Bank of Suzhou (China) Market Value
| 002966 Stock | 7.86 0.01 0.13% |
| Symbol | Bank |
Bank of Suzhou '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 Bank of Suzhou'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 Bank of Suzhou.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Bank of Suzhou on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of Suzhou or generate 0.0% return on investment in Bank of Suzhou over 90 days. Bank of Suzhou is related to or competes with Anhui Transport, Chongqing Road, China Publishing, Sichuan Fulin, Dalian Zeus, Guangdong Jinma, and JiShi Media. Bank of Suzhou is entity of China. It is traded as Stock on SHE exchange. More
Bank of Suzhou 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 Bank of Suzhou'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 Bank of Suzhou upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.0232 | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 3.75 |
Bank of Suzhou Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Suzhou's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Suzhou's standard deviation. In reality, there are many statistical measures that can use Bank of Suzhou historical prices to predict the future Bank of Suzhou's volatility.| Risk Adjusted Performance | 0.0716 | |||
| Jensen Alpha | 0.1474 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0237 | |||
| Treynor Ratio | 1.28 |
Bank of Suzhou Backtested Returns
Bank of Suzhou appears to be somewhat reliable, given 3 months investment horizon. Bank of Suzhou secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bank of Suzhou, which you can use to evaluate the volatility of the firm. Please makes use of Bank of Suzhou's Mean Deviation of 1.53, downside deviation of 1.97, and Risk Adjusted Performance of 0.0716 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bank of Suzhou holds a performance score of 9. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bank of Suzhou's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank of Suzhou is expected to be smaller as well. Please check Bank of Suzhou's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Bank of Suzhou's price patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Bank of Suzhou has modest reverse predictability. Overlapping area represents the amount of predictability between Bank of Suzhou time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Bank of Suzhou price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Bank of Suzhou price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Bank of Suzhou lagged returns against current returns
Autocorrelation, which is Bank of Suzhou 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 Bank of Suzhou's stock expected returns. We can calculate the autocorrelation of Bank of Suzhou returns to help us make a trade decision. For example, suppose you find that Bank of Suzhou 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 |
Bank of Suzhou 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 Bank of Suzhou stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Suzhou stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of Suzhou stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Suzhou Lagged Returns
When evaluating Bank of Suzhou's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Suzhou stock have on its future price. Bank of Suzhou 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, Bank of Suzhou autocorrelation shows the relationship between Bank of Suzhou stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Suzhou.
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 Bank Stock
Bank of Suzhou financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank of Suzhou security.