Shandong Zhongji (China) Market Value
| 300308 Stock | 132.28 1.52 1.14% |
| Symbol | Shandong |
Shandong Zhongji '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 Zhongji'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 Zhongji.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Shandong Zhongji on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Zhongji Electrical or generate 0.0% return on investment in Shandong Zhongji over 270 days. Shandong Zhongji is related to or competes with Sportsoul, Focus Media, Peoples Insurance, Lander Sports, Hefei Metalforming, Dalian Zeus, and Guangzhou Restaurants. Shandong Zhongji is entity of China. It is traded as Stock on SHE exchange. More
Shandong Zhongji 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 Zhongji'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 Zhongji Electrical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.74 | |||
| Information Ratio | 0.0379 | |||
| Maximum Drawdown | 30.45 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 11.63 |
Shandong Zhongji Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Zhongji's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Zhongji's standard deviation. In reality, there are many statistical measures that can use Shandong Zhongji historical prices to predict the future Shandong Zhongji's volatility.| Risk Adjusted Performance | 0.0574 | |||
| Jensen Alpha | 0.418 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0513 | |||
| Treynor Ratio | (0.36) |
Shandong Zhongji Ele Backtested Returns
Shandong Zhongji appears to be very steady, given 3 months investment horizon. Shandong Zhongji Ele owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0754, which indicates the firm had a 0.0754% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shandong Zhongji Electrical, which you can use to evaluate the volatility of the company. Please review Shandong Zhongji's Risk Adjusted Performance of 0.0574, semi deviation of 3.59, and Coefficient Of Variation of 1568.23 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Zhongji holds a performance score of 5. The entity has a beta of -0.87, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Shandong Zhongji are expected to decrease slowly. On the other hand, during market turmoil, Shandong Zhongji is expected to outperform it slightly. Please check Shandong Zhongji's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shandong Zhongji's existing price patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
Shandong Zhongji Electrical has very weak predictability. Overlapping area represents the amount of predictability between Shandong Zhongji time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 Shandong Zhongji Ele price movement. The serial correlation of 0.19 indicates that over 19.0% of current Shandong Zhongji price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 378.69 |
Shandong Zhongji Ele lagged returns against current returns
Autocorrelation, which is Shandong Zhongji 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 Zhongji's stock expected returns. We can calculate the autocorrelation of Shandong Zhongji returns to help us make a trade decision. For example, suppose you find that Shandong Zhongji 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 Zhongji 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 Zhongji stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Zhongji stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Zhongji stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Zhongji Lagged Returns
When evaluating Shandong Zhongji's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Zhongji stock have on its future price. Shandong Zhongji 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 Zhongji autocorrelation shows the relationship between Shandong Zhongji stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Zhongji Electrical.
Regressed Prices |
| Timeline |
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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 Zhongji 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 Zhongji security.