Shenzhen Laibao (China) Market Value
| 002106 Stock | 11.56 0.60 5.47% |
| Symbol | Shenzhen |
Shenzhen Laibao '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 Laibao'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 Laibao.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Shenzhen Laibao on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Laibao High Technology or generate 0.0% return on investment in Shenzhen Laibao over 30 days. Shenzhen Laibao is related to or competes with China State, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Shenzhen Laibao is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Laibao 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 Laibao'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 Laibao High Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.64 | |||
| Information Ratio | 0.0595 | |||
| Maximum Drawdown | 17.36 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 7.21 |
Shenzhen Laibao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Laibao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Laibao's standard deviation. In reality, there are many statistical measures that can use Shenzhen Laibao historical prices to predict the future Shenzhen Laibao's volatility.| Risk Adjusted Performance | 0.0796 | |||
| Jensen Alpha | 0.3661 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0601 | |||
| Treynor Ratio | (1.21) |
Shenzhen Laibao High Backtested Returns
Shenzhen Laibao appears to be somewhat reliable, given 3 months investment horizon. Shenzhen Laibao High owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Shenzhen Laibao's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review Shenzhen Laibao's Coefficient Of Variation of 1068.92, semi deviation of 3.3, and Risk Adjusted Performance of 0.0796 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Laibao holds a performance score of 13. The entity has a beta of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shenzhen Laibao are expected to decrease at a much lower rate. During the bear market, Shenzhen Laibao is likely to outperform the market. Please check Shenzhen Laibao's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen Laibao's existing price patterns will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Shenzhen Laibao High Technology has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Laibao time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Shenzhen Laibao High price movement. The serial correlation of -0.2 indicates that over 20.0% of current Shenzhen Laibao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Shenzhen Laibao High lagged returns against current returns
Autocorrelation, which is Shenzhen Laibao 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 Laibao's stock expected returns. We can calculate the autocorrelation of Shenzhen Laibao returns to help us make a trade decision. For example, suppose you find that Shenzhen Laibao 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 Laibao 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 Laibao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Laibao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Laibao stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Laibao Lagged Returns
When evaluating Shenzhen Laibao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Laibao stock have on its future price. Shenzhen Laibao 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 Laibao autocorrelation shows the relationship between Shenzhen Laibao stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Laibao High Technology.
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 Shenzhen Stock
Shenzhen Laibao 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 Laibao security.