Shenzhen Clou (China) Market Value
| 002121 Stock | 4.43 0.23 4.94% |
| Symbol | Shenzhen |
Shenzhen Clou '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 Clou'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 Clou.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Shenzhen Clou on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Clou Electronics or generate 0.0% return on investment in Shenzhen Clou over 30 days. Shenzhen Clou is related to or competes with Harbin Hatou, Jointo Energy, Xian International, Cofoe Medical, Hengkang Medical, and Cowealth Medical. Shenzhen Clou is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Clou 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 Clou'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 Clou Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.0893 | |||
| Maximum Drawdown | 19.21 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 6.42 |
Shenzhen Clou Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Clou's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Clou's standard deviation. In reality, there are many statistical measures that can use Shenzhen Clou historical prices to predict the future Shenzhen Clou's volatility.| Risk Adjusted Performance | 0.1057 | |||
| Jensen Alpha | 0.3699 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.1005 | |||
| Treynor Ratio | 1.12 |
Shenzhen Clou Electronics Backtested Returns
Shenzhen Clou appears to be relatively risky, given 3 months investment horizon. Shenzhen Clou Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Shenzhen Clou's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please review Shenzhen Clou's Risk Adjusted Performance of 0.1057, coefficient of variation of 779.92, and Semi Deviation of 2.5 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Clou holds a performance score of 11. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shenzhen Clou's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Clou is expected to be smaller as well. Please check Shenzhen Clou's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen Clou's existing price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
Shenzhen Clou Electronics has modest predictability. Overlapping area represents the amount of predictability between Shenzhen Clou time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Clou Electronics price movement. The serial correlation of 0.54 indicates that about 54.0% of current Shenzhen Clou price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Shenzhen Clou Electronics lagged returns against current returns
Autocorrelation, which is Shenzhen Clou 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 Clou's stock expected returns. We can calculate the autocorrelation of Shenzhen Clou returns to help us make a trade decision. For example, suppose you find that Shenzhen Clou 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 Clou 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 Clou stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Clou stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Clou stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Clou Lagged Returns
When evaluating Shenzhen Clou's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Clou stock have on its future price. Shenzhen Clou 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 Clou autocorrelation shows the relationship between Shenzhen Clou stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Clou Electronics.
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 Shenzhen Stock
Shenzhen Clou 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 Clou security.