Shanghai Yaoji (China) Market Value
| 002605 Stock | 31.78 0.30 0.94% |
| Symbol | Shanghai |
Shanghai Yaoji '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 Shanghai Yaoji'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 Shanghai Yaoji.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Shanghai Yaoji on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Yaoji Playing or generate 0.0% return on investment in Shanghai Yaoji over 30 days. Shanghai Yaoji is related to or competes with China State, China Merchants, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Shanghai Yaoji is entity of China. It is traded as Stock on SHE exchange. More
Shanghai Yaoji 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 Shanghai Yaoji'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 Shanghai Yaoji Playing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.77 | |||
| Information Ratio | 0.1936 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (6.01) | |||
| Potential Upside | 9.99 |
Shanghai Yaoji Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Yaoji's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Yaoji's standard deviation. In reality, there are many statistical measures that can use Shanghai Yaoji historical prices to predict the future Shanghai Yaoji's volatility.| Risk Adjusted Performance | 0.1783 | |||
| Jensen Alpha | 0.9968 | |||
| Total Risk Alpha | 0.3059 | |||
| Sortino Ratio | 0.2275 | |||
| Treynor Ratio | (4.57) |
Shanghai Yaoji Playing Backtested Returns
Shanghai Yaoji appears to be not too volatile, given 3 months investment horizon. Shanghai Yaoji Playing owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. By inspecting Shanghai Yaoji's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please review Shanghai Yaoji's Risk Adjusted Performance of 0.1783, coefficient of variation of 450.58, and Semi Deviation of 3.27 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Yaoji 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, returns on owning Shanghai Yaoji are expected to decrease at a much lower rate. During the bear market, Shanghai Yaoji is likely to outperform the market. Please check Shanghai Yaoji's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shanghai Yaoji's existing price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Shanghai Yaoji Playing has very weak reverse predictability. Overlapping area represents the amount of predictability between Shanghai Yaoji time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Shanghai Yaoji Playing price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Shanghai Yaoji price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 1.79 |
Shanghai Yaoji Playing lagged returns against current returns
Autocorrelation, which is Shanghai Yaoji 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 Shanghai Yaoji's stock expected returns. We can calculate the autocorrelation of Shanghai Yaoji returns to help us make a trade decision. For example, suppose you find that Shanghai Yaoji 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 |
Shanghai Yaoji 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 Shanghai Yaoji stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Yaoji stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Yaoji stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Yaoji Lagged Returns
When evaluating Shanghai Yaoji's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Yaoji stock have on its future price. Shanghai Yaoji 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, Shanghai Yaoji autocorrelation shows the relationship between Shanghai Yaoji stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Yaoji Playing.
Regressed Prices |
| Timeline |
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Shanghai Yaoji financial ratios help investors to determine whether Shanghai 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 Shanghai with respect to the benefits of owning Shanghai Yaoji security.