Shandong Huifa (China) Market Value
| 603536 Stock | 11.61 1.06 10.05% |
| Symbol | Shandong |
Shandong Huifa '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 Shandong Huifa'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 Shandong Huifa.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Shandong Huifa on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Huifa Foodstuff or generate 0.0% return on investment in Shandong Huifa over 180 days. Shandong Huifa is related to or competes with Beijing Wantai, Aluminum Corp, COL Digital, Shaanxi Meineng, Gansu Huangtai, and Threes Company. Shandong Huifa is entity of China. It is traded as Stock on SHG exchange. More
Shandong Huifa 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 Shandong Huifa'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 Shandong Huifa Foodstuff upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.27 | |||
| Information Ratio | 0.1803 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (5.16) | |||
| Potential Upside | 9.94 |
Shandong Huifa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Huifa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Huifa's standard deviation. In reality, there are many statistical measures that can use Shandong Huifa historical prices to predict the future Shandong Huifa's volatility.| Risk Adjusted Performance | 0.1729 | |||
| Jensen Alpha | 0.704 | |||
| Total Risk Alpha | 0.1796 | |||
| Sortino Ratio | 0.2143 | |||
| Treynor Ratio | 0.8495 |
Shandong Huifa Foodstuff Backtested Returns
Shandong Huifa appears to be somewhat reliable, given 3 months investment horizon. Shandong Huifa Foodstuff 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 Shandong Huifa's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please review Shandong Huifa's Coefficient Of Variation of 463.61, risk adjusted performance of 0.1729, and Semi Deviation of 2.68 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Huifa holds a performance score of 17. The entity has a beta of 0.98, which indicates possible diversification benefits within a given portfolio. Shandong Huifa returns are very sensitive to returns on the market. As the market goes up or down, Shandong Huifa is expected to follow. Please check Shandong Huifa's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shandong Huifa's existing price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Shandong Huifa Foodstuff has very good reverse predictability. Overlapping area represents the amount of predictability between Shandong Huifa time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Shandong Huifa Foodstuff price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Shandong Huifa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 1.24 |
Shandong Huifa Foodstuff lagged returns against current returns
Autocorrelation, which is Shandong Huifa 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 Shandong Huifa's stock expected returns. We can calculate the autocorrelation of Shandong Huifa returns to help us make a trade decision. For example, suppose you find that Shandong Huifa 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 |
Shandong Huifa 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 Shandong Huifa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Huifa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Huifa stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Huifa Lagged Returns
When evaluating Shandong Huifa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Huifa stock have on its future price. Shandong Huifa 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, Shandong Huifa autocorrelation shows the relationship between Shandong Huifa stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Huifa Foodstuff.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shandong Stock
Shandong Huifa financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Huifa security.