Shandong Polymer (China) Market Value
| 002476 Stock | 4.45 0.16 3.47% |
| Symbol | Shandong |
Shandong Polymer '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 Polymer'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 Polymer.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Shandong Polymer on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Polymer Biochemicals or generate 0.0% return on investment in Shandong Polymer over 30 days. Shandong Polymer is related to or competes with Zijin Mining, Wanhua Chemical, Shandong Gold, Inner Mongolia, Jiangxi Ganfeng, Zhejiang Juhua, and Yunnan Aluminium. Shandong Polymer is entity of China. It is traded as Stock on SHE exchange. More
Shandong Polymer 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 Polymer'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 Polymer Biochemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.0847 | |||
| Maximum Drawdown | 16.23 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 6.83 |
Shandong Polymer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Polymer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Polymer's standard deviation. In reality, there are many statistical measures that can use Shandong Polymer historical prices to predict the future Shandong Polymer's volatility.| Risk Adjusted Performance | 0.099 | |||
| Jensen Alpha | 0.3416 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0819 | |||
| Treynor Ratio | 1.7 |
Shandong Polymer Bio Backtested Returns
Shandong Polymer appears to be moderately volatile, given 3 months investment horizon. Shandong Polymer Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shandong Polymer Biochemicals, which you can use to evaluate the volatility of the company. Please review Shandong Polymer's Semi Deviation of 2.72, risk adjusted performance of 0.099, and Coefficient Of Variation of 834.23 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Polymer holds a performance score of 10. 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 Polymer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shandong Polymer is expected to be smaller as well. Please check Shandong Polymer's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shandong Polymer's existing price patterns will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Shandong Polymer Biochemicals has very good reverse predictability. Overlapping area represents the amount of predictability between Shandong Polymer time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Shandong Polymer Bio price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Shandong Polymer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Shandong Polymer Bio lagged returns against current returns
Autocorrelation, which is Shandong Polymer 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 Polymer's stock expected returns. We can calculate the autocorrelation of Shandong Polymer returns to help us make a trade decision. For example, suppose you find that Shandong Polymer 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 Polymer 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 Polymer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Polymer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Polymer stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Polymer Lagged Returns
When evaluating Shandong Polymer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Polymer stock have on its future price. Shandong Polymer 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 Polymer autocorrelation shows the relationship between Shandong Polymer stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Polymer Biochemicals.
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 Polymer 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 Polymer security.