SH Energy (Korea) Market Value
| 002360 Stock | 550.00 5.00 0.90% |
| Symbol | 002360 |
SH Energy '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 SH Energy'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 SH Energy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in SH Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding SH Energy Chemical or generate 0.0% return on investment in SH Energy over 30 days. SH Energy is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
SH Energy 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 SH Energy'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 SH Energy Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 20.95 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 6.82 |
SH Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SH Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SH Energy's standard deviation. In reality, there are many statistical measures that can use SH Energy historical prices to predict the future SH Energy's volatility.| Risk Adjusted Performance | 0.0112 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0174 |
SH Energy Chemical Backtested Returns
At this point, SH Energy is very steady. SH Energy Chemical retains Efficiency (Sharpe Ratio) of 0.0327, which indicates the firm had a 0.0327% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for SH Energy, which you can use to evaluate the volatility of the company. Please validate SH Energy's Mean Deviation of 1.78, risk adjusted performance of 0.0112, and Downside Deviation of 2.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. SH Energy has a performance score of 2 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SH Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding SH Energy is expected to be smaller as well. SH Energy Chemical today owns a risk of 3.1%. Please validate SH Energy Chemical market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if SH Energy Chemical will be following its current price history.
Auto-correlation | 0.17 |
Very weak predictability
SH Energy Chemical has very weak predictability. Overlapping area represents the amount of predictability between SH Energy time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 SH Energy Chemical price movement. The serial correlation of 0.17 indicates that over 17.0% of current SH Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 253.47 |
SH Energy Chemical lagged returns against current returns
Autocorrelation, which is SH Energy 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 SH Energy's stock expected returns. We can calculate the autocorrelation of SH Energy returns to help us make a trade decision. For example, suppose you find that SH Energy 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 |
SH Energy 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 SH Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SH Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SH Energy stock over time.
Current vs Lagged Prices |
| Timeline |
SH Energy Lagged Returns
When evaluating SH Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SH Energy stock have on its future price. SH Energy 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, SH Energy autocorrelation shows the relationship between SH Energy stock current value and its past values and can show if there is a momentum factor associated with investing in SH Energy Chemical.
Regressed Prices |
| Timeline |
Pair Trading with SH Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SH Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SH Energy will appreciate offsetting losses from the drop in the long position's value.Moving against 002360 Stock
The ability to find closely correlated positions to SH Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SH Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SH Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SH Energy Chemical to buy it.
The correlation of SH Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SH Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SH Energy Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SH Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in 002360 Stock
SH Energy financial ratios help investors to determine whether 002360 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 002360 with respect to the benefits of owning SH Energy security.