Southern PublishingMedia (China) Market Value
| 601900 Stock | 14.44 0.47 3.15% |
| Symbol | Southern |
Southern PublishingMedia '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 Southern PublishingMedia'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 Southern PublishingMedia.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Southern PublishingMedia on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Southern PublishingMedia Co or generate 0.0% return on investment in Southern PublishingMedia over 90 days. Southern PublishingMedia is related to or competes with China State, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Southern PublishingMedia is entity of China More
Southern PublishingMedia 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 Southern PublishingMedia'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 Southern PublishingMedia Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.46 | |||
| Information Ratio | 0.0859 | |||
| Maximum Drawdown | 17.72 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.98 |
Southern PublishingMedia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern PublishingMedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern PublishingMedia's standard deviation. In reality, there are many statistical measures that can use Southern PublishingMedia historical prices to predict the future Southern PublishingMedia's volatility.| Risk Adjusted Performance | 0.1054 | |||
| Jensen Alpha | 0.4112 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0779 | |||
| Treynor Ratio | (2.23) |
Southern PublishingMedia Backtested Returns
Southern PublishingMedia appears to be somewhat reliable, given 3 months investment horizon. Southern PublishingMedia owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. By inspecting Southern PublishingMedia's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please review Southern PublishingMedia's Risk Adjusted Performance of 0.1054, coefficient of variation of 783.87, and Semi Deviation of 3.14 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Southern PublishingMedia holds a performance score of 12. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Southern PublishingMedia are expected to decrease at a much lower rate. During the bear market, Southern PublishingMedia is likely to outperform the market. Please check Southern PublishingMedia's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Southern PublishingMedia's existing price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Southern PublishingMedia Co has good predictability. Overlapping area represents the amount of predictability between Southern PublishingMedia time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Southern PublishingMedia price movement. The serial correlation of 0.77 indicates that around 77.0% of current Southern PublishingMedia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Southern PublishingMedia lagged returns against current returns
Autocorrelation, which is Southern PublishingMedia 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 Southern PublishingMedia's stock expected returns. We can calculate the autocorrelation of Southern PublishingMedia returns to help us make a trade decision. For example, suppose you find that Southern PublishingMedia 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 |
Southern PublishingMedia 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 Southern PublishingMedia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern PublishingMedia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern PublishingMedia stock over time.
Current vs Lagged Prices |
| Timeline |
Southern PublishingMedia Lagged Returns
When evaluating Southern PublishingMedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern PublishingMedia stock have on its future price. Southern PublishingMedia 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, Southern PublishingMedia autocorrelation shows the relationship between Southern PublishingMedia stock current value and its past values and can show if there is a momentum factor associated with investing in Southern PublishingMedia Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Southern Stock
Southern PublishingMedia financial ratios help investors to determine whether Southern 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 Southern with respect to the benefits of owning Southern PublishingMedia security.