Shuhua Sports (China) Market Value
| 605299 Stock | 7.65 0.33 4.14% |
| Symbol | Shuhua |
Shuhua Sports '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 Shuhua Sports' 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 Shuhua Sports.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Shuhua Sports on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Shuhua Sports Co or generate 0.0% return on investment in Shuhua Sports over 30 days. Shuhua Sports is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, Beijing Roborock, Anhui Gujing, and NAURA Technology. Shuhua Sports is entity of China. It is traded as Stock on SHG exchange. More
Shuhua Sports 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 Shuhua Sports' 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 Shuhua Sports Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.0224 | |||
| Maximum Drawdown | 17.57 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 3.48 |
Shuhua Sports Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shuhua Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shuhua Sports' standard deviation. In reality, there are many statistical measures that can use Shuhua Sports historical prices to predict the future Shuhua Sports' volatility.| Risk Adjusted Performance | 0.0588 | |||
| Jensen Alpha | 0.1845 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0223 | |||
| Treynor Ratio | (0.49) |
Shuhua Sports Backtested Returns
Shuhua Sports appears to be somewhat reliable, given 3 months investment horizon. Shuhua Sports owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0803, which indicates the firm had a 0.0803% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shuhua Sports Co, which you can use to evaluate the volatility of the company. Please review Shuhua Sports' Coefficient Of Variation of 1465.77, risk adjusted performance of 0.0588, and Semi Deviation of 2.19 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shuhua Sports holds a performance score of 6. The entity has a beta of -0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shuhua Sports are expected to decrease at a much lower rate. During the bear market, Shuhua Sports is likely to outperform the market. Please check Shuhua Sports' 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 Shuhua Sports' existing price patterns will revert.
Auto-correlation | 0.12 |
Insignificant predictability
Shuhua Sports Co has insignificant predictability. Overlapping area represents the amount of predictability between Shuhua Sports time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Shuhua Sports price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Shuhua Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Shuhua Sports lagged returns against current returns
Autocorrelation, which is Shuhua Sports 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 Shuhua Sports' stock expected returns. We can calculate the autocorrelation of Shuhua Sports returns to help us make a trade decision. For example, suppose you find that Shuhua Sports 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 |
Shuhua Sports 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 Shuhua Sports stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shuhua Sports stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shuhua Sports stock over time.
Current vs Lagged Prices |
| Timeline |
Shuhua Sports Lagged Returns
When evaluating Shuhua Sports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shuhua Sports stock have on its future price. Shuhua Sports 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, Shuhua Sports autocorrelation shows the relationship between Shuhua Sports stock current value and its past values and can show if there is a momentum factor associated with investing in Shuhua Sports Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shuhua Stock
Shuhua Sports financial ratios help investors to determine whether Shuhua 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 Shuhua with respect to the benefits of owning Shuhua Sports security.