Sino Medical (China) Market Value
| 688108 Stock | 10.62 0.16 1.53% |
| Symbol | Sino |
Sino Medical '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 Sino Medical'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 Sino Medical.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sino Medical on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sino Medical Sciences or generate 0.0% return on investment in Sino Medical over 30 days. Sino Medical is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, Ping An, China Mobile, and Shanghai Pudong. Sino Medical is entity of China. It is traded as Stock on SHG exchange. More
Sino Medical 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 Sino Medical'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 Sino Medical Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.05 | |||
| Information Ratio | 0.1029 | |||
| Maximum Drawdown | 24.16 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 7.01 |
Sino Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sino Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sino Medical's standard deviation. In reality, there are many statistical measures that can use Sino Medical historical prices to predict the future Sino Medical's volatility.| Risk Adjusted Performance | 0.1101 | |||
| Jensen Alpha | 0.5297 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.1072 | |||
| Treynor Ratio | 2.84 |
Sino Medical Sciences Backtested Returns
Sino Medical appears to be slightly risky, given 3 months investment horizon. Sino Medical Sciences owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Sino Medical's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please review Sino Medical's Semi Deviation of 3.69, risk adjusted performance of 0.1101, and Coefficient Of Variation of 749.65 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sino Medical holds a performance score of 12. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sino Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sino Medical is expected to be smaller as well. Please check Sino Medical's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sino Medical's existing price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Sino Medical Sciences has weak predictability. Overlapping area represents the amount of predictability between Sino Medical time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Sino Medical Sciences price movement. The serial correlation of 0.2 indicates that over 20.0% of current Sino Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Sino Medical Sciences lagged returns against current returns
Autocorrelation, which is Sino Medical 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 Sino Medical's stock expected returns. We can calculate the autocorrelation of Sino Medical returns to help us make a trade decision. For example, suppose you find that Sino Medical 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 |
Sino Medical 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 Sino Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sino Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sino Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Sino Medical Lagged Returns
When evaluating Sino Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sino Medical stock have on its future price. Sino Medical 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, Sino Medical autocorrelation shows the relationship between Sino Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Sino Medical Sciences.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sino Stock
Sino Medical financial ratios help investors to determine whether Sino 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 Sino with respect to the benefits of owning Sino Medical security.