Shenzhen Noposion (China) Market Value
| 002215 Stock | 9.49 0.18 1.86% |
| Symbol | Shenzhen |
Shenzhen Noposion '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 Noposion'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 Noposion.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Shenzhen Noposion on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Noposion Agrochemicals or generate 0.0% return on investment in Shenzhen Noposion over 30 days. Shenzhen Noposion is related to or competes with Tongyu Communication, Holitech Technology, Sunwave Communications, Changchun, Runjian Communication, Guangzhou KingTeller, and Wuhan Yangtze. Shenzhen Noposion is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Noposion 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 Noposion'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 Noposion Agrochemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.1711 | |||
| Maximum Drawdown | 14.18 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 4.51 |
Shenzhen Noposion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Noposion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Noposion's standard deviation. In reality, there are many statistical measures that can use Shenzhen Noposion historical prices to predict the future Shenzhen Noposion's volatility.| Risk Adjusted Performance | 0.1683 | |||
| Jensen Alpha | 0.5923 | |||
| Total Risk Alpha | 0.2102 | |||
| Sortino Ratio | 0.1863 | |||
| Treynor Ratio | (2.11) |
Shenzhen Noposion Backtested Returns
Shenzhen Noposion appears to be somewhat reliable, given 3 months investment horizon. Shenzhen Noposion owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of risk over the last 3 months. By inspecting Shenzhen Noposion's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Shenzhen Noposion's Coefficient Of Variation of 473.4, risk adjusted performance of 0.1683, and Semi Deviation of 1.89 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Noposion holds a performance score of 19. The entity has a beta of -0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shenzhen Noposion are expected to decrease at a much lower rate. During the bear market, Shenzhen Noposion is likely to outperform the market. Please check Shenzhen Noposion's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen Noposion's existing price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Shenzhen Noposion Agrochemicals has very weak reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Noposion time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Shenzhen Noposion price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Shenzhen Noposion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Shenzhen Noposion lagged returns against current returns
Autocorrelation, which is Shenzhen Noposion 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 Noposion's stock expected returns. We can calculate the autocorrelation of Shenzhen Noposion returns to help us make a trade decision. For example, suppose you find that Shenzhen Noposion 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 Noposion 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 Noposion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Noposion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Noposion stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Noposion Lagged Returns
When evaluating Shenzhen Noposion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Noposion stock have on its future price. Shenzhen Noposion 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 Noposion autocorrelation shows the relationship between Shenzhen Noposion stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Noposion Agrochemicals.
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 Noposion 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 Noposion security.