Shanghai AtHub (China) Market Value
| 603881 Stock | 19.59 0.43 2.24% |
| Symbol | Shanghai |
Shanghai AtHub '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 AtHub'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 AtHub.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Shanghai AtHub on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai AtHub Co or generate 0.0% return on investment in Shanghai AtHub over 30 days. Shanghai AtHub is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Shanghai AtHub is entity of China. It is traded as Stock on SHG exchange. More
Shanghai AtHub 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 AtHub'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 AtHub Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.1757 | |||
| Maximum Drawdown | 18.82 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 5.57 |
Shanghai AtHub Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai AtHub's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai AtHub's standard deviation. In reality, there are many statistical measures that can use Shanghai AtHub historical prices to predict the future Shanghai AtHub's volatility.| Risk Adjusted Performance | 0.1555 | |||
| Jensen Alpha | 0.5948 | |||
| Total Risk Alpha | 0.4988 | |||
| Sortino Ratio | 0.1896 | |||
| Treynor Ratio | (2.10) |
Shanghai AtHub Backtested Returns
Shanghai AtHub appears to be somewhat reliable, given 3 months investment horizon. Shanghai AtHub owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shanghai AtHub Co, which you can use to evaluate the volatility of the company. Please review Shanghai AtHub's Coefficient Of Variation of 538.7, risk adjusted performance of 0.1555, and Semi Deviation of 2.72 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai AtHub holds a performance score of 8. The entity has a beta of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanghai AtHub are expected to decrease at a much lower rate. During the bear market, Shanghai AtHub is likely to outperform the market. Please check Shanghai AtHub's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai AtHub's existing price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Shanghai AtHub Co has average predictability. Overlapping area represents the amount of predictability between Shanghai AtHub time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Shanghai AtHub price movement. The serial correlation of 0.49 indicates that about 49.0% of current Shanghai AtHub price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Shanghai AtHub lagged returns against current returns
Autocorrelation, which is Shanghai AtHub 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 AtHub's stock expected returns. We can calculate the autocorrelation of Shanghai AtHub returns to help us make a trade decision. For example, suppose you find that Shanghai AtHub 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 AtHub 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 AtHub stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai AtHub stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai AtHub stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai AtHub Lagged Returns
When evaluating Shanghai AtHub's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai AtHub stock have on its future price. Shanghai AtHub 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 AtHub autocorrelation shows the relationship between Shanghai AtHub stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai AtHub Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai AtHub 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 AtHub security.