Sinofibers Technology (China) Market Value
| 300777 Stock | 27.13 0.41 1.53% |
| Symbol | Sinofibers |
Sinofibers Technology '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 Sinofibers Technology'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 Sinofibers Technology.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sinofibers Technology on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sinofibers Technology Co or generate 0.0% return on investment in Sinofibers Technology over 30 days. Sinofibers Technology is related to or competes with Zhongshan Public, Bloomage Biotechnology, Jinhe Biotechnology, Lander Sports, Chengdu Spaceon, and Shenzhen Bioeasy. Sinofibers Technology is entity of China More
Sinofibers Technology 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 Sinofibers Technology'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 Sinofibers Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.87 | |||
| Information Ratio | 0.0915 | |||
| Maximum Drawdown | 31.89 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 11.04 |
Sinofibers Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinofibers Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinofibers Technology's standard deviation. In reality, there are many statistical measures that can use Sinofibers Technology historical prices to predict the future Sinofibers Technology's volatility.| Risk Adjusted Performance | 0.0995 | |||
| Jensen Alpha | 0.59 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1077 | |||
| Treynor Ratio | (1.07) |
Sinofibers Technology Backtested Returns
Sinofibers Technology appears to be not too volatile, given 3 months investment horizon. Sinofibers Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Sinofibers Technology's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please review Sinofibers Technology's Risk Adjusted Performance of 0.0995, coefficient of variation of 840.17, and Semi Deviation of 3.47 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinofibers Technology holds a performance score of 10. The entity has a beta of -0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sinofibers Technology are expected to decrease at a much lower rate. During the bear market, Sinofibers Technology is likely to outperform the market. Please check Sinofibers Technology's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sinofibers Technology's existing price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Sinofibers Technology Co has good reverse predictability. Overlapping area represents the amount of predictability between Sinofibers Technology time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Sinofibers Technology price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Sinofibers Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 1.46 |
Sinofibers Technology lagged returns against current returns
Autocorrelation, which is Sinofibers Technology 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 Sinofibers Technology's stock expected returns. We can calculate the autocorrelation of Sinofibers Technology returns to help us make a trade decision. For example, suppose you find that Sinofibers Technology 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 |
Sinofibers Technology 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 Sinofibers Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinofibers Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinofibers Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Sinofibers Technology Lagged Returns
When evaluating Sinofibers Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinofibers Technology stock have on its future price. Sinofibers Technology 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, Sinofibers Technology autocorrelation shows the relationship between Sinofibers Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Sinofibers Technology Co.
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 Sinofibers Stock
Sinofibers Technology financial ratios help investors to determine whether Sinofibers 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 Sinofibers with respect to the benefits of owning Sinofibers Technology security.