Shandong Xinhua (China) Market Value
| 000756 Stock | 16.34 0.13 0.80% |
| Symbol | Shandong |
Shandong Xinhua '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 Shandong Xinhua'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 Shandong Xinhua.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Shandong Xinhua on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Xinhua Pharmaceutical or generate 0.0% return on investment in Shandong Xinhua over 180 days. Shandong Xinhua is related to or competes with Guangdong Shenglu, Wuxi Chemical, CICT Mobile, Shaanxi Beiyuan, Guangzhou Haige, Anhui Liuguo, and Anhui Jianghuai. Shandong Xinhua is entity of China. It is traded as Stock on SHE exchange. More
Shandong Xinhua 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 Shandong Xinhua'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 Shandong Xinhua Pharmaceutical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0153 | |||
| Maximum Drawdown | 17.66 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.46 |
Shandong Xinhua Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Xinhua's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Xinhua's standard deviation. In reality, there are many statistical measures that can use Shandong Xinhua historical prices to predict the future Shandong Xinhua's volatility.| Risk Adjusted Performance | 0.0612 | |||
| Jensen Alpha | 0.1469 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0147 | |||
| Treynor Ratio | 1.14 |
Shandong Xinhua Phar Backtested Returns
Shandong Xinhua appears to be not too volatile, given 3 months investment horizon. Shandong Xinhua Phar owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.086, which indicates the firm had a 0.086% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shandong Xinhua Pharmaceutical, which you can use to evaluate the volatility of the company. Please review Shandong Xinhua's Coefficient Of Variation of 1409.13, risk adjusted performance of 0.0612, and Semi Deviation of 2.45 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Xinhua holds a performance score of 6. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shandong Xinhua's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shandong Xinhua is expected to be smaller as well. Please check Shandong Xinhua's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shandong Xinhua's existing price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Shandong Xinhua Pharmaceutical has virtually no predictability. Overlapping area represents the amount of predictability between Shandong Xinhua time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Shandong Xinhua Phar price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Shandong Xinhua price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Shandong Xinhua Phar lagged returns against current returns
Autocorrelation, which is Shandong Xinhua 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 Shandong Xinhua's stock expected returns. We can calculate the autocorrelation of Shandong Xinhua returns to help us make a trade decision. For example, suppose you find that Shandong Xinhua 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 |
Shandong Xinhua 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 Shandong Xinhua stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Xinhua stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Xinhua stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Xinhua Lagged Returns
When evaluating Shandong Xinhua's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Xinhua stock have on its future price. Shandong Xinhua 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, Shandong Xinhua autocorrelation shows the relationship between Shandong Xinhua stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Xinhua Pharmaceutical.
Regressed Prices |
| Timeline |
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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 Shandong Stock
Shandong Xinhua financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Xinhua security.