Shanghai Broadband (China) Market Value
| 600608 Stock | 4.04 0.11 2.65% |
| Symbol | Shanghai |
Shanghai Broadband '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 Broadband'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 Broadband.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Shanghai Broadband on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Broadband Technology or generate 0.0% return on investment in Shanghai Broadband over 30 days. Shanghai Broadband is related to or competes with Iat Automobile, Haima Automobile, Zhongtong Guomai, Anhui Transport, Xiangyang Automobile, and Fujian Longzhou. Shanghai Broadband is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Broadband 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 Broadband'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 Broadband Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.2128 | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (4.87) | |||
| Potential Upside | 4.96 |
Shanghai Broadband Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Broadband's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Broadband's standard deviation. In reality, there are many statistical measures that can use Shanghai Broadband historical prices to predict the future Shanghai Broadband's volatility.| Risk Adjusted Performance | 0.2068 | |||
| Jensen Alpha | 0.6533 | |||
| Total Risk Alpha | 0.2715 | |||
| Sortino Ratio | 0.1929 | |||
| Treynor Ratio | 2.66 |
Shanghai Broadband Backtested Returns
Shanghai Broadband appears to be moderately volatile, given 3 months investment horizon. Shanghai Broadband owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of risk over the last 3 months. By inspecting Shanghai Broadband's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Shanghai Broadband's Semi Deviation of 2.06, coefficient of variation of 382.81, and Risk Adjusted Performance of 0.2068 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Broadband holds a performance score of 20. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanghai Broadband's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Broadband is expected to be smaller as well. Please check Shanghai Broadband's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Broadband's existing price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
Shanghai Broadband Technology has modest predictability. Overlapping area represents the amount of predictability between Shanghai Broadband time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Shanghai Broadband price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Shanghai Broadband price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Shanghai Broadband lagged returns against current returns
Autocorrelation, which is Shanghai Broadband 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 Broadband's stock expected returns. We can calculate the autocorrelation of Shanghai Broadband returns to help us make a trade decision. For example, suppose you find that Shanghai Broadband 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 Broadband 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 Broadband stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Broadband stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Broadband stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Broadband Lagged Returns
When evaluating Shanghai Broadband's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Broadband stock have on its future price. Shanghai Broadband 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 Broadband autocorrelation shows the relationship between Shanghai Broadband stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Broadband Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Broadband 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 Broadband security.