Shaanxi Energy (China) Market Value
| 001286 Stock | 9.47 0.34 3.47% |
| Symbol | Shaanxi |
Shaanxi Energy '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 Shaanxi Energy'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 Shaanxi Energy.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Shaanxi Energy on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Shaanxi Energy Investment or generate 0.0% return on investment in Shaanxi Energy over 60 days. Shaanxi Energy is related to or competes with Zhejiang Kingland, Xiangyang Automobile, Suzhou Novoprotein, and COL Digital. Shaanxi Energy is entity of China. It is traded as Stock on SHE exchange. More
Shaanxi Energy 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 Shaanxi Energy'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 Shaanxi Energy Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 13.21 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 3.31 |
Shaanxi Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shaanxi Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shaanxi Energy's standard deviation. In reality, there are many statistical measures that can use Shaanxi Energy historical prices to predict the future Shaanxi Energy's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.1942 |
Shaanxi Energy Investment Backtested Returns
At this point, Shaanxi Energy is somewhat reliable. Shaanxi Energy Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0146, which indicates the firm had a 0.0146% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Shaanxi Energy Investment, which you can use to evaluate the volatility of the company. Please validate Shaanxi Energy's Variance of 4.46, coefficient of variation of (2,904), and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.031%. Shaanxi Energy has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shaanxi Energy are expected to decrease at a much lower rate. During the bear market, Shaanxi Energy is likely to outperform the market. Shaanxi Energy Investment right now has a risk of 2.12%. Please validate Shaanxi Energy market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Shaanxi Energy will be following its existing price patterns.
Auto-correlation | -0.85 |
Excellent reverse predictability
Shaanxi Energy Investment has excellent reverse predictability. Overlapping area represents the amount of predictability between Shaanxi Energy time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd of November 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 Shaanxi Energy Investment price movement. The serial correlation of -0.85 indicates that around 85.0% of current Shaanxi Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Shaanxi Energy Investment lagged returns against current returns
Autocorrelation, which is Shaanxi Energy 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 Shaanxi Energy's stock expected returns. We can calculate the autocorrelation of Shaanxi Energy returns to help us make a trade decision. For example, suppose you find that Shaanxi Energy 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 |
Shaanxi Energy 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 Shaanxi Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shaanxi Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shaanxi Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Shaanxi Energy Lagged Returns
When evaluating Shaanxi Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shaanxi Energy stock have on its future price. Shaanxi Energy 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, Shaanxi Energy autocorrelation shows the relationship between Shaanxi Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Shaanxi Energy Investment.
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 Shaanxi Stock
Shaanxi Energy financial ratios help investors to determine whether Shaanxi 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 Shaanxi with respect to the benefits of owning Shaanxi Energy security.