Shanghai National (China) Market Value
| 301289 Stock | 54.79 0.13 0.24% |
| Symbol | Shanghai |
Shanghai National '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 Shanghai National'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 Shanghai National.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Shanghai National on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Shanghai National Center or generate 0.0% return on investment in Shanghai National over 720 days. Shanghai National is related to or competes with Kingclean Electric, Shanghai Zhangjiang, Dhc Software, Guangdong Shenglu, Zhejiang JIULI, Xizi Clean, and Wuhan Yangtze. Shanghai National is entity of China. It is traded as Stock on SHE exchange. More
Shanghai National 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 Shanghai National'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 Shanghai National Center upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.0944 | |||
| Maximum Drawdown | 24.29 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 6.84 |
Shanghai National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai National's standard deviation. In reality, there are many statistical measures that can use Shanghai National historical prices to predict the future Shanghai National's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.5201 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1093 | |||
| Treynor Ratio | 50.13 |
Shanghai National Center Backtested Returns
Shanghai National appears to be very steady, given 3 months investment horizon. Shanghai National Center owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. By inspecting Shanghai National's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Shanghai National's Coefficient Of Variation of 798.75, semi deviation of 3.12, and Risk Adjusted Performance of 0.1042 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai National holds a performance score of 12. The entity has a beta of 0.0104, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanghai National's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai National is expected to be smaller as well. Please check Shanghai National'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 Shanghai National's existing price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Shanghai National Center has weak reverse predictability. Overlapping area represents the amount of predictability between Shanghai National 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 Shanghai National Center price movement. The serial correlation of -0.25 indicates that over 25.0% of current Shanghai National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 22.88 |
Shanghai National Center lagged returns against current returns
Autocorrelation, which is Shanghai National 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 Shanghai National's stock expected returns. We can calculate the autocorrelation of Shanghai National returns to help us make a trade decision. For example, suppose you find that Shanghai National 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 |
Shanghai National 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 Shanghai National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai National stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai National Lagged Returns
When evaluating Shanghai National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai National stock have on its future price. Shanghai National 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, Shanghai National autocorrelation shows the relationship between Shanghai National stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai National Center.
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 Shanghai Stock
Shanghai National financial ratios help investors to determine whether Shanghai 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 Shanghai with respect to the benefits of owning Shanghai National security.