Shandong Ruifeng (China) Market Value
| 300243 Stock | 9.21 0.09 0.97% |
| Symbol | Shandong |
Shandong Ruifeng '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 Ruifeng'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 Ruifeng.
| 02/13/2023 |
| 02/02/2025 |
If you would invest 0.00 in Shandong Ruifeng on February 13, 2023 and sell it all today you would earn a total of 0.00 from holding Shandong Ruifeng Chemical or generate 0.0% return on investment in Shandong Ruifeng over 720 days. Shandong Ruifeng is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Shandong Ruifeng is entity of China. It is traded as Stock on SHE exchange. More
Shandong Ruifeng 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 Ruifeng'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 Ruifeng Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 31.77 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 3.9 |
Shandong Ruifeng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Ruifeng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Ruifeng's standard deviation. In reality, there are many statistical measures that can use Shandong Ruifeng historical prices to predict the future Shandong Ruifeng's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 3.05 |
Shandong Ruifeng Chemical Backtested Returns
Shandong Ruifeng Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18 % return per unit of risk over the last 3 months. Shandong Ruifeng Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shandong Ruifeng's insignificant Risk Adjusted Performance, variance of 14.71, and Coefficient Of Variation of (9,031) to confirm the risk estimate we provide. The entity has a beta of -0.0172, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shandong Ruifeng are expected to decrease at a much lower rate. During the bear market, Shandong Ruifeng is likely to outperform the market. At this point, Shandong Ruifeng Chemical has a negative expected return of -0.53%. Please make sure to validate Shandong Ruifeng's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Shandong Ruifeng Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Shandong Ruifeng Chemical has virtually no predictability. Overlapping area represents the amount of predictability between Shandong Ruifeng time series from 13th of February 2023 to 8th of February 2024 and 8th of February 2024 to 2nd of February 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 Shandong Ruifeng Chemical price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Shandong Ruifeng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.64 |
Shandong Ruifeng Chemical lagged returns against current returns
Autocorrelation, which is Shandong Ruifeng 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 Ruifeng's stock expected returns. We can calculate the autocorrelation of Shandong Ruifeng returns to help us make a trade decision. For example, suppose you find that Shandong Ruifeng 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 Ruifeng 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 Ruifeng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Ruifeng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Ruifeng stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Ruifeng Lagged Returns
When evaluating Shandong Ruifeng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Ruifeng stock have on its future price. Shandong Ruifeng 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 Ruifeng autocorrelation shows the relationship between Shandong Ruifeng stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Ruifeng Chemical.
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 Ruifeng 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 Ruifeng security.