Sinosteel Luonai (China) Market Value
| 688119 Stock | 4.20 0.02 0.48% |
| Symbol | Sinosteel |
Sinosteel Luonai '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 Sinosteel Luonai'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 Sinosteel Luonai.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sinosteel Luonai on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sinosteel Luonai Materials or generate 0.0% return on investment in Sinosteel Luonai over 30 days. Sinosteel Luonai is related to or competes with Zijin Mining, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Sinosteel Luonai is entity of China. It is traded as Stock on SHG exchange. More
Sinosteel Luonai 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 Sinosteel Luonai'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 Sinosteel Luonai Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.19 | |||
| Information Ratio | 0.099 | |||
| Maximum Drawdown | 24.87 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 5.13 |
Sinosteel Luonai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinosteel Luonai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinosteel Luonai's standard deviation. In reality, there are many statistical measures that can use Sinosteel Luonai historical prices to predict the future Sinosteel Luonai's volatility.| Risk Adjusted Performance | 0.1106 | |||
| Jensen Alpha | 0.4502 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1112 | |||
| Treynor Ratio | 2.79 |
Sinosteel Luonai Mat Backtested Returns
Sinosteel Luonai appears to be relatively risky, given 3 months investment horizon. Sinosteel Luonai Mat owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Sinosteel Luonai's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please review Sinosteel Luonai's Semi Deviation of 2.64, coefficient of variation of 746.09, and Risk Adjusted Performance of 0.1106 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinosteel Luonai holds a performance score of 13. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sinosteel Luonai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sinosteel Luonai is expected to be smaller as well. Please check Sinosteel Luonai's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sinosteel Luonai's existing price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Sinosteel Luonai Materials has modest reverse predictability. Overlapping area represents the amount of predictability between Sinosteel Luonai 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 Sinosteel Luonai Mat price movement. The serial correlation of -0.46 indicates that about 46.0% of current Sinosteel Luonai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sinosteel Luonai Mat lagged returns against current returns
Autocorrelation, which is Sinosteel Luonai 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 Sinosteel Luonai's stock expected returns. We can calculate the autocorrelation of Sinosteel Luonai returns to help us make a trade decision. For example, suppose you find that Sinosteel Luonai 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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Sinosteel Luonai 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 Sinosteel Luonai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinosteel Luonai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinosteel Luonai stock over time.
Current vs Lagged Prices |
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Sinosteel Luonai Lagged Returns
When evaluating Sinosteel Luonai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinosteel Luonai stock have on its future price. Sinosteel Luonai 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, Sinosteel Luonai autocorrelation shows the relationship between Sinosteel Luonai stock current value and its past values and can show if there is a momentum factor associated with investing in Sinosteel Luonai Materials.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Sinosteel Stock
Sinosteel Luonai financial ratios help investors to determine whether Sinosteel 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 Sinosteel with respect to the benefits of owning Sinosteel Luonai security.