Shenyang Chemical (China) Market Value
| 000698 Stock | 3.23 0.05 1.57% |
| Symbol | Shenyang |
Shenyang Chemical '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 Shenyang Chemical'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 Shenyang Chemical.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Shenyang Chemical on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Shenyang Chemical Industry or generate 0.0% return on investment in Shenyang Chemical over 720 days. Shenyang Chemical is related to or competes with Fibocom Wireless, Runjian Communication, Guangdong Jinma, Fiberhome Telecommunicatio, Queclink Wireless, Guangzhou Jinyi, and Anhui Jianghuai. Shenyang Chemical is entity of China. It is traded as Stock on SHE exchange. More
Shenyang Chemical 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 Shenyang Chemical'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 Shenyang Chemical Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.57 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 6.79 |
Shenyang Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenyang Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenyang Chemical's standard deviation. In reality, there are many statistical measures that can use Shenyang Chemical historical prices to predict the future Shenyang Chemical's volatility.| Risk Adjusted Performance | 0.0222 | |||
| Jensen Alpha | 7.0E-4 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0911 |
Shenyang Chemical Backtested Returns
Shenyang Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. Shenyang Chemical Industry exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenyang Chemical's Risk Adjusted Performance of 0.0222, semi deviation of 2.88, and Coefficient Of Variation of 5664.59 to confirm the risk estimate we provide. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shenyang Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenyang Chemical is expected to be smaller as well. At this point, Shenyang Chemical has a negative expected return of -0.0081%. Please make sure to validate Shenyang Chemical's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Shenyang Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Shenyang Chemical Industry has weak predictability. Overlapping area represents the amount of predictability between Shenyang Chemical time series from 11th of February 2023 to 6th of February 2024 and 6th of February 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 Shenyang Chemical price movement. The serial correlation of 0.2 indicates that over 20.0% of current Shenyang Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Shenyang Chemical lagged returns against current returns
Autocorrelation, which is Shenyang Chemical 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 Shenyang Chemical's stock expected returns. We can calculate the autocorrelation of Shenyang Chemical returns to help us make a trade decision. For example, suppose you find that Shenyang Chemical 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 |
Shenyang Chemical 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 Shenyang Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenyang Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenyang Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Shenyang Chemical Lagged Returns
When evaluating Shenyang Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenyang Chemical stock have on its future price. Shenyang Chemical 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, Shenyang Chemical autocorrelation shows the relationship between Shenyang Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Shenyang Chemical Industry.
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 Shenyang Stock
Shenyang Chemical financial ratios help investors to determine whether Shenyang 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 Shenyang with respect to the benefits of owning Shenyang Chemical security.