Shandong Iron (China) Market Value
| 600022 Stock | 1.67 0.05 2.91% |
| Symbol | Shandong |
Shandong Iron '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 Shandong Iron'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 Shandong Iron.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Shandong Iron on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Iron and or generate 0.0% return on investment in Shandong Iron over 30 days. Shandong Iron is related to or competes with Allied Machinery, Tengda Construction, Tsingtao Brewery, China Life, Linzhou Heavy, and Jiangsu Financial. Shandong Iron is entity of China. It is traded as Stock on SHG exchange. More
Shandong Iron 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 Shandong Iron'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 Shandong Iron and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.86 | |||
| Information Ratio | 0.1337 | |||
| Maximum Drawdown | 16.59 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 4.84 |
Shandong Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Iron's standard deviation. In reality, there are many statistical measures that can use Shandong Iron historical prices to predict the future Shandong Iron's volatility.| Risk Adjusted Performance | 0.1322 | |||
| Jensen Alpha | 0.5331 | |||
| Total Risk Alpha | 0.0829 | |||
| Sortino Ratio | 0.1384 | |||
| Treynor Ratio | (1.40) |
Shandong Iron Backtested Returns
Shandong Iron appears to be very risky, given 3 months investment horizon. Shandong Iron owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. By inspecting Shandong Iron's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review Shandong Iron's Semi Deviation of 2.45, risk adjusted performance of 0.1322, and Coefficient Of Variation of 582.84 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Iron holds a performance score of 15. The entity has a beta of -0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shandong Iron are expected to decrease at a much lower rate. During the bear market, Shandong Iron is likely to outperform the market. Please check Shandong Iron's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shandong Iron's existing price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Shandong Iron and has very good reverse predictability. Overlapping area represents the amount of predictability between Shandong Iron time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th of December 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 Shandong Iron price movement. The serial correlation of -0.68 indicates that around 68.0% of current Shandong Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Shandong Iron lagged returns against current returns
Autocorrelation, which is Shandong Iron 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 Shandong Iron's stock expected returns. We can calculate the autocorrelation of Shandong Iron returns to help us make a trade decision. For example, suppose you find that Shandong Iron 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 |
Shandong Iron 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 Shandong Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Iron Lagged Returns
When evaluating Shandong Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Iron stock have on its future price. Shandong Iron 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, Shandong Iron autocorrelation shows the relationship between Shandong Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Iron and.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shandong Stock
Shandong Iron financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Iron security.