Silkroad Visual (China) Market Value
| 300556 Stock | 20.19 0.19 0.93% |
| Symbol | Silkroad |
Silkroad Visual '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 Silkroad Visual'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 Silkroad Visual.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Silkroad Visual on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Silkroad Visual Technology or generate 0.0% return on investment in Silkroad Visual over 30 days. Silkroad Visual is related to or competes with PetroChina, China State, China Mobile, Industrial, China Life, Ping An, and China Construction. Silkroad Visual is entity of China. It is traded as Stock on SHE exchange. More
Silkroad Visual 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 Silkroad Visual'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 Silkroad Visual Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.39 | |||
| Information Ratio | 0.0474 | |||
| Maximum Drawdown | 31.43 | |||
| Value At Risk | (6.49) | |||
| Potential Upside | 7.74 |
Silkroad Visual Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silkroad Visual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silkroad Visual's standard deviation. In reality, there are many statistical measures that can use Silkroad Visual historical prices to predict the future Silkroad Visual's volatility.| Risk Adjusted Performance | 0.0654 | |||
| Jensen Alpha | 0.3783 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0517 | |||
| Treynor Ratio | (1.37) |
Silkroad Visual Tech Backtested Returns
Silkroad Visual appears to be somewhat reliable, given 3 months investment horizon. Silkroad Visual Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. By inspecting Silkroad Visual's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please review Silkroad Visual's Coefficient Of Variation of 1341.39, semi deviation of 4.22, and Risk Adjusted Performance of 0.0654 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Silkroad Visual holds a performance score of 9. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Silkroad Visual are expected to decrease at a much lower rate. During the bear market, Silkroad Visual is likely to outperform the market. Please check Silkroad Visual's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Silkroad Visual's existing price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Silkroad Visual Technology has below average predictability. Overlapping area represents the amount of predictability between Silkroad Visual time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Silkroad Visual Tech price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Silkroad Visual price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Silkroad Visual Tech lagged returns against current returns
Autocorrelation, which is Silkroad Visual 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 Silkroad Visual's stock expected returns. We can calculate the autocorrelation of Silkroad Visual returns to help us make a trade decision. For example, suppose you find that Silkroad Visual 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 |
Silkroad Visual 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 Silkroad Visual stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silkroad Visual stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silkroad Visual stock over time.
Current vs Lagged Prices |
| Timeline |
Silkroad Visual Lagged Returns
When evaluating Silkroad Visual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silkroad Visual stock have on its future price. Silkroad Visual 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, Silkroad Visual autocorrelation shows the relationship between Silkroad Visual stock current value and its past values and can show if there is a momentum factor associated with investing in Silkroad Visual Technology.
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 Silkroad Stock
Silkroad Visual financial ratios help investors to determine whether Silkroad 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 Silkroad with respect to the benefits of owning Silkroad Visual security.