Shenzhen Agricultural (China) Market Value
| 000061 Stock | 6.58 0.16 2.49% |
| Symbol | Shenzhen |
Shenzhen Agricultural '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 Agricultural'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 Agricultural.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Shenzhen Agricultural on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Agricultural Products or generate 0.0% return on investment in Shenzhen Agricultural over 150 days. Shenzhen Agricultural is related to or competes with State Grid, Xinjiang Communications, Fiberhome Telecommunicatio, Chongqing Shunbo, Wintao Communications, Shanghai Yanpu, and Aluminum Corp. Shenzhen Agricultural is entity of China More
Shenzhen Agricultural 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 Agricultural'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 Agricultural Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.62 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.59 |
Shenzhen Agricultural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Agricultural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Agricultural's standard deviation. In reality, there are many statistical measures that can use Shenzhen Agricultural historical prices to predict the future Shenzhen Agricultural's volatility.| Risk Adjusted Performance | 0.0276 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0755 |
Shenzhen Agricultural Backtested Returns
At this point, Shenzhen Agricultural is somewhat reliable. Shenzhen Agricultural owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0123, which indicates the firm had a 0.0123 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shenzhen Agricultural Products, which you can use to evaluate the volatility of the company. Please validate Shenzhen Agricultural's Coefficient Of Variation of 3865.4, risk adjusted performance of 0.0276, and Semi Deviation of 1.82 to confirm if the risk estimate we provide is consistent with the expected return of 0.0245%. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shenzhen Agricultural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Agricultural is expected to be smaller as well. Shenzhen Agricultural right now has a risk of 1.99%. Please validate Shenzhen Agricultural mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Shenzhen Agricultural will be following its existing price patterns.
Auto-correlation | -0.51 |
Good reverse predictability
Shenzhen Agricultural Products has good reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Agricultural time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. 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 Agricultural price movement. The serial correlation of -0.51 indicates that about 51.0% of current Shenzhen Agricultural price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Shenzhen Agricultural lagged returns against current returns
Autocorrelation, which is Shenzhen Agricultural 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 Agricultural's stock expected returns. We can calculate the autocorrelation of Shenzhen Agricultural returns to help us make a trade decision. For example, suppose you find that Shenzhen Agricultural 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 Agricultural 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 Agricultural stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Agricultural stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Agricultural stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Agricultural Lagged Returns
When evaluating Shenzhen Agricultural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Agricultural stock have on its future price. Shenzhen Agricultural 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 Agricultural autocorrelation shows the relationship between Shenzhen Agricultural stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Agricultural Products.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Shenzhen Stock
Shenzhen Agricultural 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 Agricultural security.