Shaanxi Beiyuan (China) Market Value
| 601568 Stock | 4.41 0.04 0.92% |
| Symbol | Shaanxi |
Shaanxi Beiyuan '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 Shaanxi Beiyuan'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 Shaanxi Beiyuan.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Shaanxi Beiyuan on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Shaanxi Beiyuan Chemical or generate 0.0% return on investment in Shaanxi Beiyuan over 30 days. Shaanxi Beiyuan is related to or competes with Zijin Mining, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Shaanxi Beiyuan is entity of China. It is traded as Stock on SHG exchange. More
Shaanxi Beiyuan 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 Shaanxi Beiyuan'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 Shaanxi Beiyuan Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.0386 | |||
| Maximum Drawdown | 12.53 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 2.72 |
Shaanxi Beiyuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shaanxi Beiyuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shaanxi Beiyuan's standard deviation. In reality, there are many statistical measures that can use Shaanxi Beiyuan historical prices to predict the future Shaanxi Beiyuan's volatility.| Risk Adjusted Performance | 0.0952 | |||
| Jensen Alpha | 0.2337 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0413 | |||
| Treynor Ratio | (0.65) |
Shaanxi Beiyuan Chemical Backtested Returns
Shaanxi Beiyuan appears to be slightly risky, given 3 months investment horizon. Shaanxi Beiyuan Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shaanxi Beiyuan Chemical, which you can use to evaluate the volatility of the company. Please review Shaanxi Beiyuan's Risk Adjusted Performance of 0.0952, coefficient of variation of 853.87, and Semi Deviation of 1.45 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shaanxi Beiyuan holds a performance score of 12. The entity has a beta of -0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shaanxi Beiyuan are expected to decrease at a much lower rate. During the bear market, Shaanxi Beiyuan is likely to outperform the market. Please check Shaanxi Beiyuan'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 Shaanxi Beiyuan's existing price patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Shaanxi Beiyuan Chemical has virtually no predictability. Overlapping area represents the amount of predictability between Shaanxi Beiyuan time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Shaanxi Beiyuan Chemical price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Shaanxi Beiyuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shaanxi Beiyuan Chemical lagged returns against current returns
Autocorrelation, which is Shaanxi Beiyuan 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 Shaanxi Beiyuan's stock expected returns. We can calculate the autocorrelation of Shaanxi Beiyuan returns to help us make a trade decision. For example, suppose you find that Shaanxi Beiyuan 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 |
Shaanxi Beiyuan 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 Shaanxi Beiyuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shaanxi Beiyuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shaanxi Beiyuan stock over time.
Current vs Lagged Prices |
| Timeline |
Shaanxi Beiyuan Lagged Returns
When evaluating Shaanxi Beiyuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shaanxi Beiyuan stock have on its future price. Shaanxi Beiyuan 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, Shaanxi Beiyuan autocorrelation shows the relationship between Shaanxi Beiyuan stock current value and its past values and can show if there is a momentum factor associated with investing in Shaanxi Beiyuan Chemical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shaanxi Stock
Shaanxi Beiyuan financial ratios help investors to determine whether Shaanxi 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 Shaanxi with respect to the benefits of owning Shaanxi Beiyuan security.