Shanghai Suochen (China) Market Value
| 688507 Stock | 67.20 1.86 2.69% |
| Symbol | Shanghai |
Shanghai Suochen '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 Shanghai Suochen'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 Shanghai Suochen.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Shanghai Suochen on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Suochen Information or generate 0.0% return on investment in Shanghai Suochen over 30 days. Shanghai Suochen is related to or competes with Hubei Forbon, Olympic Circuit, Guangzhou KingTeller, Zijin Mining, Zhangjiagang Freetrade, Xinjiang Baodi, and Chenzhou Jingui. Shanghai Suochen is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Suochen 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 Shanghai Suochen'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 Shanghai Suochen Information upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.98 | |||
| Information Ratio | 0.1297 | |||
| Maximum Drawdown | 27.82 | |||
| Value At Risk | (7.13) | |||
| Potential Upside | 12.43 |
Shanghai Suochen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Suochen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Suochen's standard deviation. In reality, there are many statistical measures that can use Shanghai Suochen historical prices to predict the future Shanghai Suochen's volatility.| Risk Adjusted Performance | 0.1161 | |||
| Jensen Alpha | 0.8329 | |||
| Total Risk Alpha | 0.1193 | |||
| Sortino Ratio | 0.1764 | |||
| Treynor Ratio | (1.74) |
Shanghai Suochen Inf Backtested Returns
Shanghai Suochen is not too volatile given 3 months investment horizon. Shanghai Suochen Inf owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.02% are justified by taking the suggested risk. Use Shanghai Suochen Inf Semi Deviation of 3.42, risk adjusted performance of 0.1161, and Coefficient Of Variation of 674.96 to evaluate company specific risk that cannot be diversified away. Shanghai Suochen holds a performance score of 14 on a scale of zero to a hundred. The entity has a beta of -0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shanghai Suochen are expected to decrease at a much lower rate. During the bear market, Shanghai Suochen is likely to outperform the market. Use Shanghai Suochen Inf mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Shanghai Suochen Inf.
Auto-correlation | -0.48 |
Modest reverse predictability
Shanghai Suochen Information has modest reverse predictability. Overlapping area represents the amount of predictability between Shanghai Suochen time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Shanghai Suochen Inf price movement. The serial correlation of -0.48 indicates that about 48.0% of current Shanghai Suochen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 2.31 |
Shanghai Suochen Inf lagged returns against current returns
Autocorrelation, which is Shanghai Suochen 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 Shanghai Suochen's stock expected returns. We can calculate the autocorrelation of Shanghai Suochen returns to help us make a trade decision. For example, suppose you find that Shanghai Suochen 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 |
Shanghai Suochen 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 Shanghai Suochen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Suochen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Suochen stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Suochen Lagged Returns
When evaluating Shanghai Suochen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Suochen stock have on its future price. Shanghai Suochen 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, Shanghai Suochen autocorrelation shows the relationship between Shanghai Suochen stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Suochen Information.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Suochen financial ratios help investors to determine whether Shanghai 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 Shanghai with respect to the benefits of owning Shanghai Suochen security.