Shandong Hongchuang (China) Market Value
| 002379 Stock | 10.00 0.06 0.60% |
| Symbol | Shandong |
Shandong Hongchuang '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 Shandong Hongchuang'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 Shandong Hongchuang.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Shandong Hongchuang on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Hongchuang Aluminum or generate 0.0% return on investment in Shandong Hongchuang over 30 days. Shandong Hongchuang is related to or competes with Shaanxi Meineng, Fujian Longzhou, Fiberhome Telecommunicatio, Keda Clean, Dazhong Transportation, Kingclean Electric, and Nanjing Putian. Shandong Hongchuang is entity of China. It is traded as Stock on SHE exchange. More
Shandong Hongchuang 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 Shandong Hongchuang'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 Shandong Hongchuang Aluminum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.23 | |||
| Information Ratio | 0.2129 | |||
| Maximum Drawdown | 15.97 | |||
| Value At Risk | (5.17) | |||
| Potential Upside | 10.03 |
Shandong Hongchuang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Hongchuang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Hongchuang's standard deviation. In reality, there are many statistical measures that can use Shandong Hongchuang historical prices to predict the future Shandong Hongchuang's volatility.| Risk Adjusted Performance | 0.1925 | |||
| Jensen Alpha | 0.7893 | |||
| Total Risk Alpha | 0.7079 | |||
| Sortino Ratio | 0.2396 | |||
| Treynor Ratio | 3.72 |
Shandong Hongchuang Backtested Returns
Shandong Hongchuang appears to be somewhat reliable, given 3 months investment horizon. Shandong Hongchuang owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19 % return per unit of risk over the last 3 months. By inspecting Shandong Hongchuang's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please review Shandong Hongchuang's Risk Adjusted Performance of 0.1925, semi deviation of 2.23, and Coefficient Of Variation of 452.33 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Hongchuang holds a performance score of 15. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shandong Hongchuang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shandong Hongchuang is expected to be smaller as well. Please check Shandong Hongchuang'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 Shandong Hongchuang's existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Shandong Hongchuang Aluminum has no correlation between past and present. Overlapping area represents the amount of predictability between Shandong Hongchuang time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shandong Hongchuang price movement. The serial correlation of 0.0 indicates that just 0.0% of current Shandong Hongchuang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Shandong Hongchuang lagged returns against current returns
Autocorrelation, which is Shandong Hongchuang 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 Shandong Hongchuang's stock expected returns. We can calculate the autocorrelation of Shandong Hongchuang returns to help us make a trade decision. For example, suppose you find that Shandong Hongchuang 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 |
Shandong Hongchuang 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 Shandong Hongchuang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Hongchuang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Hongchuang stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Hongchuang Lagged Returns
When evaluating Shandong Hongchuang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Hongchuang stock have on its future price. Shandong Hongchuang 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, Shandong Hongchuang autocorrelation shows the relationship between Shandong Hongchuang stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Hongchuang Aluminum.
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 Shandong Stock
Shandong Hongchuang financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Hongchuang security.