Shenzhen Hans (China) Market Value
| 301200 Stock | 38.06 0.52 1.35% |
| Symbol | Shenzhen |
Shenzhen Hans '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 Hans' 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 Hans.
| 02/10/2023 |
| 01/30/2025 |
If you would invest 0.00 in Shenzhen Hans on February 10, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhen Hans CNC or generate 0.0% return on investment in Shenzhen Hans over 720 days. Shenzhen Hans is related to or competes with Longmaster Information, Emdoor Information, East Money, Xinjiang Communications, Allwin Telecommunicatio, Shenzhen SDG, and Tongding Interconnection. Shenzhen Hans is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Hans 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 Hans' 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 Hans CNC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.0286 | |||
| Maximum Drawdown | 15.3 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 7.24 |
Shenzhen Hans Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Hans' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Hans' standard deviation. In reality, there are many statistical measures that can use Shenzhen Hans historical prices to predict the future Shenzhen Hans' volatility.| Risk Adjusted Performance | 0.0545 | |||
| Jensen Alpha | 0.1521 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0333 | |||
| Treynor Ratio | 1.17 |
Shenzhen Hans CNC Backtested Returns
Shenzhen Hans appears to be very steady, given 3 months investment horizon. Shenzhen Hans CNC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0843, which indicates the firm had a 0.0843 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shenzhen Hans CNC, which you can use to evaluate the volatility of the company. Please review Shenzhen Hans' Risk Adjusted Performance of 0.0545, coefficient of variation of 1777.34, and Semi Deviation of 2.48 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Hans holds a performance score of 6. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shenzhen Hans' returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Hans is expected to be smaller as well. Please check Shenzhen Hans' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shenzhen Hans' existing price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Shenzhen Hans CNC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Hans time series from 10th of February 2023 to 5th of February 2024 and 5th of February 2024 to 30th of January 2025. 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 Hans CNC price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Shenzhen Hans price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 9.22 |
Shenzhen Hans CNC lagged returns against current returns
Autocorrelation, which is Shenzhen Hans 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 Hans' stock expected returns. We can calculate the autocorrelation of Shenzhen Hans returns to help us make a trade decision. For example, suppose you find that Shenzhen Hans 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 Hans 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 Hans stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Hans stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Hans stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Hans Lagged Returns
When evaluating Shenzhen Hans' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Hans stock have on its future price. Shenzhen Hans 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 Hans autocorrelation shows the relationship between Shenzhen Hans stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Hans CNC.
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 Hans 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 Hans security.