Shandong Sino (China) Market Value
| 003042 Stock | 17.97 1.63 9.98% |
| Symbol | Shandong |
Shandong Sino '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 Shandong Sino'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 Shandong Sino.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Shandong Sino on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Shandong Sino Agri United or generate 0.0% return on investment in Shandong Sino over 720 days. Shandong Sino is related to or competes with Jiangsu Jinling, Hainan Mining, Fujian Oriental, JCHX Mining, Jinhui Liquor, and Sportsoul. Shandong Sino is entity of China. It is traded as Stock on SHE exchange. More
Shandong Sino 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 Shandong Sino'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 Shandong Sino Agri United upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.38 | |||
| Information Ratio | 0.176 | |||
| Maximum Drawdown | 18.32 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 9.98 |
Shandong Sino Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Sino's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Sino's standard deviation. In reality, there are many statistical measures that can use Shandong Sino historical prices to predict the future Shandong Sino's volatility.| Risk Adjusted Performance | 0.1714 | |||
| Jensen Alpha | 0.696 | |||
| Total Risk Alpha | 0.1606 | |||
| Sortino Ratio | 0.1895 | |||
| Treynor Ratio | 1.37 |
Shandong Sino Agri Backtested Returns
Shandong Sino appears to be not too volatile, given 3 months investment horizon. Shandong Sino Agri owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. By inspecting Shandong Sino's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please review Shandong Sino's Semi Deviation of 2.64, coefficient of variation of 467.61, and Risk Adjusted Performance of 0.1714 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Sino holds a performance score of 17. The entity has a beta of 0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shandong Sino's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shandong Sino is expected to be smaller as well. Please check Shandong Sino's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shandong Sino's existing price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Shandong Sino Agri United has good predictability. Overlapping area represents the amount of predictability between Shandong Sino time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Shandong Sino Agri price movement. The serial correlation of 0.7 indicates that around 70.0% of current Shandong Sino price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 6.3 |
Shandong Sino Agri lagged returns against current returns
Autocorrelation, which is Shandong Sino 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 Shandong Sino's stock expected returns. We can calculate the autocorrelation of Shandong Sino returns to help us make a trade decision. For example, suppose you find that Shandong Sino 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 |
Shandong Sino 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 Shandong Sino stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Sino stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Sino stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Sino Lagged Returns
When evaluating Shandong Sino's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Sino stock have on its future price. Shandong Sino 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, Shandong Sino autocorrelation shows the relationship between Shandong Sino stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Sino Agri United.
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 Shandong Stock
Shandong Sino financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Sino security.