Sichuan Teway (China) Market Value
| 603317 Stock | 13.61 0.24 1.73% |
| Symbol | Sichuan |
Sichuan Teway '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 Sichuan Teway'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 Sichuan Teway.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sichuan Teway on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sichuan Teway Food or generate 0.0% return on investment in Sichuan Teway over 30 days. Sichuan Teway is related to or competes with Lutian Machinery, PetroChina, Bank of China, Gansu Jiu, Ming Yang, Aba Chemicals, and Inner Mongolia. Sichuan Teway is entity of China. It is traded as Stock on SHG exchange. More
Sichuan Teway 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 Sichuan Teway'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 Sichuan Teway Food upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.1232 | |||
| Maximum Drawdown | 15.95 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 7.26 |
Sichuan Teway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sichuan Teway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Teway's standard deviation. In reality, there are many statistical measures that can use Sichuan Teway historical prices to predict the future Sichuan Teway's volatility.| Risk Adjusted Performance | 0.1305 | |||
| Jensen Alpha | 0.48 | |||
| Total Risk Alpha | 0.0228 | |||
| Sortino Ratio | 0.1617 | |||
| Treynor Ratio | 1.19 |
Sichuan Teway Food Backtested Returns
Sichuan Teway appears to be not too volatile, given 3 months investment horizon. Sichuan Teway Food 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 Sichuan Teway's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please review Sichuan Teway's Semi Deviation of 2.28, coefficient of variation of 623.98, and Risk Adjusted Performance of 0.1305 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sichuan Teway holds a performance score of 17. The entity has a beta of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sichuan Teway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sichuan Teway is expected to be smaller as well. Please check Sichuan Teway's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Sichuan Teway's existing price patterns will revert.
Auto-correlation | -0.86 |
Excellent reverse predictability
Sichuan Teway Food has excellent reverse predictability. Overlapping area represents the amount of predictability between Sichuan Teway 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 Sichuan Teway Food price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Sichuan Teway price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Sichuan Teway Food lagged returns against current returns
Autocorrelation, which is Sichuan Teway 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 Sichuan Teway's stock expected returns. We can calculate the autocorrelation of Sichuan Teway returns to help us make a trade decision. For example, suppose you find that Sichuan Teway 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 |
Sichuan Teway 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 Sichuan Teway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Teway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Teway stock over time.
Current vs Lagged Prices |
| Timeline |
Sichuan Teway Lagged Returns
When evaluating Sichuan Teway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Teway stock have on its future price. Sichuan Teway 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, Sichuan Teway autocorrelation shows the relationship between Sichuan Teway stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Teway Food.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sichuan Stock
Sichuan Teway financial ratios help investors to determine whether Sichuan 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 Sichuan with respect to the benefits of owning Sichuan Teway security.