Shenzhen United (China) Market Value
| 688518 Stock | 16.74 0.08 0.48% |
| Symbol | Shenzhen |
Shenzhen United '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 United'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 United.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Shenzhen United on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen United Winners or generate 0.0% return on investment in Shenzhen United over 30 days. Shenzhen United is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. Shenzhen United is entity of China. It is traded as Stock on SHG exchange. More
Shenzhen United 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 United'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 United Winners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | 0.1249 | |||
| Maximum Drawdown | 26.47 | |||
| Value At Risk | (5.58) | |||
| Potential Upside | 11.23 |
Shenzhen United Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen United's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen United's standard deviation. In reality, there are many statistical measures that can use Shenzhen United historical prices to predict the future Shenzhen United's volatility.| Risk Adjusted Performance | 0.1131 | |||
| Jensen Alpha | 0.6548 | |||
| Total Risk Alpha | 0.5098 | |||
| Sortino Ratio | 0.1699 | |||
| Treynor Ratio | (2.79) |
Shenzhen United Winners Backtested Returns
Shenzhen United appears to be somewhat reliable, given 3 months investment horizon. Shenzhen United Winners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.049, which indicates the firm had a 0.049% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shenzhen United Winners, which you can use to evaluate the volatility of the company. Please review Shenzhen United's Coefficient Of Variation of 761.71, semi deviation of 3.39, and Risk Adjusted Performance of 0.1131 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen United holds a performance score of 3. The entity has a beta of -0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shenzhen United are expected to decrease at a much lower rate. During the bear market, Shenzhen United is likely to outperform the market. Please check Shenzhen United's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shenzhen United's existing price patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
Shenzhen United Winners has poor reverse predictability. Overlapping area represents the amount of predictability between Shenzhen United time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 United Winners price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Shenzhen United price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1.14 |
Shenzhen United Winners lagged returns against current returns
Autocorrelation, which is Shenzhen United 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 United's stock expected returns. We can calculate the autocorrelation of Shenzhen United returns to help us make a trade decision. For example, suppose you find that Shenzhen United 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 |
Shenzhen United 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 United stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen United stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen United stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen United Lagged Returns
When evaluating Shenzhen United's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen United stock have on its future price. Shenzhen United 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 United autocorrelation shows the relationship between Shenzhen United stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen United Winners.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shenzhen Stock
Shenzhen United 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 United security.