Shenzhen Silver (China) Market Value
| 002786 Stock | 11.76 0.09 0.77% |
| Symbol | Shenzhen |
Shenzhen Silver '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 Silver'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 Silver.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Shenzhen Silver on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Silver Basis or generate 0.0% return on investment in Shenzhen Silver over 90 days. Shenzhen Silver is related to or competes with Hunan Mendale, Oppein Home, Chengdu Spaceon, Sanbo Hospital, Shandong Homey, and Ningbo Ligong. Shenzhen Silver is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Silver 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 Silver'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 Silver Basis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | 0.1698 | |||
| Maximum Drawdown | 19.66 | |||
| Value At Risk | (6.36) | |||
| Potential Upside | 10.03 |
Shenzhen Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Silver's standard deviation. In reality, there are many statistical measures that can use Shenzhen Silver historical prices to predict the future Shenzhen Silver's volatility.| Risk Adjusted Performance | 0.1495 | |||
| Jensen Alpha | 0.9305 | |||
| Total Risk Alpha | 0.1701 | |||
| Sortino Ratio | 0.1992 | |||
| Treynor Ratio | 5.76 |
Shenzhen Silver Basis Backtested Returns
Shenzhen Silver appears to be slightly risky, given 3 months investment horizon. Shenzhen Silver Basis 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 Silver's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please review Shenzhen Silver's Risk Adjusted Performance of 0.1495, coefficient of variation of 512.56, and Semi Deviation of 3.55 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Silver holds a performance score of 12. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shenzhen Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Silver is expected to be smaller as well. Please check Shenzhen Silver's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen Silver's existing price patterns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Shenzhen Silver Basis has very good reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Silver time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Shenzhen Silver Basis price movement. The serial correlation of -0.7 indicates that around 70.0% of current Shenzhen Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
Shenzhen Silver Basis lagged returns against current returns
Autocorrelation, which is Shenzhen Silver 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 Silver's stock expected returns. We can calculate the autocorrelation of Shenzhen Silver returns to help us make a trade decision. For example, suppose you find that Shenzhen Silver 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 Silver 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 Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Silver Lagged Returns
When evaluating Shenzhen Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Silver stock have on its future price. Shenzhen Silver 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 Silver autocorrelation shows the relationship between Shenzhen Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Silver Basis.
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 Silver 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 Silver security.