Shenzhen Zqgame (China) Market Value
| 300052 Stock | 16.07 0.36 2.19% |
| Symbol | Shenzhen |
Shenzhen Zqgame '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 Zqgame'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 Zqgame.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Shenzhen Zqgame on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhen Zqgame or generate 0.0% return on investment in Shenzhen Zqgame over 720 days. Shenzhen Zqgame is related to or competes with Zhengzhou Coal, Fujian Newland, Tianjin Hi, Dr Peng, Zijin Mining, JCHX Mining, and Maxvision Technology. Shenzhen Zqgame is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Zqgame 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 Zqgame'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 Zqgame upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 23.58 | |||
| Value At Risk | (8.21) | |||
| Potential Upside | 6.18 |
Shenzhen Zqgame Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Zqgame's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Zqgame's standard deviation. In reality, there are many statistical measures that can use Shenzhen Zqgame historical prices to predict the future Shenzhen Zqgame's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.75) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | (0.55) |
Shenzhen Zqgame Backtested Returns
Shenzhen Zqgame owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0821, which indicates the firm had a -0.0821 % return per unit of risk over the last 3 months. Shenzhen Zqgame exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenzhen Zqgame's Risk Adjusted Performance of (0.11), coefficient of variation of (705.48), and Variance of 20.11 to confirm the risk estimate we provide. The entity has a beta of 1.18, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Shenzhen Zqgame will likely underperform. At this point, Shenzhen Zqgame has a negative expected return of -0.3%. Please make sure to validate Shenzhen Zqgame's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Shenzhen Zqgame performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Shenzhen Zqgame has virtually no predictability. Overlapping area represents the amount of predictability between Shenzhen Zqgame time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. 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 Zqgame price movement. The serial correlation of 0.02 indicates that only 2.0% of current Shenzhen Zqgame price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 13.52 |
Shenzhen Zqgame lagged returns against current returns
Autocorrelation, which is Shenzhen Zqgame 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 Zqgame's stock expected returns. We can calculate the autocorrelation of Shenzhen Zqgame returns to help us make a trade decision. For example, suppose you find that Shenzhen Zqgame 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 Zqgame 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 Zqgame stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Zqgame stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Zqgame stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Zqgame Lagged Returns
When evaluating Shenzhen Zqgame's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Zqgame stock have on its future price. Shenzhen Zqgame 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 Zqgame autocorrelation shows the relationship between Shenzhen Zqgame stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Zqgame.
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 Zqgame 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 Zqgame security.