Sichuan Furong (China) Market Value
| 603327 Stock | 12.75 0.09 0.71% |
| Symbol | Sichuan |
Sichuan Furong '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 Sichuan Furong'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 Sichuan Furong.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Sichuan Furong on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Sichuan Furong Technology or generate 0.0% return on investment in Sichuan Furong over 720 days. Sichuan Furong is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. Sichuan Furong is entity of China. It is traded as Stock on SHG exchange. More
Sichuan Furong 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 Sichuan Furong'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 Sichuan Furong Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.09 | |||
| Information Ratio | 0.0828 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (5.62) | |||
| Potential Upside | 5.68 |
Sichuan Furong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sichuan Furong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Furong's standard deviation. In reality, there are many statistical measures that can use Sichuan Furong historical prices to predict the future Sichuan Furong's volatility.| Risk Adjusted Performance | 0.0836 | |||
| Jensen Alpha | 0.3468 | |||
| Total Risk Alpha | 0.1837 | |||
| Sortino Ratio | 0.0765 | |||
| Treynor Ratio | 10.09 |
Sichuan Furong Technology Backtested Returns
Sichuan Furong appears to be somewhat reliable, given 3 months investment horizon. Sichuan Furong Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0596, which indicates the firm had a 0.0596% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sichuan Furong Technology, which you can use to evaluate the volatility of the company. Please review Sichuan Furong's Coefficient Of Variation of 1056.59, semi deviation of 3.75, and Risk Adjusted Performance of 0.0836 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sichuan Furong holds a performance score of 4. The entity has a beta of 0.0345, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sichuan Furong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sichuan Furong is expected to be smaller as well. Please check Sichuan Furong'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 Sichuan Furong's existing price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Sichuan Furong Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between Sichuan Furong time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Sichuan Furong Technology price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Sichuan Furong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 5.78 |
Sichuan Furong Technology lagged returns against current returns
Autocorrelation, which is Sichuan Furong 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 Sichuan Furong's stock expected returns. We can calculate the autocorrelation of Sichuan Furong returns to help us make a trade decision. For example, suppose you find that Sichuan Furong 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 |
Sichuan Furong 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 Sichuan Furong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Furong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Furong stock over time.
Current vs Lagged Prices |
| Timeline |
Sichuan Furong Lagged Returns
When evaluating Sichuan Furong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Furong stock have on its future price. Sichuan Furong 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, Sichuan Furong autocorrelation shows the relationship between Sichuan Furong stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Furong Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sichuan Stock
Sichuan Furong financial ratios help investors to determine whether Sichuan 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 Sichuan with respect to the benefits of owning Sichuan Furong security.