Songcheng Performance (China) Market Value
| 300144 Stock | 9.06 0.36 3.82% |
| Symbol | Songcheng |
Songcheng Performance '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 Songcheng Performance'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 Songcheng Performance.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Songcheng Performance on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Songcheng Performance Develop or generate 0.0% return on investment in Songcheng Performance over 270 days. Songcheng Performance is related to or competes with Jiangsu Jinling, Easyhome New, Beijing Mainstreets, Offshore Oil, Luyin Investment, Chahua Modern, and China Life. Songcheng Performance is entity of China More
Songcheng Performance 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 Songcheng Performance'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 Songcheng Performance Develop upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.0355 | |||
| Maximum Drawdown | 33.7 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 6.46 |
Songcheng Performance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Songcheng Performance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Songcheng Performance's standard deviation. In reality, there are many statistical measures that can use Songcheng Performance historical prices to predict the future Songcheng Performance's volatility.| Risk Adjusted Performance | 0.06 | |||
| Jensen Alpha | 0.4185 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0453 | |||
| Treynor Ratio | (0.21) |
Songcheng Performance Backtested Returns
Songcheng Performance appears to be slightly risky, given 3 months investment horizon. Songcheng Performance owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0952, which indicates the firm had a 0.0952% return per unit of risk over the last 3 months. We have found thirty technical indicators for Songcheng Performance Develop, which you can use to evaluate the volatility of the company. Please review Songcheng Performance's Risk Adjusted Performance of 0.06, semi deviation of 2.91, and Coefficient Of Variation of 1476.64 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Songcheng Performance holds a performance score of 7. The entity has a beta of -1.27, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Songcheng Performance are expected to decrease by larger amounts. On the other hand, during market turmoil, Songcheng Performance is expected to outperform it. Please check Songcheng Performance's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Songcheng Performance's existing price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Songcheng Performance Develop has very good reverse predictability. Overlapping area represents the amount of predictability between Songcheng Performance time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Songcheng Performance price movement. The serial correlation of -0.68 indicates that around 68.0% of current Songcheng Performance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 |
Songcheng Performance lagged returns against current returns
Autocorrelation, which is Songcheng Performance 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 Songcheng Performance's stock expected returns. We can calculate the autocorrelation of Songcheng Performance returns to help us make a trade decision. For example, suppose you find that Songcheng Performance 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 |
Songcheng Performance 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 Songcheng Performance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Songcheng Performance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Songcheng Performance stock over time.
Current vs Lagged Prices |
| Timeline |
Songcheng Performance Lagged Returns
When evaluating Songcheng Performance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Songcheng Performance stock have on its future price. Songcheng Performance 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, Songcheng Performance autocorrelation shows the relationship between Songcheng Performance stock current value and its past values and can show if there is a momentum factor associated with investing in Songcheng Performance Develop.
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 Songcheng Stock
Songcheng Performance financial ratios help investors to determine whether Songcheng 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 Songcheng with respect to the benefits of owning Songcheng Performance security.