Shanxi Tond (China) Market Value

002360 Stock   5.46  0.17  3.21%   
Shanxi Tond's market value is the price at which a share of Shanxi Tond trades on a public exchange. It measures the collective expectations of Shanxi Tond Chemical investors about its performance. Shanxi Tond is trading at 5.46 as of the 25th of December 2024, a 3.21 percent increase since the beginning of the trading day. The stock's open price was 5.29.
With this module, you can estimate the performance of a buy and hold strategy of Shanxi Tond Chemical and determine expected loss or profit from investing in Shanxi Tond over a given investment horizon. Check out Shanxi Tond Correlation, Shanxi Tond Volatility and Shanxi Tond Alpha and Beta module to complement your research on Shanxi Tond.
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Please note, there is a significant difference between Shanxi Tond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shanxi Tond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shanxi Tond's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Shanxi Tond '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 Shanxi Tond'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 Shanxi Tond.
0.00
11/25/2024
No Change 0.00  0.0 
In 30 days
12/25/2024
0.00
If you would invest  0.00  in Shanxi Tond on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Shanxi Tond Chemical or generate 0.0% return on investment in Shanxi Tond over 30 days. Shanxi Tond is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Shanxi Tond is entity of China. It is traded as Stock on SHE exchange. More

Shanxi Tond 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 Shanxi Tond'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 Shanxi Tond Chemical upside and downside potential and time the market with a certain degree of confidence.

Shanxi Tond Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanxi Tond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanxi Tond's standard deviation. In reality, there are many statistical measures that can use Shanxi Tond historical prices to predict the future Shanxi Tond's volatility.
Hype
Prediction
LowEstimatedHigh
2.935.588.23
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Intrinsic
Valuation
LowRealHigh
2.655.297.95
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shanxi Tond. Your research has to be compared to or analyzed against Shanxi Tond's peers to derive any actionable benefits. When done correctly, Shanxi Tond's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Shanxi Tond Chemical.

Shanxi Tond Chemical Backtested Returns

Shanxi Tond appears to be slightly risky, given 3 months investment horizon. Shanxi Tond Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shanxi Tond Chemical, which you can use to evaluate the volatility of the company. Please review Shanxi Tond's Coefficient Of Variation of 630.54, semi deviation of 1.83, and Risk Adjusted Performance of 0.1337 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanxi Tond holds a performance score of 10. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanxi Tond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanxi Tond is expected to be smaller as well. Please check Shanxi Tond's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shanxi Tond's existing price patterns will revert.

Auto-correlation

    
  -0.18  

Insignificant reverse predictability

Shanxi Tond Chemical has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shanxi Tond time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Shanxi Tond Chemical price movement. The serial correlation of -0.18 indicates that over 18.0% of current Shanxi Tond price fluctuation can be explain by its past prices.
Correlation Coefficient-0.18
Spearman Rank Test-0.4
Residual Average0.0
Price Variance0.03

Shanxi Tond Chemical lagged returns against current returns

Autocorrelation, which is Shanxi Tond 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 Shanxi Tond's stock expected returns. We can calculate the autocorrelation of Shanxi Tond returns to help us make a trade decision. For example, suppose you find that Shanxi Tond 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  

Shanxi Tond 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 Shanxi Tond stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanxi Tond stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanxi Tond stock over time.
   Current vs Lagged Prices   
       Timeline  

Shanxi Tond Lagged Returns

When evaluating Shanxi Tond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanxi Tond stock have on its future price. Shanxi Tond 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, Shanxi Tond autocorrelation shows the relationship between Shanxi Tond stock current value and its past values and can show if there is a momentum factor associated with investing in Shanxi Tond Chemical.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Shanxi Stock

Shanxi Tond financial ratios help investors to determine whether Shanxi 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 Shanxi with respect to the benefits of owning Shanxi Tond security.