SG Micro (China) Market Value
| 300661 Stock | 84.41 5.59 6.21% |
| Symbol | 300661 |
SG Micro '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 SG Micro'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 SG Micro.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in SG Micro on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding SG Micro Corp or generate 0.0% return on investment in SG Micro over 180 days. SG Micro is related to or competes with Tangel Publishing, Qtone Education, Jiangsu Phoenix, Soyea Technology, Eyebright Medical, Beijing Seeyon, and Shandong Publishing. SG Micro is entity of China. It is traded as Stock on SHE exchange. More
SG Micro 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 SG Micro'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 SG Micro Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 26.3 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 4.01 |
SG Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SG Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SG Micro's standard deviation. In reality, there are many statistical measures that can use SG Micro historical prices to predict the future SG Micro's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (2.74) |
SG Micro Corp Backtested Returns
SG Micro Corp retains Efficiency (Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of price deviation over the last 3 months. SG Micro exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SG Micro's Mean Deviation of 2.22, standard deviation of 3.52, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.0488, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SG Micro's returns are expected to increase less than the market. However, during the bear market, the loss of holding SG Micro is expected to be smaller as well. At this point, SG Micro Corp has a negative expected return of -0.0178%. Please make sure to validate SG Micro's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if SG Micro Corp performance from the past will be repeated sooner or later.
Auto-correlation | -0.61 |
Very good reverse predictability
SG Micro Corp has very good reverse predictability. Overlapping area represents the amount of predictability between SG Micro time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 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 SG Micro Corp price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current SG Micro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 39.96 |
SG Micro Corp lagged returns against current returns
Autocorrelation, which is SG Micro 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 SG Micro's stock expected returns. We can calculate the autocorrelation of SG Micro returns to help us make a trade decision. For example, suppose you find that SG Micro 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 |
SG Micro 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 SG Micro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SG Micro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SG Micro stock over time.
Current vs Lagged Prices |
| Timeline |
SG Micro Lagged Returns
When evaluating SG Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SG Micro stock have on its future price. SG Micro 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, SG Micro autocorrelation shows the relationship between SG Micro stock current value and its past values and can show if there is a momentum factor associated with investing in SG Micro Corp.
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 300661 Stock
SG Micro financial ratios help investors to determine whether 300661 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 300661 with respect to the benefits of owning SG Micro security.