Shandong Pharmaceutical (China) Market Value
| 600529 Stock | 24.21 0.29 1.18% |
| Symbol | Shandong |
Shandong Pharmaceutical '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 Pharmaceutical'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 Pharmaceutical.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Shandong Pharmaceutical on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Shandong Pharmaceutical Glass or generate 0.0% return on investment in Shandong Pharmaceutical over 540 days. Shandong Pharmaceutical is related to or competes with PetroChina, China Mobile, Ping An, China Petroleum, China Telecom, Kweichow Moutai, and China Life. Shandong Pharmaceutical is entity of China More
Shandong Pharmaceutical 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 Pharmaceutical'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 Pharmaceutical Glass upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.01 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 3.43 |
Shandong Pharmaceutical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Pharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Pharmaceutical's standard deviation. In reality, there are many statistical measures that can use Shandong Pharmaceutical historical prices to predict the future Shandong Pharmaceutical's volatility.| Risk Adjusted Performance | 0.0327 | |||
| Jensen Alpha | 0.0324 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.216 |
Shandong Pharmaceutical Backtested Returns
Shandong Pharmaceutical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0107, which indicates the firm had a -0.0107% return per unit of risk over the last 3 months. Shandong Pharmaceutical Glass exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shandong Pharmaceutical's Risk Adjusted Performance of 0.0327, semi deviation of 2.11, and Coefficient Of Variation of 2946.44 to confirm the risk estimate we provide. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shandong Pharmaceutical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shandong Pharmaceutical is expected to be smaller as well. At this point, Shandong Pharmaceutical has a negative expected return of -0.0208%. Please make sure to validate Shandong Pharmaceutical's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Shandong Pharmaceutical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Shandong Pharmaceutical Glass has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shandong Pharmaceutical time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Shandong Pharmaceutical price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Shandong Pharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 4.73 |
Shandong Pharmaceutical lagged returns against current returns
Autocorrelation, which is Shandong Pharmaceutical 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 Pharmaceutical's stock expected returns. We can calculate the autocorrelation of Shandong Pharmaceutical returns to help us make a trade decision. For example, suppose you find that Shandong Pharmaceutical 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 Pharmaceutical 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 Pharmaceutical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Pharmaceutical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Pharmaceutical stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Pharmaceutical Lagged Returns
When evaluating Shandong Pharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Pharmaceutical stock have on its future price. Shandong Pharmaceutical 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 Pharmaceutical autocorrelation shows the relationship between Shandong Pharmaceutical stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Pharmaceutical Glass.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shandong Stock
Shandong Pharmaceutical 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 Pharmaceutical security.