Simei Media (China) Market Value
| 002712 Stock | 6.24 0.10 1.63% |
| Symbol | Simei |
Simei Media '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 Simei Media'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 Simei Media.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Simei Media on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Simei Media Co or generate 0.0% return on investment in Simei Media over 180 days. Simei Media is related to or competes with Gansu Jiu, Ming Yang, Aba Chemicals, Loctek Ergonomic, Queclink Wireless, Changchun Faway, and Shandong Ruifeng. Simei Media is entity of China. It is traded as Stock on SHE exchange. More
Simei Media 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 Simei Media'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 Simei Media Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.98 | |||
| Information Ratio | 0.1722 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (9.90) | |||
| Potential Upside | 9.97 |
Simei Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simei Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simei Media's standard deviation. In reality, there are many statistical measures that can use Simei Media historical prices to predict the future Simei Media's volatility.| Risk Adjusted Performance | 0.1617 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | 0.1532 | |||
| Sortino Ratio | 0.1685 | |||
| Treynor Ratio | (1.65) |
Simei Media Backtested Returns
Simei Media is unstable given 3 months investment horizon. Simei Media owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Simei Media Risk Adjusted Performance of 0.1617, semi deviation of 4.42, and Coefficient Of Variation of 498.9 to evaluate company specific risk that cannot be diversified away. Simei Media holds a performance score of 16 on a scale of zero to a hundred. The entity has a beta of -0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Simei Media are expected to decrease at a much lower rate. During the bear market, Simei Media is likely to outperform the market. Use Simei Media semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to analyze future returns on Simei Media.
Auto-correlation | -0.7 |
Very good reverse predictability
Simei Media Co has very good reverse predictability. Overlapping area represents the amount of predictability between Simei Media time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Simei Media price movement. The serial correlation of -0.7 indicates that around 70.0% of current Simei Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
Simei Media lagged returns against current returns
Autocorrelation, which is Simei Media 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 Simei Media's stock expected returns. We can calculate the autocorrelation of Simei Media returns to help us make a trade decision. For example, suppose you find that Simei Media 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 |
Simei Media 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 Simei Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simei Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simei Media stock over time.
Current vs Lagged Prices |
| Timeline |
Simei Media Lagged Returns
When evaluating Simei Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simei Media stock have on its future price. Simei Media 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, Simei Media autocorrelation shows the relationship between Simei Media stock current value and its past values and can show if there is a momentum factor associated with investing in Simei Media Co.
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 Simei Stock
Simei Media financial ratios help investors to determine whether Simei 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 Simei with respect to the benefits of owning Simei Media security.