Shenzhen (China) Market Value
| 300724 Stock | 70.23 0.44 0.62% |
| Symbol | Shenzhen |
Shenzhen '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 Shenzhen'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 Shenzhen.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Shenzhen on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen SC New or generate 0.0% return on investment in Shenzhen over 180 days. Shenzhen is related to or competes with Hangzhou Pinming, CSSC Offshore, Glodon Software, Offshore Oil, Ping An, Postal Savings, and Fujian Rongji. Shenzhen is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen 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 Shenzhen'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 Shenzhen SC New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.02 | |||
| Information Ratio | 0.1189 | |||
| Maximum Drawdown | 32.7 | |||
| Value At Risk | (5.84) | |||
| Potential Upside | 14.52 |
Shenzhen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen's standard deviation. In reality, there are many statistical measures that can use Shenzhen historical prices to predict the future Shenzhen's volatility.| Risk Adjusted Performance | 0.1179 | |||
| Jensen Alpha | 0.8965 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1689 | |||
| Treynor Ratio | (1.15) |
Shenzhen SC New Backtested Returns
Shenzhen appears to be not too volatile, given 3 months investment horizon. Shenzhen SC New owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Shenzhen's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please review Shenzhen's Coefficient Of Variation of 699.57, risk adjusted performance of 0.1179, and Semi Deviation of 3.57 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen holds a performance score of 12. The entity has a beta of -0.7, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen are expected to decrease at a much lower rate. During the bear market, Shenzhen is likely to outperform the market. Please check Shenzhen'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 Shenzhen's existing price patterns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Shenzhen SC New has very good reverse predictability. Overlapping area represents the amount of predictability between Shenzhen time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Shenzhen SC New price movement. The serial correlation of -0.7 indicates that around 70.0% of current Shenzhen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 148.66 |
Shenzhen SC New lagged returns against current returns
Autocorrelation, which is Shenzhen 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 Shenzhen's stock expected returns. We can calculate the autocorrelation of Shenzhen returns to help us make a trade decision. For example, suppose you find that Shenzhen 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 |
Shenzhen 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 Shenzhen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Lagged Returns
When evaluating Shenzhen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen stock have on its future price. Shenzhen 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, Shenzhen autocorrelation shows the relationship between Shenzhen stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen SC New.
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 Shenzhen Stock
Shenzhen financial ratios help investors to determine whether Shenzhen 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 Shenzhen with respect to the benefits of owning Shenzhen security.