Shenzhen RoadRover (China) Market Value
| 002813 Stock | 25.96 0.39 1.53% |
| Symbol | Shenzhen |
Shenzhen RoadRover '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 Shenzhen RoadRover'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 Shenzhen RoadRover.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Shenzhen RoadRover on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen RoadRover Technology or generate 0.0% return on investment in Shenzhen RoadRover over 30 days. Shenzhen RoadRover is related to or competes with Zhongtong Guomai, Sichuan Jinshi, Longjian Road, Eastern Communications, ChengDu Hi, Aerospace, and Sichuan Fulin. Shenzhen RoadRover is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen RoadRover 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 Shenzhen RoadRover'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 Shenzhen RoadRover Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | 0.0218 | |||
| Maximum Drawdown | 17.11 | |||
| Value At Risk | (4.93) | |||
| Potential Upside | 4.25 |
Shenzhen RoadRover Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen RoadRover's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen RoadRover's standard deviation. In reality, there are many statistical measures that can use Shenzhen RoadRover historical prices to predict the future Shenzhen RoadRover's volatility.| Risk Adjusted Performance | 0.0328 | |||
| Jensen Alpha | 0.0901 | |||
| Total Risk Alpha | 0.0024 | |||
| Sortino Ratio | 0.0196 | |||
| Treynor Ratio | 1.09 |
Shenzhen RoadRover Backtested Returns
Shenzhen RoadRover appears to be not too volatile, given 3 months investment horizon. Shenzhen RoadRover owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0961, which indicates the firm had a 0.0961% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shenzhen RoadRover Technology, which you can use to evaluate the volatility of the company. Please review Shenzhen RoadRover's Semi Deviation of 3.32, coefficient of variation of 3136.67, and Risk Adjusted Performance of 0.0328 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen RoadRover holds a performance score of 7. The entity has a beta of 0.0845, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shenzhen RoadRover's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen RoadRover is expected to be smaller as well. Please check Shenzhen RoadRover's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen RoadRover's existing price patterns will revert.
Auto-correlation | -0.84 |
Excellent reverse predictability
Shenzhen RoadRover Technology has excellent reverse predictability. Overlapping area represents the amount of predictability between Shenzhen RoadRover time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Shenzhen RoadRover price movement. The serial correlation of -0.84 indicates that around 84.0% of current Shenzhen RoadRover price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
Shenzhen RoadRover lagged returns against current returns
Autocorrelation, which is Shenzhen RoadRover 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 Shenzhen RoadRover's stock expected returns. We can calculate the autocorrelation of Shenzhen RoadRover returns to help us make a trade decision. For example, suppose you find that Shenzhen RoadRover 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 |
Shenzhen RoadRover 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 Shenzhen RoadRover stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen RoadRover stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen RoadRover stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen RoadRover Lagged Returns
When evaluating Shenzhen RoadRover's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen RoadRover stock have on its future price. Shenzhen RoadRover 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, Shenzhen RoadRover autocorrelation shows the relationship between Shenzhen RoadRover stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen RoadRover Technology.
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 Shenzhen Stock
Shenzhen RoadRover financial ratios help investors to determine whether Shenzhen 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 Shenzhen with respect to the benefits of owning Shenzhen RoadRover security.