Shenzhen Zhongzhuang (China) Market Value
| 002822 Stock | 3.83 0.04 1.06% |
| Symbol | Shenzhen |
Shenzhen Zhongzhuang '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 Zhongzhuang'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 Zhongzhuang.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Shenzhen Zhongzhuang on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Zhongzhuang Construction or generate 0.0% return on investment in Shenzhen Zhongzhuang over 300 days. Shenzhen Zhongzhuang is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. Shenzhen Zhongzhuang is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Zhongzhuang 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 Zhongzhuang'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 Zhongzhuang Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | 0.346 | |||
| Maximum Drawdown | 10.33 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 5.18 |
Shenzhen Zhongzhuang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Zhongzhuang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Zhongzhuang's standard deviation. In reality, there are many statistical measures that can use Shenzhen Zhongzhuang historical prices to predict the future Shenzhen Zhongzhuang's volatility.| Risk Adjusted Performance | 0.3013 | |||
| Jensen Alpha | 1.23 | |||
| Total Risk Alpha | 0.7611 | |||
| Sortino Ratio | 0.3293 | |||
| Treynor Ratio | 2.74 |
Shenzhen Zhongzhuang Backtested Returns
Shenzhen Zhongzhuang is unstable given 3 months investment horizon. Shenzhen Zhongzhuang owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.41, which indicates the firm had a 0.41% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.37% are justified by taking the suggested risk. Use Shenzhen Zhongzhuang Semi Deviation of 2.4, coefficient of variation of 260.32, and Risk Adjusted Performance of 0.3013 to evaluate company specific risk that cannot be diversified away. Shenzhen Zhongzhuang holds a performance score of 32 on a scale of zero to a hundred. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shenzhen Zhongzhuang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Zhongzhuang is expected to be smaller as well. Use Shenzhen Zhongzhuang mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Shenzhen Zhongzhuang.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Shenzhen Zhongzhuang Construction has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Zhongzhuang time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Shenzhen Zhongzhuang price movement. The serial correlation of -0.79 indicates that around 79.0% of current Shenzhen Zhongzhuang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Shenzhen Zhongzhuang lagged returns against current returns
Autocorrelation, which is Shenzhen Zhongzhuang 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 Zhongzhuang's stock expected returns. We can calculate the autocorrelation of Shenzhen Zhongzhuang returns to help us make a trade decision. For example, suppose you find that Shenzhen Zhongzhuang 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 Zhongzhuang 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 Zhongzhuang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Zhongzhuang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Zhongzhuang stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Zhongzhuang Lagged Returns
When evaluating Shenzhen Zhongzhuang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Zhongzhuang stock have on its future price. Shenzhen Zhongzhuang 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 Zhongzhuang autocorrelation shows the relationship between Shenzhen Zhongzhuang stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Zhongzhuang Construction.
Regressed Prices |
| Timeline |
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Shenzhen Zhongzhuang 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 Zhongzhuang security.