Suzhou Novoprotein (China) Market Value
| 688137 Stock | 36.25 0.84 2.37% |
| Symbol | Suzhou |
Suzhou Novoprotein '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 Suzhou Novoprotein'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 Suzhou Novoprotein.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Suzhou Novoprotein on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Suzhou Novoprotein Scientific or generate 0.0% return on investment in Suzhou Novoprotein over 540 days. Suzhou Novoprotein is related to or competes with Uxi Unicomp, 360 Security, Linewell Software, Guangdong Xiongsu, Holitech Technology, Kuangda Technology, and Shanghai Rightongene. Suzhou Novoprotein is entity of China. It is traded as Stock on SHG exchange. More
Suzhou Novoprotein 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 Suzhou Novoprotein'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 Suzhou Novoprotein Scientific upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.97 | |||
| Information Ratio | 0.0539 | |||
| Maximum Drawdown | 22.24 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 5.14 |
Suzhou Novoprotein Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suzhou Novoprotein's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suzhou Novoprotein's standard deviation. In reality, there are many statistical measures that can use Suzhou Novoprotein historical prices to predict the future Suzhou Novoprotein's volatility.| Risk Adjusted Performance | 0.0812 | |||
| Jensen Alpha | 0.2669 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0536 | |||
| Treynor Ratio | 4.03 |
Suzhou Novoprotein Backtested Returns
Suzhou Novoprotein appears to be very steady, given 3 months investment horizon. Suzhou Novoprotein owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Suzhou Novoprotein Scientific, which you can use to evaluate the volatility of the company. Please review Suzhou Novoprotein's Risk Adjusted Performance of 0.0812, coefficient of variation of 1038.23, and Semi Deviation of 2.72 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Suzhou Novoprotein holds a performance score of 9. The entity has a beta of 0.0682, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Suzhou Novoprotein's returns are expected to increase less than the market. However, during the bear market, the loss of holding Suzhou Novoprotein is expected to be smaller as well. Please check Suzhou Novoprotein's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Suzhou Novoprotein's existing price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Suzhou Novoprotein Scientific has weak reverse predictability. Overlapping area represents the amount of predictability between Suzhou Novoprotein time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Suzhou Novoprotein price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Suzhou Novoprotein price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 9.7 |
Suzhou Novoprotein lagged returns against current returns
Autocorrelation, which is Suzhou Novoprotein 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 Suzhou Novoprotein's stock expected returns. We can calculate the autocorrelation of Suzhou Novoprotein returns to help us make a trade decision. For example, suppose you find that Suzhou Novoprotein 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 |
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Suzhou Novoprotein 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 Suzhou Novoprotein stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suzhou Novoprotein stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suzhou Novoprotein stock over time.
Current vs Lagged Prices |
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Suzhou Novoprotein Lagged Returns
When evaluating Suzhou Novoprotein's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suzhou Novoprotein stock have on its future price. Suzhou Novoprotein 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, Suzhou Novoprotein autocorrelation shows the relationship between Suzhou Novoprotein stock current value and its past values and can show if there is a momentum factor associated with investing in Suzhou Novoprotein Scientific.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Suzhou Stock
Suzhou Novoprotein financial ratios help investors to determine whether Suzhou 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 Suzhou with respect to the benefits of owning Suzhou Novoprotein security.