Shanghai Oriental (China) Market Value
| 600637 Stock | 7.90 0.12 1.50% |
| Symbol | Shanghai |
Shanghai Oriental '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 Shanghai Oriental'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 Shanghai Oriental.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Shanghai Oriental on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Shanghai Oriental Pearl or generate 0.0% return on investment in Shanghai Oriental over 720 days. Shanghai Oriental is related to or competes with China State, Poly Real, China Vanke, China Merchants, Huafa Industrial, China International, and Kweichow Moutai. Shanghai Oriental is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Oriental 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 Shanghai Oriental'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 Shanghai Oriental Pearl upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.1292 | |||
| Maximum Drawdown | 15.86 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.95 |
Shanghai Oriental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Oriental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Oriental's standard deviation. In reality, there are many statistical measures that can use Shanghai Oriental historical prices to predict the future Shanghai Oriental's volatility.| Risk Adjusted Performance | 0.1258 | |||
| Jensen Alpha | 0.3972 | |||
| Total Risk Alpha | 0.2369 | |||
| Sortino Ratio | 0.1459 | |||
| Treynor Ratio | (0.86) |
Shanghai Oriental Pearl Backtested Returns
At this point, Shanghai Oriental is somewhat reliable. Shanghai Oriental Pearl owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0465, which indicates the firm had a 0.0465% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shanghai Oriental Pearl, which you can use to evaluate the volatility of the company. Please validate Shanghai Oriental's Semi Deviation of 1.92, coefficient of variation of 668.02, and Risk Adjusted Performance of 0.1258 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Shanghai Oriental has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shanghai Oriental are expected to decrease at a much lower rate. During the bear market, Shanghai Oriental is likely to outperform the market. Shanghai Oriental Pearl right now has a risk of 2.43%. Please validate Shanghai Oriental mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Shanghai Oriental will be following its existing price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Shanghai Oriental Pearl has no correlation between past and present. Overlapping area represents the amount of predictability between Shanghai Oriental time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 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 Shanghai Oriental Pearl price movement. The serial correlation of 0.0 indicates that just 0.0% of current Shanghai Oriental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Shanghai Oriental Pearl lagged returns against current returns
Autocorrelation, which is Shanghai Oriental 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 Shanghai Oriental's stock expected returns. We can calculate the autocorrelation of Shanghai Oriental returns to help us make a trade decision. For example, suppose you find that Shanghai Oriental 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 |
Shanghai Oriental 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 Shanghai Oriental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Oriental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Oriental stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Oriental Lagged Returns
When evaluating Shanghai Oriental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Oriental stock have on its future price. Shanghai Oriental 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, Shanghai Oriental autocorrelation shows the relationship between Shanghai Oriental stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Oriental Pearl.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Oriental financial ratios help investors to determine whether Shanghai 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 Shanghai with respect to the benefits of owning Shanghai Oriental security.