Shanghai Shuixing (China) Market Value
| 603365 Stock | 15.42 0.09 0.58% |
| 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.
| 01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in Shanghai Shuixing on January 26, 2025 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 30 days. Shanghai Shuixing is related to or competes with Jilin Jlu, Fiberhome Telecommunicatio, Fujian Newland, Tianjin Hi-Tech, Shanghai Shibei, Strait Innovation, and Kuang Chi. 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 | 2.73 | |||
| Information Ratio | 0.0725 | |||
| Maximum Drawdown | 16.35 | |||
| Value At Risk | (3.90) | |||
| Potential Upside | 4.96 |
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 | 0.0621 | |||
| Jensen Alpha | 0.2203 | |||
| Total Risk Alpha | 0.243 | |||
| Sortino Ratio | 0.0832 | |||
| Treynor Ratio | (0.52) |
Shanghai Shuixing Home Backtested Returns
Shanghai Shuixing Home owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0328, which indicates the firm had a -0.0328 % return per unit of risk over the last 3 months. Shanghai Shuixing Home exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shanghai Shuixing's Risk Adjusted Performance of 0.0621, coefficient of variation of 1348.6, and Semi Deviation of 2.52 to confirm the risk estimate we provide. The entity has a beta of -0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shanghai Shuixing are expected to decrease at a much lower rate. During the bear market, Shanghai Shuixing is likely to outperform the market. At this point, Shanghai Shuixing Home has a negative expected return of -0.0914%. Please make sure to validate Shanghai Shuixing's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Shanghai Shuixing Home performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Shanghai Shuixing Home has very weak reverse predictability. Overlapping area represents the amount of predictability between Shanghai Shuixing time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 2025. 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 -0.03 indicates that only 3.0% of current Shanghai Shuixing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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.