Shenzhen Bioeasy (China) Market Value
| 300942 Stock | 8.48 0.50 5.57% |
| Symbol | Shenzhen |
Shenzhen Bioeasy '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 Bioeasy'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 Bioeasy.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Shenzhen Bioeasy on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Bioeasy Biotechnology or generate 0.0% return on investment in Shenzhen Bioeasy over 30 days. Shenzhen Bioeasy is related to or competes with Guangdong Shenglu, Shanghai Metersbonwe, Jiangxi JDL, Fiberhome Telecommunicatio, Changjiang Jinggong, Anhui Jianghuai, and Hang Xiao. Shenzhen Bioeasy is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Bioeasy 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 Bioeasy'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 Bioeasy Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.99 | |||
| Information Ratio | 0.0616 | |||
| Maximum Drawdown | 27.38 | |||
| Value At Risk | (5.57) | |||
| Potential Upside | 5.61 |
Shenzhen Bioeasy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Bioeasy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Bioeasy's standard deviation. In reality, there are many statistical measures that can use Shenzhen Bioeasy historical prices to predict the future Shenzhen Bioeasy's volatility.| Risk Adjusted Performance | 0.0786 | |||
| Jensen Alpha | 0.4395 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0669 | |||
| Treynor Ratio | (0.90) |
Shenzhen Bioeasy Bio Backtested Returns
Shenzhen Bioeasy appears to be slightly risky, given 3 months investment horizon. Shenzhen Bioeasy Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Shenzhen Bioeasy's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please review Shenzhen Bioeasy's Risk Adjusted Performance of 0.0786, coefficient of variation of 1089.3, and Semi Deviation of 3.75 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Bioeasy holds a performance score of 11. The entity has a beta of -0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen Bioeasy are expected to decrease at a much lower rate. During the bear market, Shenzhen Bioeasy is likely to outperform the market. Please check Shenzhen Bioeasy'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 Bioeasy's existing price patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Shenzhen Bioeasy Biotechnology has poor predictability. Overlapping area represents the amount of predictability between Shenzhen Bioeasy time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Bioeasy Bio price movement. The serial correlation of 0.25 indicates that over 25.0% of current Shenzhen Bioeasy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Shenzhen Bioeasy Bio lagged returns against current returns
Autocorrelation, which is Shenzhen Bioeasy 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 Bioeasy's stock expected returns. We can calculate the autocorrelation of Shenzhen Bioeasy returns to help us make a trade decision. For example, suppose you find that Shenzhen Bioeasy 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 Bioeasy 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 Bioeasy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Bioeasy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Bioeasy stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Bioeasy Lagged Returns
When evaluating Shenzhen Bioeasy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Bioeasy stock have on its future price. Shenzhen Bioeasy 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 Bioeasy autocorrelation shows the relationship between Shenzhen Bioeasy stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Bioeasy Biotechnology.
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 Bioeasy 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 Bioeasy security.