Shenzhen Inovance (China) Market Value
| 300124 Stock | 60.08 0.60 1.01% |
| Symbol | Shenzhen |
Shenzhen Inovance '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 Inovance'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 Inovance.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Shenzhen Inovance on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Inovance Tech or generate 0.0% return on investment in Shenzhen Inovance over 30 days. Shenzhen Inovance is related to or competes with Innovative Medical, Gifore Agricultural, JCHX Mining, Long Yuan, and Qijing Machinery. Shenzhen Inovance is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Inovance 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 Inovance'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 Inovance Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.1126 | |||
| Maximum Drawdown | 33.47 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 8.04 |
Shenzhen Inovance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Inovance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Inovance's standard deviation. In reality, there are many statistical measures that can use Shenzhen Inovance historical prices to predict the future Shenzhen Inovance's volatility.| Risk Adjusted Performance | 0.107 | |||
| Jensen Alpha | 0.5796 | |||
| Total Risk Alpha | 0.3035 | |||
| Sortino Ratio | 0.1551 | |||
| Treynor Ratio | (0.74) |
Shenzhen Inovance Tech Backtested Returns
At this point, Shenzhen Inovance is very steady. Shenzhen Inovance Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0029, which indicates the firm had a 0.0029% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shenzhen Inovance Tech, which you can use to evaluate the volatility of the company. Please validate Shenzhen Inovance's Semi Deviation of 2.79, coefficient of variation of 803.58, and Risk Adjusted Performance of 0.107 to confirm if the risk estimate we provide is consistent with the expected return of 0.0117%. The entity has a beta of -0.74, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen Inovance are expected to decrease at a much lower rate. During the bear market, Shenzhen Inovance is likely to outperform the market. Shenzhen Inovance Tech right now has a risk of 4.03%. Please validate Shenzhen Inovance market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Shenzhen Inovance will be following its existing price patterns.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Shenzhen Inovance Tech has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Inovance time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Shenzhen Inovance Tech price movement. The serial correlation of -0.8 indicates that around 80.0% of current Shenzhen Inovance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Shenzhen Inovance Tech lagged returns against current returns
Autocorrelation, which is Shenzhen Inovance 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 Inovance's stock expected returns. We can calculate the autocorrelation of Shenzhen Inovance returns to help us make a trade decision. For example, suppose you find that Shenzhen Inovance 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 |
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Shenzhen Inovance 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 Inovance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Inovance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Inovance stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Inovance Lagged Returns
When evaluating Shenzhen Inovance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Inovance stock have on its future price. Shenzhen Inovance 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 Inovance autocorrelation shows the relationship between Shenzhen Inovance stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Inovance Tech.
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 Inovance 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 Inovance security.