Shenzhen Silver (China) Market Value

002786 Stock   11.68  0.08  0.68%   
Shenzhen Silver's market value is the price at which a share of Shenzhen Silver trades on a public exchange. It measures the collective expectations of Shenzhen Silver Basis investors about its performance. Shenzhen Silver is trading at 11.68 as of the 12th of December 2024, a 0.68 percent decrease since the beginning of the trading day. The stock's open price was 11.76.
With this module, you can estimate the performance of a buy and hold strategy of Shenzhen Silver Basis and determine expected loss or profit from investing in Shenzhen Silver over a given investment horizon. Check out Shenzhen Silver Correlation, Shenzhen Silver Volatility and Shenzhen Silver Alpha and Beta module to complement your research on Shenzhen Silver.
Symbol

Please note, there is a significant difference between Shenzhen Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shenzhen Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shenzhen Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
11/12/2024
No Change 0.00  0.0 
In 31 days
12/12/2024
0.00
If you would invest  0.00  in Shenzhen Silver on November 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 30 days. Shenzhen Silver is related to or competes with Jointo Energy, Harbin Air, Harbin Hatou, Jiangsu Yueda, Guangdong Marubi, Hunan Investment, and Cultural Investment. 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.

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.
Hype
Prediction
LowEstimatedHigh
7.4112.2617.11
Details
Intrinsic
Valuation
LowRealHigh
5.149.9914.84
Details
Naive
Forecast
LowNextHigh
8.0612.9117.76
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.1312.0013.88
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shenzhen Silver. Your research has to be compared to or analyzed against Shenzhen Silver's peers to derive any actionable benefits. When done correctly, Shenzhen Silver's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Shenzhen Silver Basis.

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 0.15, which indicates the firm had a 0.15% 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 0.7% is justified by implied risk. Please review Shenzhen Silver's Semi Deviation of 3.51, coefficient of variation of 528.54, and Risk Adjusted Performance of 0.146 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 11. The entity has a beta of 0.19, 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 downside deviation, information ratio, and 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

    
  -0.83  

Excellent reverse predictability

Shenzhen Silver Basis has excellent reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Silver time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 -0.83 indicates that around 83.0% of current Shenzhen Silver price fluctuation can be explain by its past prices.
Correlation Coefficient-0.83
Spearman Rank Test-0.27
Residual Average0.0
Price Variance0.2

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  

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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.