SI TECH (China) Market Value
| 300608 Stock | 13.20 0.08 0.61% |
| Symbol | 300608 |
SI TECH '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 SI TECH'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 SI TECH.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in SI TECH on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding SI TECH Information Technology or generate 0.0% return on investment in SI TECH over 390 days. SI TECH is related to or competes with Railway Signal, XinJiang GuoTong, Linewell Software, Yuan Longping, Quectel Wireless, Anhui Jianghuai, and Western Superconducting. SI TECH is entity of China. It is traded as Stock on SHE exchange. More
SI TECH 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 SI TECH'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 SI TECH Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.81 | |||
| Information Ratio | 0.1382 | |||
| Maximum Drawdown | 36.41 | |||
| Value At Risk | (7.06) | |||
| Potential Upside | 6.8 |
SI TECH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SI TECH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SI TECH's standard deviation. In reality, there are many statistical measures that can use SI TECH historical prices to predict the future SI TECH's volatility.| Risk Adjusted Performance | 0.1226 | |||
| Jensen Alpha | 0.7754 | |||
| Total Risk Alpha | 0.6323 | |||
| Sortino Ratio | 0.1317 | |||
| Treynor Ratio | 1.46 |
SI TECH Information Backtested Returns
SI TECH appears to be slightly risky, given 3 months investment horizon. SI TECH Information retains Efficiency (Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of price deviation over the last 3 months. By examining SI TECH's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please review SI TECH's Downside Deviation of 5.81, mean deviation of 3.56, and Risk Adjusted Performance of 0.1226 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SI TECH holds a performance score of 9. The entity owns a Beta (Systematic Risk) of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SI TECH's returns are expected to increase less than the market. However, during the bear market, the loss of holding SI TECH is expected to be smaller as well. Please check SI TECH's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether SI TECH's current price history will revert.
Auto-correlation | -0.56 |
Good reverse predictability
SI TECH Information Technology has good reverse predictability. Overlapping area represents the amount of predictability between SI TECH time series from 28th of November 2023 to 10th of June 2024 and 10th of June 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 SI TECH Information price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current SI TECH price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 4.57 |
SI TECH Information lagged returns against current returns
Autocorrelation, which is SI TECH 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 SI TECH's stock expected returns. We can calculate the autocorrelation of SI TECH returns to help us make a trade decision. For example, suppose you find that SI TECH 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 |
SI TECH 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 SI TECH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SI TECH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SI TECH stock over time.
Current vs Lagged Prices |
| Timeline |
SI TECH Lagged Returns
When evaluating SI TECH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SI TECH stock have on its future price. SI TECH 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, SI TECH autocorrelation shows the relationship between SI TECH stock current value and its past values and can show if there is a momentum factor associated with investing in SI TECH Information 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 300608 Stock
SI TECH financial ratios help investors to determine whether 300608 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 300608 with respect to the benefits of owning SI TECH security.