Shanghai Sanyou (China) Market Value
| 688085 Stock | 21.06 0.69 3.39% |
| Symbol | Shanghai |
Shanghai Sanyou '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 Sanyou'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 Sanyou.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Shanghai Sanyou on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Shanghai Sanyou Medical or generate 0.0% return on investment in Shanghai Sanyou over 720 days. Shanghai Sanyou is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Shanghai Sanyou is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Sanyou 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 Sanyou'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 Sanyou Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.0678 | |||
| Maximum Drawdown | 28.94 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 5.86 |
Shanghai Sanyou Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Sanyou's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Sanyou's standard deviation. In reality, there are many statistical measures that can use Shanghai Sanyou historical prices to predict the future Shanghai Sanyou's volatility.| Risk Adjusted Performance | 0.0877 | |||
| Jensen Alpha | 0.3914 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0832 | |||
| Treynor Ratio | (6.31) |
Shanghai Sanyou Medical Backtested Returns
Shanghai Sanyou appears to be somewhat reliable, given 3 months investment horizon. Shanghai Sanyou Medical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0966, which indicates the firm had a 0.0966% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shanghai Sanyou Medical, which you can use to evaluate the volatility of the company. Please review Shanghai Sanyou's Risk Adjusted Performance of 0.0877, coefficient of variation of 958.77, and Semi Deviation of 2.71 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Sanyou holds a performance score of 7. The entity has a beta of -0.0608, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanghai Sanyou are expected to decrease at a much lower rate. During the bear market, Shanghai Sanyou is likely to outperform the market. Please check Shanghai Sanyou'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 Sanyou's existing price patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Shanghai Sanyou Medical has modest reverse predictability. Overlapping area represents the amount of predictability between Shanghai Sanyou time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Sanyou Medical price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Shanghai Sanyou price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 3.42 |
Shanghai Sanyou Medical lagged returns against current returns
Autocorrelation, which is Shanghai Sanyou 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 Sanyou's stock expected returns. We can calculate the autocorrelation of Shanghai Sanyou returns to help us make a trade decision. For example, suppose you find that Shanghai Sanyou 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 Sanyou 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 Sanyou stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Sanyou stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Sanyou stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Sanyou Lagged Returns
When evaluating Shanghai Sanyou's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Sanyou stock have on its future price. Shanghai Sanyou 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 Sanyou autocorrelation shows the relationship between Shanghai Sanyou stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Sanyou Medical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Sanyou 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 Sanyou security.