Shanghai Phichem's market value is the price at which a share of Shanghai Phichem trades on a public exchange. It measures the collective expectations of Shanghai Phichem Material investors about its performance. Shanghai Phichem is trading at 14.58 as of the 12th of January 2025, a 2.41% down since the beginning of the trading day. The stock's open price was 14.94. With this module, you can estimate the performance of a buy and hold strategy of Shanghai Phichem Material and determine expected loss or profit from investing in Shanghai Phichem over a given investment horizon. Check out Shanghai Phichem Correlation, Shanghai Phichem Volatility and Shanghai Phichem Alpha and Beta module to complement your research on Shanghai Phichem.
Please note, there is a significant difference between Shanghai Phichem's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shanghai Phichem is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shanghai Phichem's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Shanghai Phichem '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 Shanghai Phichem'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 Shanghai Phichem.
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12/13/2024
No Change 0.00
0.0
In 30 days
01/12/2025
0.00
If you would invest 0.00 in Shanghai Phichem on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Phichem Material or generate 0.0% return on investment in Shanghai Phichem over 30 days. Shanghai Phichem is related to or competes with TianJin 712, Miracll Chemicals, Shenyang Chemical, Guangdong Shenglu, Easyhome New, Guangxi Wuzhou, and Jinsanjiang Silicon. Shanghai Phichem is entity of China. It is traded as Stock on SHE exchange. More
Shanghai Phichem 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 Shanghai Phichem'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 Shanghai Phichem Material upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Phichem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Phichem's standard deviation. In reality, there are many statistical measures that can use Shanghai Phichem historical prices to predict the future Shanghai Phichem's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shanghai Phichem. Your research has to be compared to or analyzed against Shanghai Phichem's peers to derive any actionable benefits. When done correctly, Shanghai Phichem's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Shanghai Phichem Material.
Shanghai Phichem Material Backtested Returns
At this point, Shanghai Phichem is somewhat reliable. Shanghai Phichem Material owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0203, which indicates the firm had a 0.0203% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shanghai Phichem Material, which you can use to evaluate the volatility of the company. Please validate Shanghai Phichem's Coefficient Of Variation of 9568.65, risk adjusted performance of 0.0165, and Semi Deviation of 3.28 to confirm if the risk estimate we provide is consistent with the expected return of 0.0798%. Shanghai Phichem has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shanghai Phichem's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Phichem is expected to be smaller as well. Shanghai Phichem Material right now has a risk of 3.93%. Please validate Shanghai Phichem market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Shanghai Phichem will be following its existing price patterns.
Auto-correlation
0.45
Average predictability
Shanghai Phichem Material has average predictability. Overlapping area represents the amount of predictability between Shanghai Phichem time series from 13th of December 2024 to 28th of December 2024 and 28th of December 2024 to 12th of January 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 Shanghai Phichem Material price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Shanghai Phichem price fluctuation can be explain by its past prices.
Correlation Coefficient
0.45
Spearman Rank Test
-0.02
Residual Average
0.0
Price Variance
0.37
Shanghai Phichem Material lagged returns against current returns
Autocorrelation, which is Shanghai Phichem 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 Shanghai Phichem's stock expected returns. We can calculate the autocorrelation of Shanghai Phichem returns to help us make a trade decision. For example, suppose you find that Shanghai Phichem 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
Shanghai Phichem 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 Shanghai Phichem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Phichem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Phichem stock over time.
Current vs Lagged Prices
Timeline
Shanghai Phichem Lagged Returns
When evaluating Shanghai Phichem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Phichem stock have on its future price. Shanghai Phichem 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, Shanghai Phichem autocorrelation shows the relationship between Shanghai Phichem stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Phichem Material.
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.
Shanghai Phichem financial ratios help investors to determine whether Shanghai 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 Shanghai with respect to the benefits of owning Shanghai Phichem security.