Sinomach General (China) Market Value
| 600444 Stock | 16.20 0.17 1.06% |
| Symbol | Sinomach |
Sinomach General '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 General'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 General.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sinomach General on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sinomach General Machinery or generate 0.0% return on investment in Sinomach General over 180 days. Sinomach General is related to or competes with PetroChina, China State, China Mobile, Industrial, China Life, Ping An, and China Construction. Sinomach General is entity of China. It is traded as Stock on SHG exchange. More
Sinomach General 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 General'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 General Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.1124 | |||
| Maximum Drawdown | 17.32 | |||
| Value At Risk | (6.31) | |||
| Potential Upside | 8.97 |
Sinomach General Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinomach General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinomach General's standard deviation. In reality, there are many statistical measures that can use Sinomach General historical prices to predict the future Sinomach General's volatility.| Risk Adjusted Performance | 0.1199 | |||
| Jensen Alpha | 0.5659 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1267 | |||
| Treynor Ratio | (4.48) |
Sinomach General Mac Backtested Returns
Sinomach General appears to be somewhat reliable, given 3 months investment horizon. Sinomach General Mac owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Sinomach General's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Sinomach General's Risk Adjusted Performance of 0.1199, coefficient of variation of 683.05, and Semi Deviation of 2.94 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinomach General holds a performance score of 13. 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 Sinomach General are expected to decrease at a much lower rate. During the bear market, Sinomach General is likely to outperform the market. Please check Sinomach General'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 General's existing price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Sinomach General Machinery has very weak reverse predictability. Overlapping area represents the amount of predictability between Sinomach General time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Sinomach General Mac price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Sinomach General price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 4.94 |
Sinomach General Mac lagged returns against current returns
Autocorrelation, which is Sinomach General 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 General's stock expected returns. We can calculate the autocorrelation of Sinomach General returns to help us make a trade decision. For example, suppose you find that Sinomach General 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 |
Sinomach General 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 General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinomach General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinomach General stock over time.
Current vs Lagged Prices |
| Timeline |
Sinomach General Lagged Returns
When evaluating Sinomach General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinomach General stock have on its future price. Sinomach General 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 General autocorrelation shows the relationship between Sinomach General stock current value and its past values and can show if there is a momentum factor associated with investing in Sinomach General Machinery.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sinomach Stock
Sinomach General 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 General security.