Sinotruk (Germany) Market Value
| 4SK Stock | EUR 2.82 0.00 0.00% |
| Symbol | Sinotruk |
Sinotruk '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 Sinotruk'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 Sinotruk.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Sinotruk on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sinotruk Limited or generate 0.0% return on investment in Sinotruk over 30 days. Sinotruk is related to or competes with PACCAR, Hyster Yale. Sinotruk Limited, an investment holding company, engages in the research, development, manufacture, and sale of heavy du... More
Sinotruk 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 Sinotruk'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 Sinotruk Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.0762 | |||
| Maximum Drawdown | 13.57 | |||
| Value At Risk | (5.07) | |||
| Potential Upside | 5.34 |
Sinotruk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinotruk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinotruk's standard deviation. In reality, there are many statistical measures that can use Sinotruk historical prices to predict the future Sinotruk's volatility.| Risk Adjusted Performance | 0.0825 | |||
| Jensen Alpha | 0.2568 | |||
| Total Risk Alpha | 0.1059 | |||
| Sortino Ratio | 0.0747 | |||
| Treynor Ratio | 1.94 |
Sinotruk Limited Backtested Returns
At this point, Sinotruk is unstable. Sinotruk Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0469, which indicates the firm had a 0.0469% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Sinotruk Limited, which you can use to evaluate the volatility of the company. Please validate Sinotruk's Coefficient Of Variation of 1055.34, risk adjusted performance of 0.0825, and Semi Deviation of 2.44 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Sinotruk has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sinotruk's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sinotruk is expected to be smaller as well. Sinotruk Limited right now has a risk of 2.88%. Please validate Sinotruk information ratio, total risk alpha, and the relationship between the variance and jensen alpha , to decide if Sinotruk will be following its existing price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Sinotruk Limited has virtually no predictability. Overlapping area represents the amount of predictability between Sinotruk time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Sinotruk Limited price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Sinotruk price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sinotruk Limited lagged returns against current returns
Autocorrelation, which is Sinotruk 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 Sinotruk's stock expected returns. We can calculate the autocorrelation of Sinotruk returns to help us make a trade decision. For example, suppose you find that Sinotruk 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 |
Sinotruk 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 Sinotruk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinotruk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinotruk stock over time.
Current vs Lagged Prices |
| Timeline |
Sinotruk Lagged Returns
When evaluating Sinotruk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinotruk stock have on its future price. Sinotruk 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, Sinotruk autocorrelation shows the relationship between Sinotruk stock current value and its past values and can show if there is a momentum factor associated with investing in Sinotruk Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sinotruk Stock
Sinotruk financial ratios help investors to determine whether Sinotruk 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 Sinotruk with respect to the benefits of owning Sinotruk security.