Shaanxi Construction (China) Market Value

600984 Stock   3.50  0.06  1.69%   
Shaanxi Construction's market value is the price at which a share of Shaanxi Construction trades on a public exchange. It measures the collective expectations of Shaanxi Construction Machinery investors about its performance. Shaanxi Construction is trading at 3.50 as of the 5th of December 2024, a 1.69 percent decrease since the beginning of the trading day. The stock's open price was 3.56.
With this module, you can estimate the performance of a buy and hold strategy of Shaanxi Construction Machinery and determine expected loss or profit from investing in Shaanxi Construction over a given investment horizon. Check out Shaanxi Construction Correlation, Shaanxi Construction Volatility and Shaanxi Construction Alpha and Beta module to complement your research on Shaanxi Construction.
Symbol

Please note, there is a significant difference between Shaanxi Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shaanxi Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shaanxi Construction's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Shaanxi Construction '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 Shaanxi Construction'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 Shaanxi Construction.
0.00
06/08/2024
No Change 0.00  0.0 
In 5 months and 29 days
12/05/2024
0.00
If you would invest  0.00  in Shaanxi Construction on June 8, 2024 and sell it all today you would earn a total of 0.00 from holding Shaanxi Construction Machinery or generate 0.0% return on investment in Shaanxi Construction over 180 days. Shaanxi Construction is related to or competes with Rising Nonferrous, Guangzhou Dongfang, Aluminum Corp, Ye Chiu, BTG Hotels, Jiangsu Yanghe, and Jinling Hotel. Shaanxi Construction is entity of China. It is traded as Stock on SHG exchange. More

Shaanxi Construction 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 Shaanxi Construction'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 Shaanxi Construction Machinery upside and downside potential and time the market with a certain degree of confidence.

Shaanxi Construction Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Shaanxi Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shaanxi Construction's standard deviation. In reality, there are many statistical measures that can use Shaanxi Construction historical prices to predict the future Shaanxi Construction's volatility.
Hype
Prediction
LowEstimatedHigh
0.183.577.71
Details
Intrinsic
Valuation
LowRealHigh
0.142.776.91
Details
Naive
Forecast
LowNextHigh
0.073.687.81
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shaanxi Construction. Your research has to be compared to or analyzed against Shaanxi Construction's peers to derive any actionable benefits. When done correctly, Shaanxi Construction's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Shaanxi Construction.

Shaanxi Construction Backtested Returns

Shaanxi Construction appears to be risky, given 3 months investment horizon. Shaanxi Construction owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. By inspecting Shaanxi Construction's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please review Shaanxi Construction's Coefficient Of Variation of 552.41, semi deviation of 2.54, and Risk Adjusted Performance of 0.1418 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shaanxi Construction holds a performance score of 17. The entity has a beta of -0.89, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Shaanxi Construction are expected to decrease slowly. On the other hand, during market turmoil, Shaanxi Construction is expected to outperform it slightly. Please check Shaanxi Construction's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shaanxi Construction's existing price patterns will revert.

Auto-correlation

    
  -0.6  

Good reverse predictability

Shaanxi Construction Machinery has good reverse predictability. Overlapping area represents the amount of predictability between Shaanxi Construction time series from 8th of June 2024 to 6th of September 2024 and 6th of September 2024 to 5th 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 Shaanxi Construction price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Shaanxi Construction price fluctuation can be explain by its past prices.
Correlation Coefficient-0.6
Spearman Rank Test-0.23
Residual Average0.0
Price Variance0.32

Shaanxi Construction lagged returns against current returns

Autocorrelation, which is Shaanxi Construction 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 Shaanxi Construction's stock expected returns. We can calculate the autocorrelation of Shaanxi Construction returns to help us make a trade decision. For example, suppose you find that Shaanxi Construction 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  

Shaanxi Construction 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 Shaanxi Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shaanxi Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shaanxi Construction stock over time.
   Current vs Lagged Prices   
       Timeline  

Shaanxi Construction Lagged Returns

When evaluating Shaanxi Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shaanxi Construction stock have on its future price. Shaanxi Construction 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, Shaanxi Construction autocorrelation shows the relationship between Shaanxi Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Shaanxi Construction Machinery.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Shaanxi Stock

Shaanxi Construction financial ratios help investors to determine whether Shaanxi 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 Shaanxi with respect to the benefits of owning Shaanxi Construction security.