Shanghai Pudong (China) Market Value
| 600000 Stock | 9.31 0.02 0.21% |
| Symbol | Shanghai |
Shanghai Pudong '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 Pudong'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 Pudong.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Shanghai Pudong on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Shanghai Pudong Development or generate 0.0% return on investment in Shanghai Pudong over 360 days. Shanghai Pudong is related to or competes with Hang Xiao, Gansu Jiu, Tianjin Capital, Eit Environmental, Fujian Nanwang, Sinosteel Engineering, and Beijing SPC. More
Shanghai Pudong 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 Pudong'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 Pudong Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.018 | |||
| Maximum Drawdown | 10.95 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 4.04 |
Shanghai Pudong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Pudong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Pudong's standard deviation. In reality, there are many statistical measures that can use Shanghai Pudong historical prices to predict the future Shanghai Pudong's volatility.| Risk Adjusted Performance | 0.0697 | |||
| Jensen Alpha | 0.1707 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0215 | |||
| Treynor Ratio | (1.34) |
Shanghai Pudong Deve Backtested Returns
At this point, Shanghai Pudong is somewhat reliable. Shanghai Pudong Deve owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0831, which indicates the firm had a 0.0831% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shanghai Pudong Development, which you can use to evaluate the volatility of the company. Please validate Shanghai Pudong's Coefficient Of Variation of 1203.4, semi deviation of 1.5, and Risk Adjusted Performance of 0.0697 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Shanghai Pudong has a performance score of 6 on a scale of 0 to 100. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanghai Pudong are expected to decrease at a much lower rate. During the bear market, Shanghai Pudong is likely to outperform the market. Shanghai Pudong Deve right now has a risk of 2.0%. Please validate Shanghai Pudong downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Shanghai Pudong will be following its existing price patterns.
Auto-correlation | 0.72 |
Good predictability
Shanghai Pudong Development has good predictability. Overlapping area represents the amount of predictability between Shanghai Pudong time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 Shanghai Pudong Deve price movement. The serial correlation of 0.72 indicates that around 72.0% of current Shanghai Pudong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Shanghai Pudong Deve lagged returns against current returns
Autocorrelation, which is Shanghai Pudong 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 Pudong's stock expected returns. We can calculate the autocorrelation of Shanghai Pudong returns to help us make a trade decision. For example, suppose you find that Shanghai Pudong 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 Pudong 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 Pudong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Pudong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Pudong stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Pudong Lagged Returns
When evaluating Shanghai Pudong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Pudong stock have on its future price. Shanghai Pudong 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 Pudong autocorrelation shows the relationship between Shanghai Pudong stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Pudong Development.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Pudong 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 Pudong security.