Meat, which you can use to evaluate the volatility of the company. Please validate Shandong Longda's Risk Adjusted Performance of 0.1335, coefficient of variation of 628.12, and Semi Deviation of 1.8 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Shandong Longda has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shandong Longda's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shandong Longda is expected to be smaller as well. Shandong Longda Meat right now has a risk of 2.14%. Please validate Shandong Longda semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Shandong Longda will be following its existing price patterns.
Auto-correlation | 0.80 |
Very good predictability
Shandong Longda Meat has very good predictability. Overlapping area represents the amount of predictability between Shandong Longda time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 Shandong Longda Meat price movement. The serial correlation of 0.8 indicates that around 80.0% of current Shandong Longda price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Shandong Longda Meat lagged returns against current returns
Autocorrelation, which is Shandong Longda 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 Shandong Longda's stock expected returns. We can calculate the autocorrelation of Shandong Longda returns to help us make a trade decision. For example, suppose you find that Shandong Longda 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 |
Shandong Longda 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 Shandong Longda stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Longda stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Longda stock over time.
Current vs Lagged Prices |
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Shandong Longda Lagged Returns
When evaluating Shandong Longda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Longda stock have on its future price. Shandong Longda 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, Shandong Longda autocorrelation shows the relationship between Shandong Longda stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Longda Meat.
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 Shandong Stock
Shandong Longda financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Longda security.