Shenzhen Glory (China) Market Value
| 002551 Stock | 3.23 0.16 4.72% |
| Symbol | Shenzhen |
Shenzhen Glory '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 Glory'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 Glory.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Shenzhen Glory on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Glory Medical or generate 0.0% return on investment in Shenzhen Glory over 30 days. Shenzhen Glory is related to or competes with Lutian Machinery, China Longyuan, Changshu Tongrun, PetroChina, Bank of China, Guangxi Guiguan, and Yantai North. Shenzhen Glory is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Glory 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 Glory'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 Glory Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.093 | |||
| Maximum Drawdown | 19.67 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 5.45 |
Shenzhen Glory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Glory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Glory's standard deviation. In reality, there are many statistical measures that can use Shenzhen Glory historical prices to predict the future Shenzhen Glory's volatility.| Risk Adjusted Performance | 0.1096 | |||
| Jensen Alpha | 0.4683 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0974 | |||
| Treynor Ratio | (1.19) |
Shenzhen Glory Medical Backtested Returns
Shenzhen Glory appears to be risky, given 3 months investment horizon. Shenzhen Glory Medical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. By inspecting Shenzhen Glory's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Shenzhen Glory's Coefficient Of Variation of 752.19, risk adjusted performance of 0.1096, and Semi Deviation of 2.79 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Glory holds a performance score of 12. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen Glory are expected to decrease at a much lower rate. During the bear market, Shenzhen Glory is likely to outperform the market. Please check Shenzhen Glory's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen Glory's existing price patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Shenzhen Glory Medical has weak reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Glory time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Glory Medical price movement. The serial correlation of -0.24 indicates that over 24.0% of current Shenzhen Glory price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Shenzhen Glory Medical lagged returns against current returns
Autocorrelation, which is Shenzhen Glory 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 Glory's stock expected returns. We can calculate the autocorrelation of Shenzhen Glory returns to help us make a trade decision. For example, suppose you find that Shenzhen Glory 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 Glory 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 Glory stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Glory stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Glory stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Glory Lagged Returns
When evaluating Shenzhen Glory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Glory stock have on its future price. Shenzhen Glory 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 Glory autocorrelation shows the relationship between Shenzhen Glory stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Glory Medical.
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 Glory 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 Glory security.