Shandong Longquan (China) Market Value
| 002671 Stock | 4.74 0.09 1.94% |
| Symbol | Shandong |
Shandong Longquan '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 Longquan'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 Longquan.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in Shandong Longquan on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding Shandong Longquan Pipeline or generate 0.0% return on investment in Shandong Longquan over 30 days. Shandong Longquan is related to or competes with Hangzhou Guotai, Shenzhen MYS, Dynagreen Environmental, Hainan Haiqi, Shaanxi Broadcast, Tongxing Environmental, and Baoshan Iron. More
Shandong Longquan 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 Longquan'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 Longquan Pipeline upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.0 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 3.08 |
Shandong Longquan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Longquan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Longquan's standard deviation. In reality, there are many statistical measures that can use Shandong Longquan historical prices to predict the future Shandong Longquan's volatility.| Risk Adjusted Performance | 0.0216 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0499 |
Shandong Longquan Backtested Returns
At this point, Shandong Longquan is slightly risky. Shandong Longquan owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0186, which indicates the firm had a 0.0186 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shandong Longquan Pipeline, which you can use to evaluate the volatility of the company. Please validate Shandong Longquan's Coefficient Of Variation of 5370.7, risk adjusted performance of 0.0216, and Semi Deviation of 2.05 to confirm if the risk estimate we provide is consistent with the expected return of 0.0385%. Shandong Longquan has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shandong Longquan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shandong Longquan is expected to be smaller as well. Shandong Longquan right now has a risk of 2.07%. Please validate Shandong Longquan semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Shandong Longquan will be following its existing price patterns.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Shandong Longquan Pipeline has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Shandong Longquan time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 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 Longquan price movement. The serial correlation of -0.77 indicates that around 77.0% of current Shandong Longquan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shandong Longquan lagged returns against current returns
Autocorrelation, which is Shandong Longquan 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 Longquan's stock expected returns. We can calculate the autocorrelation of Shandong Longquan returns to help us make a trade decision. For example, suppose you find that Shandong Longquan 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 Longquan 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 Longquan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Longquan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Longquan stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Longquan Lagged Returns
When evaluating Shandong Longquan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Longquan stock have on its future price. Shandong Longquan 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 Longquan autocorrelation shows the relationship between Shandong Longquan stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Longquan Pipeline.
Regressed Prices |
| Timeline |
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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 Longquan 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 Longquan security.