Sinotruk (Hong (Germany) Market Value
| 4SK Stock | EUR 2.72 0.10 3.55% |
| Symbol | Sinotruk |
Sinotruk (Hong '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 Sinotruk (Hong'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 Sinotruk (Hong.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Sinotruk (Hong on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Sinotruk Limited or generate 0.0% return on investment in Sinotruk (Hong over 30 days. Sinotruk (Hong is related to or competes with SCOTT TECHNOLOGY, REVO INSURANCE, Casio Computer, Regions Financial, Microchip Technology, DXC Technology, and Micron Technology. Sinotruk Limited, an investment holding company, engages in the research, development, manufacture, and sale of heavy du... More
Sinotruk (Hong 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 Sinotruk (Hong'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 Sinotruk Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.1459 | |||
| Maximum Drawdown | 47.17 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 5.56 |
Sinotruk (Hong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinotruk (Hong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinotruk (Hong's standard deviation. In reality, there are many statistical measures that can use Sinotruk (Hong historical prices to predict the future Sinotruk (Hong's volatility.| Risk Adjusted Performance | 0.1381 | |||
| Jensen Alpha | 0.9565 | |||
| Total Risk Alpha | 0.0543 | |||
| Sortino Ratio | 0.3027 | |||
| Treynor Ratio | (80.94) |
Sinotruk Limited Backtested Returns
Sinotruk (Hong appears to be very risky, given 3 months investment horizon. Sinotruk Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Sinotruk (Hong's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please review Sinotruk (Hong's Coefficient Of Variation of 592.68, risk adjusted performance of 0.1381, and Semi Deviation of 1.98 to confirm if our risk estimates are consistent with your expectations.On a scale of 0 to 100, Sinotruk (Hong holds a performance score of 13. The entity has a beta of -0.0118, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sinotruk (Hong are expected to decrease at a much lower rate. During the bear market, Sinotruk (Hong is likely to outperform the market. Please check Sinotruk (Hong's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sinotruk (Hong's existing price patterns will revert.
Auto-correlation | 0.12 |
Insignificant predictability
Sinotruk Limited has insignificant predictability. Overlapping area represents the amount of predictability between Sinotruk (Hong 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 Sinotruk Limited price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Sinotruk (Hong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Sinotruk Limited lagged returns against current returns
Autocorrelation, which is Sinotruk (Hong 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 Sinotruk (Hong's stock expected returns. We can calculate the autocorrelation of Sinotruk (Hong returns to help us make a trade decision. For example, suppose you find that Sinotruk (Hong 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 |
Sinotruk (Hong 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 Sinotruk (Hong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinotruk (Hong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinotruk (Hong stock over time.
Current vs Lagged Prices |
| Timeline |
Sinotruk (Hong Lagged Returns
When evaluating Sinotruk (Hong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinotruk (Hong stock have on its future price. Sinotruk (Hong 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, Sinotruk (Hong autocorrelation shows the relationship between Sinotruk (Hong stock current value and its past values and can show if there is a momentum factor associated with investing in Sinotruk Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sinotruk Stock
Sinotruk (Hong financial ratios help investors to determine whether Sinotruk 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 Sinotruk with respect to the benefits of owning Sinotruk (Hong security.