Shenzhen Longsys (China) Market Value
| 301308 Stock | 86.26 2.26 2.69% |
| Symbol | Shenzhen |
Shenzhen Longsys '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 Longsys' 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 Longsys.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Shenzhen Longsys on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Longsys Electronics or generate 0.0% return on investment in Shenzhen Longsys over 30 days. Shenzhen Longsys is related to or competes with Guangzhou Ruoyuchen, Cofoe Medical, Northking Information, Xian International, Kontour Medical, Double Medical, and Blue Sail. Shenzhen Longsys is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Longsys 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 Longsys' 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 Longsys Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.32 | |||
| Information Ratio | 0.0334 | |||
| Maximum Drawdown | 28.39 | |||
| Value At Risk | (5.60) | |||
| Potential Upside | 8.41 |
Shenzhen Longsys Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Longsys' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Longsys' standard deviation. In reality, there are many statistical measures that can use Shenzhen Longsys historical prices to predict the future Shenzhen Longsys' volatility.| Risk Adjusted Performance | 0.0543 | |||
| Jensen Alpha | 0.2368 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0485 | |||
| Treynor Ratio | 0.7765 |
Shenzhen Longsys Ele Backtested Returns
Shenzhen Longsys appears to be very steady, given 3 months investment horizon. Shenzhen Longsys Ele owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0801, which indicates the firm had a 0.0801% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shenzhen Longsys Electronics, which you can use to evaluate the volatility of the company. Please review Shenzhen Longsys' Semi Deviation of 3.11, coefficient of variation of 1664.82, and Risk Adjusted Performance of 0.0543 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Longsys holds a performance score of 6. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shenzhen Longsys' returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Longsys is expected to be smaller as well. Please check Shenzhen Longsys' 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 Longsys' existing price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Shenzhen Longsys Electronics has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Longsys time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Longsys Ele price movement. The serial correlation of -0.18 indicates that over 18.0% of current Shenzhen Longsys price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 17.09 |
Shenzhen Longsys Ele lagged returns against current returns
Autocorrelation, which is Shenzhen Longsys 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 Longsys' stock expected returns. We can calculate the autocorrelation of Shenzhen Longsys returns to help us make a trade decision. For example, suppose you find that Shenzhen Longsys 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 Longsys 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 Longsys stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Longsys stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Longsys stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Longsys Lagged Returns
When evaluating Shenzhen Longsys' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Longsys stock have on its future price. Shenzhen Longsys 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 Longsys autocorrelation shows the relationship between Shenzhen Longsys stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Longsys Electronics.
Regressed Prices |
| Timeline |
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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 Longsys 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 Longsys security.