Shenghe Resources (China) Market Value
| 600392 Stock | 11.49 0.10 0.86% |
| Symbol | Shenghe |
Shenghe Resources '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 Shenghe Resources' 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 Shenghe Resources.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Shenghe Resources on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shenghe Resources Holding or generate 0.0% return on investment in Shenghe Resources over 180 days. Shenghe Resources is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Shenghe Resources is entity of China. It is traded as Stock on SHG exchange. More
Shenghe Resources 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 Shenghe Resources' 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 Shenghe Resources Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.1498 | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 7.28 |
Shenghe Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenghe Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenghe Resources' standard deviation. In reality, there are many statistical measures that can use Shenghe Resources historical prices to predict the future Shenghe Resources' volatility.| Risk Adjusted Performance | 0.1507 | |||
| Jensen Alpha | 0.6491 | |||
| Total Risk Alpha | 0.0999 | |||
| Sortino Ratio | 0.1758 | |||
| Treynor Ratio | (5.89) |
Shenghe Resources Holding Backtested Returns
Shenghe Resources appears to be somewhat reliable, given 3 months investment horizon. Shenghe Resources Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. By inspecting Shenghe Resources' technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please review Shenghe Resources' Semi Deviation of 2.37, coefficient of variation of 534.64, and Risk Adjusted Performance of 0.1507 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenghe Resources holds a performance score of 17. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shenghe Resources are expected to decrease at a much lower rate. During the bear market, Shenghe Resources is likely to outperform the market. Please check Shenghe Resources' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shenghe Resources' existing price patterns will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Shenghe Resources Holding has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Shenghe Resources time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Shenghe Resources Holding price movement. The serial correlation of -0.77 indicates that around 77.0% of current Shenghe Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 3.43 |
Shenghe Resources Holding lagged returns against current returns
Autocorrelation, which is Shenghe Resources 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 Shenghe Resources' stock expected returns. We can calculate the autocorrelation of Shenghe Resources returns to help us make a trade decision. For example, suppose you find that Shenghe Resources 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 |
Shenghe Resources 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 Shenghe Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenghe Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenghe Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Shenghe Resources Lagged Returns
When evaluating Shenghe Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenghe Resources stock have on its future price. Shenghe Resources 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, Shenghe Resources autocorrelation shows the relationship between Shenghe Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Shenghe Resources Holding.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shenghe Stock
Shenghe Resources financial ratios help investors to determine whether Shenghe 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 Shenghe with respect to the benefits of owning Shenghe Resources security.