Shanghai Shuixing (China) Market Value
| 603365 Stock | 16.44 0.42 2.49% |
| Symbol | Shanghai |
Shanghai Shuixing '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 Shuixing'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 Shuixing.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Shanghai Shuixing on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Shanghai Shuixing Home or generate 0.0% return on investment in Shanghai Shuixing over 390 days. Shanghai Shuixing is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Shanghai Shuixing is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Shuixing 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 Shuixing'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 Shuixing Home upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.88 | |||
| Information Ratio | 0.0926 | |||
| Maximum Drawdown | 18.47 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 6.95 |
Shanghai Shuixing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Shuixing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Shuixing's standard deviation. In reality, there are many statistical measures that can use Shanghai Shuixing historical prices to predict the future Shanghai Shuixing's volatility.| Risk Adjusted Performance | 0.1101 | |||
| Jensen Alpha | 0.4013 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.107 | |||
| Treynor Ratio | 1.62 |
Shanghai Shuixing Home Backtested Returns
Shanghai Shuixing appears to be not too volatile, given 3 months investment horizon. Shanghai Shuixing Home owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. By inspecting Shanghai Shuixing's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please review Shanghai Shuixing's Risk Adjusted Performance of 0.1101, coefficient of variation of 746.22, and Semi Deviation of 2.42 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Shuixing holds a performance score of 17. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanghai Shuixing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Shuixing is expected to be smaller as well. Please check Shanghai Shuixing'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 Shanghai Shuixing's existing price patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Shanghai Shuixing Home has poor reverse predictability. Overlapping area represents the amount of predictability between Shanghai Shuixing time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Shuixing Home price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Shanghai Shuixing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 5.25 |
Shanghai Shuixing Home lagged returns against current returns
Autocorrelation, which is Shanghai Shuixing 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 Shuixing's stock expected returns. We can calculate the autocorrelation of Shanghai Shuixing returns to help us make a trade decision. For example, suppose you find that Shanghai Shuixing 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 Shuixing 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 Shuixing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Shuixing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Shuixing stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Shuixing Lagged Returns
When evaluating Shanghai Shuixing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Shuixing stock have on its future price. Shanghai Shuixing 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 Shuixing autocorrelation shows the relationship between Shanghai Shuixing stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Shuixing Home.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Shuixing 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 Shuixing security.