Sharetronic Data (China) Market Value
| 300857 Stock | 99.60 6.15 5.82% |
| Symbol | Sharetronic |
Sharetronic Data '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 Sharetronic Data'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 Sharetronic Data.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Sharetronic Data on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Sharetronic Data Technology or generate 0.0% return on investment in Sharetronic Data over 480 days. Sharetronic Data is related to or competes with Lutian Machinery, PetroChina, Bank of China, Gansu Jiu, Shandong Mining, Aba Chemicals, and BlueFocus Communication. Sharetronic Data is entity of China. It is traded as Stock on SHE exchange. More
Sharetronic Data 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 Sharetronic Data'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 Sharetronic Data Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.1805 | |||
| Maximum Drawdown | 31.05 | |||
| Value At Risk | (6.10) | |||
| Potential Upside | 11.83 |
Sharetronic Data Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sharetronic Data's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sharetronic Data's standard deviation. In reality, there are many statistical measures that can use Sharetronic Data historical prices to predict the future Sharetronic Data's volatility.| Risk Adjusted Performance | 0.1548 | |||
| Jensen Alpha | 1.05 | |||
| Total Risk Alpha | 0.2404 | |||
| Sortino Ratio | 0.2809 | |||
| Treynor Ratio | 1.37 |
Sharetronic Data Tec Backtested Returns
Sharetronic Data is very steady given 3 months investment horizon. Sharetronic Data Tec owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.56% are justified by taking the suggested risk. Use Sharetronic Data Tec Coefficient Of Variation of 494.42, semi deviation of 2.86, and Risk Adjusted Performance of 0.1548 to evaluate company specific risk that cannot be diversified away. Sharetronic Data holds a performance score of 20 on a scale of zero to a hundred. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sharetronic Data's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sharetronic Data is expected to be smaller as well. Use Sharetronic Data Tec semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on Sharetronic Data Tec.
Auto-correlation | 0.50 |
Modest predictability
Sharetronic Data Technology has modest predictability. Overlapping area represents the amount of predictability between Sharetronic Data time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Sharetronic Data Tec price movement. The serial correlation of 0.5 indicates that about 50.0% of current Sharetronic Data price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 169.63 |
Sharetronic Data Tec lagged returns against current returns
Autocorrelation, which is Sharetronic Data 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 Sharetronic Data's stock expected returns. We can calculate the autocorrelation of Sharetronic Data returns to help us make a trade decision. For example, suppose you find that Sharetronic Data 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 |
Sharetronic Data 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 Sharetronic Data stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sharetronic Data stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sharetronic Data stock over time.
Current vs Lagged Prices |
| Timeline |
Sharetronic Data Lagged Returns
When evaluating Sharetronic Data's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sharetronic Data stock have on its future price. Sharetronic Data 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, Sharetronic Data autocorrelation shows the relationship between Sharetronic Data stock current value and its past values and can show if there is a momentum factor associated with investing in Sharetronic Data 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 Sharetronic Stock
Sharetronic Data financial ratios help investors to determine whether Sharetronic 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 Sharetronic with respect to the benefits of owning Sharetronic Data security.