Suwen Electric (China) Market Value
| 300982 Stock | 19.21 0.15 0.77% |
| Symbol | Suwen |
Suwen Electric '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 Suwen Electric'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 Suwen Electric.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Suwen Electric on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Suwen Electric Energy or generate 0.0% return on investment in Suwen Electric over 30 days. Suwen Electric is related to or competes with Xiangyu Medical, Blue Sail, Guangzhou Boji, Hengkang Medical, Sanbo Hospital, Hangzhou Coco, and Everjoy Health. Suwen Electric is entity of China. It is traded as Stock on SHE exchange. More
Suwen Electric 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 Suwen Electric'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 Suwen Electric Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.74 | |||
| Information Ratio | 0.066 | |||
| Maximum Drawdown | 28.72 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 3.89 |
Suwen Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suwen Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suwen Electric's standard deviation. In reality, there are many statistical measures that can use Suwen Electric historical prices to predict the future Suwen Electric's volatility.| Risk Adjusted Performance | 0.0799 | |||
| Jensen Alpha | 0.3737 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0659 | |||
| Treynor Ratio | (3.18) |
Suwen Electric Energy Backtested Returns
Suwen Electric appears to be not too volatile, given 3 months investment horizon. Suwen Electric Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Suwen Electric Energy, which you can use to evaluate the volatility of the company. Please review Suwen Electric's Risk Adjusted Performance of 0.0799, semi deviation of 3.38, and Coefficient Of Variation of 1005.82 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Suwen Electric holds a performance score of 8. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Suwen Electric are expected to decrease at a much lower rate. During the bear market, Suwen Electric is likely to outperform the market. Please check Suwen Electric's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Suwen Electric's existing price patterns will revert.
Auto-correlation | -0.85 |
Excellent reverse predictability
Suwen Electric Energy has excellent reverse predictability. Overlapping area represents the amount of predictability between Suwen Electric time series from 11th of November 2024 to 26th of November 2024 and 26th of November 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 Suwen Electric Energy price movement. The serial correlation of -0.85 indicates that around 85.0% of current Suwen Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Suwen Electric Energy lagged returns against current returns
Autocorrelation, which is Suwen Electric 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 Suwen Electric's stock expected returns. We can calculate the autocorrelation of Suwen Electric returns to help us make a trade decision. For example, suppose you find that Suwen Electric 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 |
Suwen Electric 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 Suwen Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suwen Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suwen Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Suwen Electric Lagged Returns
When evaluating Suwen Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suwen Electric stock have on its future price. Suwen Electric 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, Suwen Electric autocorrelation shows the relationship between Suwen Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Suwen Electric Energy.
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 Suwen Stock
Suwen Electric financial ratios help investors to determine whether Suwen 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 Suwen with respect to the benefits of owning Suwen Electric security.