Shandong Link (China) Market Value
| 001207 Stock | 21.13 0.05 0.24% |
| Symbol | Shandong |
Shandong Link '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 Link'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 Link.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Shandong Link on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Link Science or generate 0.0% return on investment in Shandong Link over 30 days. Shandong Link is related to or competes with Sanbo Hospital, Huaibei Mining, Guocheng Mining, Jiangxi Naipu, Shenzhen Silver, By Health, and Shandong Mining. Shandong Link is entity of China. It is traded as Stock on SHE exchange. More
Shandong Link 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 Link'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 Link Science upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.1808 | |||
| Maximum Drawdown | 15.83 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 6.93 |
Shandong Link Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Link's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Link's standard deviation. In reality, there are many statistical measures that can use Shandong Link historical prices to predict the future Shandong Link's volatility.| Risk Adjusted Performance | 0.1645 | |||
| Jensen Alpha | 0.8986 | |||
| Total Risk Alpha | 0.1917 | |||
| Sortino Ratio | 0.2079 | |||
| Treynor Ratio | (0.53) |
Shandong Link Science Backtested Returns
Shandong Link appears to be somewhat reliable, given 3 months investment horizon. Shandong Link Science owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of risk over the last 3 months. By inspecting Shandong Link's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please review Shandong Link's Coefficient Of Variation of 461.15, semi deviation of 2.49, and Risk Adjusted Performance of 0.1645 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Link holds a performance score of 20. The entity has a beta of -1.39, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Shandong Link are expected to decrease by larger amounts. On the other hand, during market turmoil, Shandong Link is expected to outperform it. Please check Shandong Link'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 Link's existing price patterns will revert.
Auto-correlation | -0.89 |
Excellent reverse predictability
Shandong Link Science has excellent reverse predictability. Overlapping area represents the amount of predictability between Shandong Link time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Link Science price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Shandong Link price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Shandong Link Science lagged returns against current returns
Autocorrelation, which is Shandong Link 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 Link's stock expected returns. We can calculate the autocorrelation of Shandong Link returns to help us make a trade decision. For example, suppose you find that Shandong Link 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 Link 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 Link stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Link stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Link stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Link Lagged Returns
When evaluating Shandong Link's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Link stock have on its future price. Shandong Link 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 Link autocorrelation shows the relationship between Shandong Link stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Link Science.
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 Shandong Stock
Shandong Link 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 Link security.