Shenzhen MTC (China) Market Value
| 002429 Stock | 4.90 0.01 0.20% |
| Symbol | Shenzhen |
Shenzhen MTC '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 MTC'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 MTC.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Shenzhen MTC on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhen MTC Co or generate 0.0% return on investment in Shenzhen MTC over 570 days. Shenzhen MTC is related to or competes with Kweichow Moutai, NAURA Technology, Zhejiang Orient, APT Medical, BYD Co, Shenzhen Mindray, and Contemporary Amperex. Shenzhen MTC is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen MTC 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 MTC'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 MTC Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.22 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 4.64 |
Shenzhen MTC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen MTC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen MTC's standard deviation. In reality, there are many statistical measures that can use Shenzhen MTC historical prices to predict the future Shenzhen MTC's volatility.| Risk Adjusted Performance | 0.0298 | |||
| Jensen Alpha | 0.1292 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.17) |
Shenzhen MTC Backtested Returns
At this point, Shenzhen MTC is moderately volatile. Shenzhen MTC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0557, which indicates the firm had a 0.0557% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shenzhen MTC Co, which you can use to evaluate the volatility of the company. Please validate Shenzhen MTC's Semi Deviation of 2.48, coefficient of variation of 3415.88, and Risk Adjusted Performance of 0.0298 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Shenzhen MTC has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen MTC are expected to decrease at a much lower rate. During the bear market, Shenzhen MTC is likely to outperform the market. Shenzhen MTC right now has a risk of 3.1%. Please validate Shenzhen MTC downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Shenzhen MTC will be following its existing price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Shenzhen MTC Co has poor reverse predictability. Overlapping area represents the amount of predictability between Shenzhen MTC time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 Shenzhen MTC price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Shenzhen MTC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Shenzhen MTC lagged returns against current returns
Autocorrelation, which is Shenzhen MTC 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 MTC's stock expected returns. We can calculate the autocorrelation of Shenzhen MTC returns to help us make a trade decision. For example, suppose you find that Shenzhen MTC 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 MTC 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 MTC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen MTC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen MTC stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen MTC Lagged Returns
When evaluating Shenzhen MTC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen MTC stock have on its future price. Shenzhen MTC 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 MTC autocorrelation shows the relationship between Shenzhen MTC stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen MTC 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 Shenzhen Stock
Shenzhen MTC 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 MTC security.