SUNSEA Telecommunicatio (China) Market Value
| 002313 Stock | 8.15 0.36 4.23% |
| Symbol | SUNSEA |
SUNSEA Telecommunicatio '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 SUNSEA Telecommunicatio'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 SUNSEA Telecommunicatio.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in SUNSEA Telecommunicatio on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding SUNSEA Telecommunications Co or generate 0.0% return on investment in SUNSEA Telecommunicatio over 30 days. SUNSEA Telecommunicatio is related to or competes with Shenzhen MYS, Shenzhen Bingchuan, Jizhong Energy, Hangzhou Huawang, Henan Lantian, Chongqing Changan, and Shanxi Xishan. SUNSEA Telecommunicatio is entity of China More
SUNSEA Telecommunicatio 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 SUNSEA Telecommunicatio'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 SUNSEA Telecommunications Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.62 | |||
| Information Ratio | 0.0961 | |||
| Maximum Drawdown | 20.09 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 8.51 |
SUNSEA Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SUNSEA Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SUNSEA Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use SUNSEA Telecommunicatio historical prices to predict the future SUNSEA Telecommunicatio's volatility.| Risk Adjusted Performance | 0.1078 | |||
| Jensen Alpha | 0.5099 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1019 | |||
| Treynor Ratio | (2.89) |
SUNSEA Telecommunicatio Backtested Returns
SUNSEA Telecommunicatio appears to be slightly risky, given 3 months investment horizon. SUNSEA Telecommunicatio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of standard deviation over the last 3 months. By evaluating SUNSEA Telecommunicatio's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please review SUNSEA Telecommunicatio's risk adjusted performance of 0.1078, and Coefficient Of Variation of 768.2 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SUNSEA Telecommunicatio holds a performance score of 12. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SUNSEA Telecommunicatio are expected to decrease at a much lower rate. During the bear market, SUNSEA Telecommunicatio is likely to outperform the market. Please check SUNSEA Telecommunicatio's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether SUNSEA Telecommunicatio's existing price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
SUNSEA Telecommunications Co has insignificant predictability. Overlapping area represents the amount of predictability between SUNSEA Telecommunicatio 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 SUNSEA Telecommunicatio price movement. The serial correlation of 0.1 indicates that less than 10.0% of current SUNSEA Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
SUNSEA Telecommunicatio lagged returns against current returns
Autocorrelation, which is SUNSEA Telecommunicatio 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 SUNSEA Telecommunicatio's stock expected returns. We can calculate the autocorrelation of SUNSEA Telecommunicatio returns to help us make a trade decision. For example, suppose you find that SUNSEA Telecommunicatio 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 |
SUNSEA Telecommunicatio 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 SUNSEA Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SUNSEA Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SUNSEA Telecommunicatio stock over time.
Current vs Lagged Prices |
| Timeline |
SUNSEA Telecommunicatio Lagged Returns
When evaluating SUNSEA Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SUNSEA Telecommunicatio stock have on its future price. SUNSEA Telecommunicatio 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, SUNSEA Telecommunicatio autocorrelation shows the relationship between SUNSEA Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in SUNSEA Telecommunications Co.
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 SUNSEA Stock
SUNSEA Telecommunicatio financial ratios help investors to determine whether SUNSEA 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 SUNSEA with respect to the benefits of owning SUNSEA Telecommunicatio security.