Shanghai Electric (China) Market Value
| 601727 Stock | 10.08 0.23 2.34% |
| Symbol | Shanghai |
Shanghai Electric '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 Electric'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 Electric.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Shanghai Electric on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Electric Group or generate 0.0% return on investment in Shanghai Electric over 30 days. Shanghai Electric is related to or competes with Tjk Machinery, Henzhen Zhaowei, Hongrun Construction, Allied Machinery, Shenzhen Centralcon, Vanfund Urban, and Long Yuan. Shanghai Electric is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Electric 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 Electric'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 Electric Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.62 | |||
| Information Ratio | 0.2937 | |||
| Maximum Drawdown | 20.06 | |||
| Value At Risk | (9.71) | |||
| Potential Upside | 10.02 |
Shanghai Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Electric's standard deviation. In reality, there are many statistical measures that can use Shanghai Electric historical prices to predict the future Shanghai Electric's volatility.| Risk Adjusted Performance | 0.2437 | |||
| Jensen Alpha | 1.62 | |||
| Total Risk Alpha | 1.02 | |||
| Sortino Ratio | 0.3291 | |||
| Treynor Ratio | (12.45) |
Shanghai Electric Backtested Returns
Shanghai Electric is moderately volatile given 3 months investment horizon. Shanghai Electric owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.36, which indicates the firm had a 0.36% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.98% are justified by taking the suggested risk. Use Shanghai Electric Risk Adjusted Performance of 0.2437, semi deviation of 3.35, and Coefficient Of Variation of 320.41 to evaluate company specific risk that cannot be diversified away. Shanghai Electric holds a performance score of 28 on a scale of zero to a hundred. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanghai Electric are expected to decrease at a much lower rate. During the bear market, Shanghai Electric is likely to outperform the market. Use Shanghai Electric mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Shanghai Electric.
Auto-correlation | -0.7 |
Very good reverse predictability
Shanghai Electric Group has very good reverse predictability. Overlapping area represents the amount of predictability between Shanghai Electric time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Electric price movement. The serial correlation of -0.7 indicates that around 70.0% of current Shanghai Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Shanghai Electric lagged returns against current returns
Autocorrelation, which is Shanghai Electric 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 Electric's stock expected returns. We can calculate the autocorrelation of Shanghai Electric returns to help us make a trade decision. For example, suppose you find that Shanghai Electric 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 Electric 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 Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Electric Lagged Returns
When evaluating Shanghai Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Electric stock have on its future price. Shanghai Electric 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 Electric autocorrelation shows the relationship between Shanghai Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Electric Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Electric 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 Electric security.