Shenzhen Mindray (China) Market Value
| 300760 Stock | 263.31 8.70 3.20% |
| Symbol | Shenzhen |
Shenzhen Mindray '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 Mindray'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 Mindray.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Shenzhen Mindray on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Shenzhen Mindray Bio Medical or generate 0.0% return on investment in Shenzhen Mindray over 720 days. Shenzhen Mindray is related to or competes with Cultural Investment, Jointo Energy, Chengdu B, Luyin Investment, Omnijoi Media, Focus Media, and Hubei Geoway. Shenzhen Mindray is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Mindray 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 Mindray'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 Mindray Bio Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.0082 | |||
| Maximum Drawdown | 19.76 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 9.9 |
Shenzhen Mindray Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Mindray's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Mindray's standard deviation. In reality, there are many statistical measures that can use Shenzhen Mindray historical prices to predict the future Shenzhen Mindray's volatility.| Risk Adjusted Performance | 0.0429 | |||
| Jensen Alpha | 0.1911 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0101 | |||
| Treynor Ratio | (0.43) |
Shenzhen Mindray Bio Backtested Returns
Shenzhen Mindray appears to be very steady, given 3 months investment horizon. Shenzhen Mindray Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0808, which indicates the firm had a 0.0808% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shenzhen Mindray Bio Medical, which you can use to evaluate the volatility of the company. Please review Shenzhen Mindray's Semi Deviation of 2.69, coefficient of variation of 2187.66, and Risk Adjusted Performance of 0.0429 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Mindray holds a performance score of 6. The entity has a beta of -0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen Mindray are expected to decrease at a much lower rate. During the bear market, Shenzhen Mindray is likely to outperform the market. Please check Shenzhen Mindray'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 Mindray's existing price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Shenzhen Mindray Bio Medical has average predictability. Overlapping area represents the amount of predictability between Shenzhen Mindray time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Shenzhen Mindray Bio price movement. The serial correlation of 0.49 indicates that about 49.0% of current Shenzhen Mindray price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 346.1 |
Shenzhen Mindray Bio lagged returns against current returns
Autocorrelation, which is Shenzhen Mindray 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 Mindray's stock expected returns. We can calculate the autocorrelation of Shenzhen Mindray returns to help us make a trade decision. For example, suppose you find that Shenzhen Mindray 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 Mindray 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 Mindray stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Mindray stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Mindray stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Mindray Lagged Returns
When evaluating Shenzhen Mindray's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Mindray stock have on its future price. Shenzhen Mindray 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 Mindray autocorrelation shows the relationship between Shenzhen Mindray stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Mindray Bio Medical.
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 Mindray 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 Mindray security.