Shanghai Jinfeng (China) Market Value
| 600616 Stock | 5.81 0.30 4.91% |
| Symbol | Shanghai |
Shanghai Jinfeng '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 Jinfeng'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 Jinfeng.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Shanghai Jinfeng on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Jinfeng Wine or generate 0.0% return on investment in Shanghai Jinfeng over 30 days. Shanghai Jinfeng is related to or competes with BYD Co, China Mobile, Agricultural Bank, Industrial, China State, China Construction, and PetroChina. Shanghai Jinfeng is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Jinfeng 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 Jinfeng'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 Jinfeng Wine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.0907 | |||
| Maximum Drawdown | 18.02 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 5.54 |
Shanghai Jinfeng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Jinfeng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Jinfeng's standard deviation. In reality, there are many statistical measures that can use Shanghai Jinfeng historical prices to predict the future Shanghai Jinfeng's volatility.| Risk Adjusted Performance | 0.1111 | |||
| Jensen Alpha | 0.359 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0952 | |||
| Treynor Ratio | 2.35 |
Shanghai Jinfeng Wine Backtested Returns
Shanghai Jinfeng appears to be slightly risky, given 3 months investment horizon. Shanghai Jinfeng Wine owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting Shanghai Jinfeng's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please review Shanghai Jinfeng's Coefficient Of Variation of 736.8, semi deviation of 2.39, and Risk Adjusted Performance of 0.1111 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Jinfeng holds a performance score of 14. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanghai Jinfeng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Jinfeng is expected to be smaller as well. Please check Shanghai Jinfeng's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Jinfeng's existing price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Shanghai Jinfeng Wine has virtually no predictability. Overlapping area represents the amount of predictability between Shanghai Jinfeng time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Shanghai Jinfeng Wine price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Shanghai Jinfeng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Shanghai Jinfeng Wine lagged returns against current returns
Autocorrelation, which is Shanghai Jinfeng 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 Jinfeng's stock expected returns. We can calculate the autocorrelation of Shanghai Jinfeng returns to help us make a trade decision. For example, suppose you find that Shanghai Jinfeng 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 Jinfeng 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 Jinfeng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Jinfeng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Jinfeng stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Jinfeng Lagged Returns
When evaluating Shanghai Jinfeng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Jinfeng stock have on its future price. Shanghai Jinfeng 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 Jinfeng autocorrelation shows the relationship between Shanghai Jinfeng stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Jinfeng Wine.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Jinfeng 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 Jinfeng security.