Shanghai Jin (China) Market Value
| 900934 Stock | 1.52 0.01 0.65% |
| Symbol | Shanghai |
Shanghai Jin '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 Jin'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 Jin.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Shanghai Jin on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Shanghai Jin Jiang or generate 0.0% return on investment in Shanghai Jin over 720 days. Shanghai Jin is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. Shanghai Jin is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Jin 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 Jin'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 Jin Jiang upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.0666 | |||
| Maximum Drawdown | 12.75 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.68 |
Shanghai Jin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Jin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Jin's standard deviation. In reality, there are many statistical measures that can use Shanghai Jin historical prices to predict the future Shanghai Jin's volatility.| Risk Adjusted Performance | 0.0726 | |||
| Jensen Alpha | 0.1393 | |||
| Total Risk Alpha | 0.0912 | |||
| Sortino Ratio | 0.0548 | |||
| Treynor Ratio | 1.6 |
Shanghai Jin Jiang Backtested Returns
Shanghai Jin appears to be unstable, given 3 months investment horizon. Shanghai Jin Jiang owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shanghai Jin Jiang, which you can use to evaluate the volatility of the company. Please review Shanghai Jin's Risk Adjusted Performance of 0.0726, semi deviation of 1.5, and Coefficient Of Variation of 1181.34 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Jin holds a performance score of 9. The entity has a beta of 0.0885, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanghai Jin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Jin is expected to be smaller as well. Please check Shanghai Jin's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Jin's existing price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Shanghai Jin Jiang has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shanghai Jin time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Jin Jiang price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Shanghai Jin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Shanghai Jin Jiang lagged returns against current returns
Autocorrelation, which is Shanghai Jin 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 Jin's stock expected returns. We can calculate the autocorrelation of Shanghai Jin returns to help us make a trade decision. For example, suppose you find that Shanghai Jin 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 Jin 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 Jin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Jin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Jin stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Jin Lagged Returns
When evaluating Shanghai Jin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Jin stock have on its future price. Shanghai Jin 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 Jin autocorrelation shows the relationship between Shanghai Jin stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Jin Jiang.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Jin 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 Jin security.