Shantou Wanshun (China) Market Value
| 300057 Stock | 5.77 0.04 0.70% |
| Symbol | Shantou |
Shantou Wanshun '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 Shantou Wanshun'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 Shantou Wanshun.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Shantou Wanshun on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Shantou Wanshun Package or generate 0.0% return on investment in Shantou Wanshun over 30 days. Shantou Wanshun is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Shantou Wanshun is entity of China. It is traded as Stock on SHE exchange. More
Shantou Wanshun 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 Shantou Wanshun'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 Shantou Wanshun Package upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.06 | |||
| Information Ratio | 0.1193 | |||
| Maximum Drawdown | 28.17 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 7.76 |
Shantou Wanshun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shantou Wanshun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shantou Wanshun's standard deviation. In reality, there are many statistical measures that can use Shantou Wanshun historical prices to predict the future Shantou Wanshun's volatility.| Risk Adjusted Performance | 0.1219 | |||
| Jensen Alpha | 0.6982 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1338 | |||
| Treynor Ratio | (2.30) |
Shantou Wanshun Package Backtested Returns
Shantou Wanshun appears to be unstable, given 3 months investment horizon. Shantou Wanshun Package owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. By inspecting Shantou Wanshun's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please review Shantou Wanshun's Semi Deviation of 3.48, risk adjusted performance of 0.1219, and Coefficient Of Variation of 675.25 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shantou Wanshun holds a performance score of 12. The entity has a beta of -0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shantou Wanshun are expected to decrease at a much lower rate. During the bear market, Shantou Wanshun is likely to outperform the market. Please check Shantou Wanshun's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shantou Wanshun's existing price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Shantou Wanshun Package has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shantou Wanshun time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Shantou Wanshun Package price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Shantou Wanshun price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Shantou Wanshun Package lagged returns against current returns
Autocorrelation, which is Shantou Wanshun 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 Shantou Wanshun's stock expected returns. We can calculate the autocorrelation of Shantou Wanshun returns to help us make a trade decision. For example, suppose you find that Shantou Wanshun 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 |
Shantou Wanshun 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 Shantou Wanshun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shantou Wanshun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shantou Wanshun stock over time.
Current vs Lagged Prices |
| Timeline |
Shantou Wanshun Lagged Returns
When evaluating Shantou Wanshun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shantou Wanshun stock have on its future price. Shantou Wanshun 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, Shantou Wanshun autocorrelation shows the relationship between Shantou Wanshun stock current value and its past values and can show if there is a momentum factor associated with investing in Shantou Wanshun Package.
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 Shantou Stock
Shantou Wanshun financial ratios help investors to determine whether Shantou 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 Shantou with respect to the benefits of owning Shantou Wanshun security.