Shenzhen Worldunion (China) Market Value
| 002285 Stock | 3.02 0.05 1.63% |
| Symbol | Shenzhen |
Shenzhen Worldunion '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 Worldunion'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 Worldunion.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Shenzhen Worldunion on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Worldunion Properties or generate 0.0% return on investment in Shenzhen Worldunion over 30 days. Shenzhen Worldunion is related to or competes with Yankershop Food, Anji Foodstuff, Ligao Foods, Songz Automobile, Iat Automobile, V V, and CIMC Vehicles. Shenzhen Worldunion is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Worldunion 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 Worldunion'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 Worldunion Properties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.04 | |||
| Information Ratio | 0.1193 | |||
| Maximum Drawdown | 20.1 | |||
| Value At Risk | (9.00) | |||
| Potential Upside | 9.96 |
Shenzhen Worldunion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Worldunion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Worldunion's standard deviation. In reality, there are many statistical measures that can use Shenzhen Worldunion historical prices to predict the future Shenzhen Worldunion's volatility.| Risk Adjusted Performance | 0.1184 | |||
| Jensen Alpha | 0.6338 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1297 | |||
| Treynor Ratio | 0.6673 |
Shenzhen Worldunion Backtested Returns
Shenzhen Worldunion is very risky given 3 months investment horizon. Shenzhen Worldunion owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Shenzhen Worldunion Semi Deviation of 4.35, coefficient of variation of 698.51, and Risk Adjusted Performance of 0.1184 to evaluate company specific risk that cannot be diversified away. Shenzhen Worldunion holds a performance score of 16 on a scale of zero to a hundred. The entity has a beta of 1.16, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Shenzhen Worldunion will likely underperform. Use Shenzhen Worldunion mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Shenzhen Worldunion.
Auto-correlation | -0.6 |
Good reverse predictability
Shenzhen Worldunion Properties has good reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Worldunion time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Worldunion price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Shenzhen Worldunion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Shenzhen Worldunion lagged returns against current returns
Autocorrelation, which is Shenzhen Worldunion 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 Worldunion's stock expected returns. We can calculate the autocorrelation of Shenzhen Worldunion returns to help us make a trade decision. For example, suppose you find that Shenzhen Worldunion 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 Worldunion 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 Worldunion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Worldunion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Worldunion stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Worldunion Lagged Returns
When evaluating Shenzhen Worldunion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Worldunion stock have on its future price. Shenzhen Worldunion 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 Worldunion autocorrelation shows the relationship between Shenzhen Worldunion stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Worldunion Properties.
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 Worldunion 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 Worldunion security.