Sinomach Automobile (China) Market Value
| 600335 Stock | 6.62 0.06 0.91% |
| Symbol | Sinomach |
Sinomach Automobile '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 Sinomach Automobile'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 Sinomach Automobile.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Sinomach Automobile on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Sinomach Automobile Co or generate 0.0% return on investment in Sinomach Automobile over 510 days. Sinomach Automobile is related to or competes with Citic Guoan, Milkyway Chemical, Easyhome New, Sunny Loan, Miracll Chemicals, Xilong Chemical, and Shenyang Chemical. Sinomach Automobile is entity of China. It is traded as Stock on SHG exchange. More
Sinomach Automobile 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 Sinomach Automobile'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 Sinomach Automobile Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.0191 | |||
| Maximum Drawdown | 18.66 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.58 |
Sinomach Automobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinomach Automobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinomach Automobile's standard deviation. In reality, there are many statistical measures that can use Sinomach Automobile historical prices to predict the future Sinomach Automobile's volatility.| Risk Adjusted Performance | 0.0579 | |||
| Jensen Alpha | 0.1994 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0185 | |||
| Treynor Ratio | (0.70) |
Sinomach Automobile Backtested Returns
Sinomach Automobile appears to be slightly risky, given 3 months investment horizon. Sinomach Automobile 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 twenty-nine technical indicators for Sinomach Automobile Co, which you can use to evaluate the volatility of the company. Please review Sinomach Automobile's Risk Adjusted Performance of 0.0579, semi deviation of 2.51, and Coefficient Of Variation of 1506.39 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinomach Automobile holds a performance score of 11. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sinomach Automobile are expected to decrease at a much lower rate. During the bear market, Sinomach Automobile is likely to outperform the market. Please check Sinomach Automobile's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sinomach Automobile's existing price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Sinomach Automobile Co has insignificant predictability. Overlapping area represents the amount of predictability between Sinomach Automobile time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Sinomach Automobile price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Sinomach Automobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Sinomach Automobile lagged returns against current returns
Autocorrelation, which is Sinomach Automobile 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 Sinomach Automobile's stock expected returns. We can calculate the autocorrelation of Sinomach Automobile returns to help us make a trade decision. For example, suppose you find that Sinomach Automobile 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 |
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Sinomach Automobile 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 Sinomach Automobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinomach Automobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinomach Automobile stock over time.
Current vs Lagged Prices |
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Sinomach Automobile Lagged Returns
When evaluating Sinomach Automobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinomach Automobile stock have on its future price. Sinomach Automobile 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, Sinomach Automobile autocorrelation shows the relationship between Sinomach Automobile stock current value and its past values and can show if there is a momentum factor associated with investing in Sinomach Automobile Co.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Sinomach Stock
Sinomach Automobile financial ratios help investors to determine whether Sinomach 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 Sinomach with respect to the benefits of owning Sinomach Automobile security.