Shenzhen Transsion (China) Market Value
| 688036 Stock | 94.72 9.67 11.37% |
| Symbol | Shenzhen |
Shenzhen Transsion '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 Shenzhen Transsion'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 Shenzhen Transsion.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Shenzhen Transsion on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Transsion Holdings or generate 0.0% return on investment in Shenzhen Transsion over 30 days. Shenzhen Transsion is related to or competes with PKU HealthCare, Bomesc Offshore, MayAir Technology, Everjoy Health, Eastroc Beverage, Heren Health, and CSSC Offshore. Shenzhen Transsion is entity of China. It is traded as Stock on SHG exchange. More
Shenzhen Transsion 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 Shenzhen Transsion'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 Shenzhen Transsion Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.8 | |||
| Information Ratio | 0.038 | |||
| Maximum Drawdown | 31.26 | |||
| Value At Risk | (4.99) | |||
| Potential Upside | 6.01 |
Shenzhen Transsion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Transsion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Transsion's standard deviation. In reality, there are many statistical measures that can use Shenzhen Transsion historical prices to predict the future Shenzhen Transsion's volatility.| Risk Adjusted Performance | 0.0609 | |||
| Jensen Alpha | 0.1342 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.0447 | |||
| Treynor Ratio | 0.2324 |
Shenzhen Transsion Backtested Returns
Shenzhen Transsion appears to be very steady, given 3 months investment horizon. Shenzhen Transsion owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0993, which indicates the firm had a 0.0993% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shenzhen Transsion Holdings, which you can use to evaluate the volatility of the company. Please review Shenzhen Transsion's Semi Deviation of 3.51, coefficient of variation of 1453.75, and Risk Adjusted Performance of 0.0609 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Transsion holds a performance score of 7. The entity has a beta of 1.28, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Shenzhen Transsion will likely underperform. Please check Shenzhen Transsion's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shenzhen Transsion's existing price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Shenzhen Transsion Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Transsion time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Shenzhen Transsion price movement. The serial correlation of -0.69 indicates that around 69.0% of current Shenzhen Transsion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 15.76 |
Shenzhen Transsion lagged returns against current returns
Autocorrelation, which is Shenzhen Transsion 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 Shenzhen Transsion's stock expected returns. We can calculate the autocorrelation of Shenzhen Transsion returns to help us make a trade decision. For example, suppose you find that Shenzhen Transsion 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 |
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Shenzhen Transsion 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 Shenzhen Transsion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Transsion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Transsion stock over time.
Current vs Lagged Prices |
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Shenzhen Transsion Lagged Returns
When evaluating Shenzhen Transsion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Transsion stock have on its future price. Shenzhen Transsion 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, Shenzhen Transsion autocorrelation shows the relationship between Shenzhen Transsion stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Transsion Holdings.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Shenzhen Stock
Shenzhen Transsion financial ratios help investors to determine whether Shenzhen 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 Shenzhen with respect to the benefits of owning Shenzhen Transsion security.