Sinotrans (China) Market Value
| 601598 Stock | 5.42 0.07 1.31% |
| Symbol | Sinotrans |
Sinotrans '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 Sinotrans' 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 Sinotrans.
| 06/29/2024 |
| 12/26/2024 |
If you would invest 0.00 in Sinotrans on June 29, 2024 and sell it all today you would earn a total of 0.00 from holding Sinotrans Ltd Class or generate 0.0% return on investment in Sinotrans over 180 days. Sinotrans is related to or competes with Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, Shandong Ruifeng, and Jiangsu Seagull. Sinotrans is entity of China. It is traded as Stock on SHG exchange. More
Sinotrans 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 Sinotrans' 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 Sinotrans Ltd Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.1147 | |||
| Maximum Drawdown | 14.96 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 3.85 |
Sinotrans Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinotrans' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinotrans' standard deviation. In reality, there are many statistical measures that can use Sinotrans historical prices to predict the future Sinotrans' volatility.| Risk Adjusted Performance | 0.1144 | |||
| Jensen Alpha | 0.2735 | |||
| Total Risk Alpha | 0.1908 | |||
| Sortino Ratio | 0.1005 | |||
| Treynor Ratio | 0.7987 |
Sinotrans Class Backtested Returns
At this point, Sinotrans is somewhat reliable. Sinotrans Class owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0428, which indicates the firm had a 0.0428% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sinotrans Ltd Class, which you can use to evaluate the volatility of the company. Please validate Sinotrans' Semi Deviation of 2.24, risk adjusted performance of 0.1144, and Coefficient Of Variation of 739.77 to confirm if the risk estimate we provide is consistent with the expected return of 0.0943%. Sinotrans has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sinotrans' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sinotrans is expected to be smaller as well. Sinotrans Class right now has a risk of 2.2%. Please validate Sinotrans downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Sinotrans will be following its existing price patterns.
Auto-correlation | 0.07 |
Virtually no predictability
Sinotrans Ltd Class has virtually no predictability. Overlapping area represents the amount of predictability between Sinotrans time series from 29th of June 2024 to 27th of September 2024 and 27th of September 2024 to 26th 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 Sinotrans Class price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Sinotrans price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sinotrans Class lagged returns against current returns
Autocorrelation, which is Sinotrans 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 Sinotrans' stock expected returns. We can calculate the autocorrelation of Sinotrans returns to help us make a trade decision. For example, suppose you find that Sinotrans 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 |
Sinotrans 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 Sinotrans stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinotrans stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinotrans stock over time.
Current vs Lagged Prices |
| Timeline |
Sinotrans Lagged Returns
When evaluating Sinotrans' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinotrans stock have on its future price. Sinotrans 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, Sinotrans autocorrelation shows the relationship between Sinotrans stock current value and its past values and can show if there is a momentum factor associated with investing in Sinotrans Ltd Class.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sinotrans Stock
Sinotrans financial ratios help investors to determine whether Sinotrans 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 Sinotrans with respect to the benefits of owning Sinotrans security.