Shanxi Lanhua (China) Market Value
| 600123 Stock | 8.82 0.30 3.29% |
| Symbol | Shanxi |
Shanxi Lanhua '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 Shanxi Lanhua'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 Shanxi Lanhua.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Shanxi Lanhua on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Shanxi Lanhua Sci Tech or generate 0.0% return on investment in Shanxi Lanhua over 390 days. Shanxi Lanhua is related to or competes with Zhejiang Kingland, HOB Biotech, Ming Yang, Loctek Ergonomic, Hunan Nanling, Jiangsu Seagull, and Inner Mongolia. Shanxi Lanhua is entity of China. It is traded as Stock on SHG exchange. More
Shanxi Lanhua 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 Shanxi Lanhua'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 Shanxi Lanhua Sci Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.0118 | |||
| Maximum Drawdown | 16.33 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 4.62 |
Shanxi Lanhua Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanxi Lanhua's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanxi Lanhua's standard deviation. In reality, there are many statistical measures that can use Shanxi Lanhua historical prices to predict the future Shanxi Lanhua's volatility.| Risk Adjusted Performance | 0.0453 | |||
| Jensen Alpha | 0.1534 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0122 | |||
| Treynor Ratio | (0.72) |
Shanxi Lanhua Sci Backtested Returns
Shanxi Lanhua appears to be somewhat reliable, given 3 months investment horizon. Shanxi Lanhua Sci owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0894, which indicates the firm had a 0.0894% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shanxi Lanhua Sci Tech, which you can use to evaluate the volatility of the company. Please review Shanxi Lanhua's Semi Deviation of 2.49, coefficient of variation of 1914.51, and Risk Adjusted Performance of 0.0453 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanxi Lanhua holds a performance score of 7. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanxi Lanhua are expected to decrease at a much lower rate. During the bear market, Shanxi Lanhua is likely to outperform the market. Please check Shanxi Lanhua's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanxi Lanhua's existing price patterns will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Shanxi Lanhua Sci Tech has very good reverse predictability. Overlapping area represents the amount of predictability between Shanxi Lanhua time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Shanxi Lanhua Sci price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Shanxi Lanhua price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Shanxi Lanhua Sci lagged returns against current returns
Autocorrelation, which is Shanxi Lanhua 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 Shanxi Lanhua's stock expected returns. We can calculate the autocorrelation of Shanxi Lanhua returns to help us make a trade decision. For example, suppose you find that Shanxi Lanhua 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 |
Shanxi Lanhua 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 Shanxi Lanhua stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanxi Lanhua stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanxi Lanhua stock over time.
Current vs Lagged Prices |
| Timeline |
Shanxi Lanhua Lagged Returns
When evaluating Shanxi Lanhua's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanxi Lanhua stock have on its future price. Shanxi Lanhua 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, Shanxi Lanhua autocorrelation shows the relationship between Shanxi Lanhua stock current value and its past values and can show if there is a momentum factor associated with investing in Shanxi Lanhua Sci Tech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanxi Stock
Shanxi Lanhua financial ratios help investors to determine whether Shanxi 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 Shanxi with respect to the benefits of owning Shanxi Lanhua security.