Shandong Longquan (China) Market Value
| 002671 Stock | 4.69 0.14 3.08% |
| 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.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Shandong Longquan on July 5, 2023 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 510 days. Shandong Longquan is related to or competes with Long Yuan, Allied Machinery, Anhui Huilong, Metro Investment, Huasi Agricultural, Shenzhen Centralcon, and Hubei Geoway. Shandong Longquan is entity of China. It is traded as Stock on SHE exchange. 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 | 2.95 | |||
| Information Ratio | 0.0998 | |||
| Maximum Drawdown | 19.35 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 6.24 |
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 | 0.1153 | |||
| Jensen Alpha | 0.4865 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1057 | |||
| Treynor Ratio | (0.92) |
Shandong Longquan Backtested Returns
Shandong Longquan appears to be relatively risky, given 3 months investment horizon. Shandong Longquan 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 Shandong Longquan's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please review Shandong Longquan's Semi Deviation of 2.44, risk adjusted performance of 0.1153, and Coefficient Of Variation of 709.23 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Longquan holds a performance score of 12. The entity has a beta of -0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shandong Longquan are expected to decrease at a much lower rate. During the bear market, Shandong Longquan is likely to outperform the market. Please check Shandong Longquan's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shandong Longquan's existing price patterns will revert.
Auto-correlation | -0.8 |
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 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Longquan price movement. The serial correlation of -0.8 indicates that around 80.0% of current Shandong Longquan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
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 |
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 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.