Shanghai Construction (China) Market Value
| 600170 Stock | 2.60 0.14 5.11% |
| Symbol | Shanghai |
Shanghai Construction '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 Construction'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 Construction.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Shanghai Construction on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Construction Group or generate 0.0% return on investment in Shanghai Construction over 270 days. Shanghai Construction is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. Shanghai Construction is entity of China More
Shanghai Construction 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 Construction'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 Construction Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.0578 | |||
| Maximum Drawdown | 18.7 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 4.33 |
Shanghai Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Construction's standard deviation. In reality, there are many statistical measures that can use Shanghai Construction historical prices to predict the future Shanghai Construction's volatility.| Risk Adjusted Performance | 0.0853 | |||
| Jensen Alpha | 0.3036 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0627 | |||
| Treynor Ratio | (3.74) |
Shanghai Construction Backtested Returns
Shanghai Construction appears to be very risky, given 3 months investment horizon. Shanghai Construction owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shanghai Construction Group, which you can use to evaluate the volatility of the company. Please review Shanghai Construction's Coefficient Of Variation of 985.49, risk adjusted performance of 0.0853, and Semi Deviation of 2.44 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Construction holds a performance score of 11. The entity has a beta of -0.0786, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanghai Construction are expected to decrease at a much lower rate. During the bear market, Shanghai Construction is likely to outperform the market. Please check Shanghai Construction's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Construction's existing price patterns will revert.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Shanghai Construction Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Shanghai Construction time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 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 Construction price movement. The serial correlation of -0.79 indicates that around 79.0% of current Shanghai Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Shanghai Construction lagged returns against current returns
Autocorrelation, which is Shanghai Construction 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 Construction's stock expected returns. We can calculate the autocorrelation of Shanghai Construction returns to help us make a trade decision. For example, suppose you find that Shanghai Construction 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 Construction 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 Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Construction Lagged Returns
When evaluating Shanghai Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Construction stock have on its future price. Shanghai Construction 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 Construction autocorrelation shows the relationship between Shanghai Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Construction Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Construction 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 Construction security.