Sino Wealth (China) Market Value
| 300327 Stock | 24.23 0.36 1.46% |
| Symbol | Sino |
Sino Wealth '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 Sino Wealth'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 Sino Wealth.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Sino Wealth on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Sino Wealth Electronic or generate 0.0% return on investment in Sino Wealth over 720 days. Sino Wealth is related to or competes with Lutian Machinery, China Longyuan, Changshu Tongrun, PetroChina, Bank of China, Guangxi Guiguan, and Yantai North. Sino Wealth is entity of China. It is traded as Stock on SHE exchange. More
Sino Wealth 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 Sino Wealth'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 Sino Wealth Electronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.0756 | |||
| Maximum Drawdown | 28.54 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 7.8 |
Sino Wealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sino Wealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sino Wealth's standard deviation. In reality, there are many statistical measures that can use Sino Wealth historical prices to predict the future Sino Wealth's volatility.| Risk Adjusted Performance | 0.0874 | |||
| Jensen Alpha | 0.4877 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.1181 | |||
| Treynor Ratio | (2.91) |
Sino Wealth Electronic Backtested Returns
Sino Wealth appears to be not too volatile, given 3 months investment horizon. Sino Wealth Electronic owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Sino Wealth's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please review Sino Wealth's Risk Adjusted Performance of 0.0874, semi deviation of 2.69, and Coefficient Of Variation of 966.59 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sino Wealth holds a performance score of 10. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sino Wealth are expected to decrease at a much lower rate. During the bear market, Sino Wealth is likely to outperform the market. Please check Sino Wealth's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sino Wealth's existing price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Sino Wealth Electronic has poor reverse predictability. Overlapping area represents the amount of predictability between Sino Wealth time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Sino Wealth Electronic price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Sino Wealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 8.28 |
Sino Wealth Electronic lagged returns against current returns
Autocorrelation, which is Sino Wealth 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 Sino Wealth's stock expected returns. We can calculate the autocorrelation of Sino Wealth returns to help us make a trade decision. For example, suppose you find that Sino Wealth 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 |
Sino Wealth 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 Sino Wealth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sino Wealth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sino Wealth stock over time.
Current vs Lagged Prices |
| Timeline |
Sino Wealth Lagged Returns
When evaluating Sino Wealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sino Wealth stock have on its future price. Sino Wealth 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, Sino Wealth autocorrelation shows the relationship between Sino Wealth stock current value and its past values and can show if there is a momentum factor associated with investing in Sino Wealth Electronic.
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 Sino Stock
Sino Wealth financial ratios help investors to determine whether Sino 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 Sino with respect to the benefits of owning Sino Wealth security.