Suzhou Weizhixiang (China) Market Value
| 605089 Stock | 25.00 1.45 6.16% |
| Symbol | Suzhou |
Suzhou Weizhixiang '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 Suzhou Weizhixiang'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 Suzhou Weizhixiang.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Suzhou Weizhixiang on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Suzhou Weizhixiang Food or generate 0.0% return on investment in Suzhou Weizhixiang over 90 days. Suzhou Weizhixiang is related to or competes with Nanjing Putian, Shenzhen Hifuture, Tianjin Realty, Shenyang Huitian, Jiangsu Xinning, and Hubei Geoway. Suzhou Weizhixiang is entity of China. It is traded as Stock on SHG exchange. More
Suzhou Weizhixiang 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 Suzhou Weizhixiang'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 Suzhou Weizhixiang Food upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.97 | |||
| Information Ratio | 0.144 | |||
| Maximum Drawdown | 19.23 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 6.16 |
Suzhou Weizhixiang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suzhou Weizhixiang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suzhou Weizhixiang's standard deviation. In reality, there are many statistical measures that can use Suzhou Weizhixiang historical prices to predict the future Suzhou Weizhixiang's volatility.| Risk Adjusted Performance | 0.1504 | |||
| Jensen Alpha | 0.5174 | |||
| Total Risk Alpha | 0.0539 | |||
| Sortino Ratio | 0.1559 | |||
| Treynor Ratio | 1.04 |
Suzhou Weizhixiang Food Backtested Returns
Suzhou Weizhixiang appears to be not too volatile, given 3 months investment horizon. Suzhou Weizhixiang Food owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting Suzhou Weizhixiang's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please review Suzhou Weizhixiang's Risk Adjusted Performance of 0.1504, coefficient of variation of 535.22, and Semi Deviation of 2.52 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Suzhou Weizhixiang holds a performance score of 15. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Suzhou Weizhixiang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Suzhou Weizhixiang is expected to be smaller as well. Please check Suzhou Weizhixiang's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Suzhou Weizhixiang's existing price patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
Suzhou Weizhixiang Food has very good predictability. Overlapping area represents the amount of predictability between Suzhou Weizhixiang time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Suzhou Weizhixiang Food price movement. The serial correlation of 0.83 indicates that around 83.0% of current Suzhou Weizhixiang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 2.08 |
Suzhou Weizhixiang Food lagged returns against current returns
Autocorrelation, which is Suzhou Weizhixiang 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 Suzhou Weizhixiang's stock expected returns. We can calculate the autocorrelation of Suzhou Weizhixiang returns to help us make a trade decision. For example, suppose you find that Suzhou Weizhixiang 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 |
Suzhou Weizhixiang 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 Suzhou Weizhixiang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suzhou Weizhixiang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suzhou Weizhixiang stock over time.
Current vs Lagged Prices |
| Timeline |
Suzhou Weizhixiang Lagged Returns
When evaluating Suzhou Weizhixiang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suzhou Weizhixiang stock have on its future price. Suzhou Weizhixiang 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, Suzhou Weizhixiang autocorrelation shows the relationship between Suzhou Weizhixiang stock current value and its past values and can show if there is a momentum factor associated with investing in Suzhou Weizhixiang Food.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Suzhou Stock
Suzhou Weizhixiang financial ratios help investors to determine whether Suzhou 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 Suzhou with respect to the benefits of owning Suzhou Weizhixiang security.