Sungrow Power (China) Market Value
| 300274 Stock | 81.28 0.96 1.20% |
| Symbol | Sungrow |
Sungrow Power '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 Sungrow Power'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 Sungrow Power.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Sungrow Power on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sungrow Power Supply or generate 0.0% return on investment in Sungrow Power over 30 days. Sungrow Power is related to or competes with Do-Fluoride Chemicals, Hubei Huaqiang, Holitech Technology, Kangping Technology, HaiXin Foods, and Jinhe Biotechnology. Sungrow Power is entity of China. It is traded as Stock on SHE exchange. More
Sungrow Power 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 Sungrow Power'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 Sungrow Power Supply upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.02 | |||
| Information Ratio | 0.0577 | |||
| Maximum Drawdown | 36.54 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 9.17 |
Sungrow Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sungrow Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sungrow Power's standard deviation. In reality, there are many statistical measures that can use Sungrow Power historical prices to predict the future Sungrow Power's volatility.| Risk Adjusted Performance | 0.074 | |||
| Jensen Alpha | 0.4812 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0702 | |||
| Treynor Ratio | (0.73) |
Sungrow Power Supply Backtested Returns
Sungrow Power appears to be very steady, given 3 months investment horizon. Sungrow Power Supply owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0468, which indicates the firm had a 0.0468% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sungrow Power Supply, which you can use to evaluate the volatility of the company. Please review Sungrow Power's Coefficient Of Variation of 1165.55, risk adjusted performance of 0.074, and Semi Deviation of 3.68 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sungrow Power holds a performance score of 3. The entity has a beta of -0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sungrow Power are expected to decrease at a much lower rate. During the bear market, Sungrow Power is likely to outperform the market. Please check Sungrow Power's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sungrow Power's existing price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Sungrow Power Supply has poor predictability. Overlapping area represents the amount of predictability between Sungrow Power time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Sungrow Power Supply price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Sungrow Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 3.02 |
Sungrow Power Supply lagged returns against current returns
Autocorrelation, which is Sungrow Power 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 Sungrow Power's stock expected returns. We can calculate the autocorrelation of Sungrow Power returns to help us make a trade decision. For example, suppose you find that Sungrow Power 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 |
Sungrow Power 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 Sungrow Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sungrow Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sungrow Power stock over time.
Current vs Lagged Prices |
| Timeline |
Sungrow Power Lagged Returns
When evaluating Sungrow Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sungrow Power stock have on its future price. Sungrow Power 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, Sungrow Power autocorrelation shows the relationship between Sungrow Power stock current value and its past values and can show if there is a momentum factor associated with investing in Sungrow Power Supply.
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 Sungrow Stock
Sungrow Power financial ratios help investors to determine whether Sungrow 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 Sungrow with respect to the benefits of owning Sungrow Power security.