Shenzhen INVT (China) Market Value
| 002334 Stock | 8.10 0.26 3.32% |
| Symbol | Shenzhen |
Shenzhen INVT '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 INVT'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 INVT.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Shenzhen INVT on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhen INVT Electric or generate 0.0% return on investment in Shenzhen INVT over 510 days. Shenzhen INVT is related to or competes with Shuhua Sports, Sichuan Fulin, Fujian Nanwang, Hang Xiao, Fujian Longzhou, and Guangdong Liantai. Shenzhen INVT is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen INVT 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 INVT'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 INVT Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.1602 | |||
| Maximum Drawdown | 18.71 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 4.27 |
Shenzhen INVT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen INVT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen INVT's standard deviation. In reality, there are many statistical measures that can use Shenzhen INVT historical prices to predict the future Shenzhen INVT's volatility.| Risk Adjusted Performance | 0.1552 | |||
| Jensen Alpha | 0.6221 | |||
| Total Risk Alpha | 0.1195 | |||
| Sortino Ratio | 0.1592 | |||
| Treynor Ratio | (1.12) |
Shenzhen INVT Electric Backtested Returns
Shenzhen INVT appears to be slightly risky, given 3 months investment horizon. Shenzhen INVT Electric 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 INVT's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Shenzhen INVT's Semi Deviation of 2.15, coefficient of variation of 488.94, and Risk Adjusted Performance of 0.1552 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen INVT holds a performance score of 18. The entity has a beta of -0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen INVT are expected to decrease at a much lower rate. During the bear market, Shenzhen INVT is likely to outperform the market. Please check Shenzhen INVT's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen INVT's existing price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Shenzhen INVT Electric has insignificant predictability. Overlapping area represents the amount of predictability between Shenzhen INVT time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th of December 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 INVT Electric price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Shenzhen INVT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Shenzhen INVT Electric lagged returns against current returns
Autocorrelation, which is Shenzhen INVT 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 INVT's stock expected returns. We can calculate the autocorrelation of Shenzhen INVT returns to help us make a trade decision. For example, suppose you find that Shenzhen INVT 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 INVT 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 INVT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen INVT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen INVT stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen INVT Lagged Returns
When evaluating Shenzhen INVT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen INVT stock have on its future price. Shenzhen INVT 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 INVT autocorrelation shows the relationship between Shenzhen INVT stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen INVT Electric.
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 INVT 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 INVT security.