Shaanxi Lighte (China) Market Value
| 688150 Stock | 20.78 0.49 2.41% |
| Symbol | Shaanxi |
Shaanxi Lighte '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 Shaanxi Lighte'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 Shaanxi Lighte.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Shaanxi Lighte on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Shaanxi Lighte Optoelectronics or generate 0.0% return on investment in Shaanxi Lighte over 30 days. Shaanxi Lighte is related to or competes with Eastern Communications, Chinese Universe, Shanghai CEO, Beijing Kaiwen, Xinhua Winshare, State Grid, and Chengdu Spaceon. Shaanxi Lighte is entity of China. It is traded as Stock on SHG exchange. More
Shaanxi Lighte 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 Shaanxi Lighte'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 Shaanxi Lighte Optoelectronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.3 | |||
| Information Ratio | 0.0045 | |||
| Maximum Drawdown | 16.14 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 4.19 |
Shaanxi Lighte Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shaanxi Lighte's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shaanxi Lighte's standard deviation. In reality, there are many statistical measures that can use Shaanxi Lighte historical prices to predict the future Shaanxi Lighte's volatility.| Risk Adjusted Performance | 0.021 | |||
| Jensen Alpha | 0.0293 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0042 | |||
| Treynor Ratio | 0.0972 |
Shaanxi Lighte Optoe Backtested Returns
At this point, Shaanxi Lighte is not too volatile. Shaanxi Lighte Optoe owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0217, which indicates the firm had a 0.0217 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shaanxi Lighte Optoelectronics, which you can use to evaluate the volatility of the company. Please validate Shaanxi Lighte's Semi Deviation of 3.12, risk adjusted performance of 0.021, and Coefficient Of Variation of 6166.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.0671%. Shaanxi Lighte has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shaanxi Lighte's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shaanxi Lighte is expected to be smaller as well. Shaanxi Lighte Optoe right now has a risk of 3.1%. Please validate Shaanxi Lighte downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Shaanxi Lighte will be following its existing price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Shaanxi Lighte Optoelectronics has virtually no predictability. Overlapping area represents the amount of predictability between Shaanxi Lighte time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shaanxi Lighte Optoe price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Shaanxi Lighte price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Shaanxi Lighte Optoe lagged returns against current returns
Autocorrelation, which is Shaanxi Lighte 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 Shaanxi Lighte's stock expected returns. We can calculate the autocorrelation of Shaanxi Lighte returns to help us make a trade decision. For example, suppose you find that Shaanxi Lighte 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 |
Shaanxi Lighte 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 Shaanxi Lighte stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shaanxi Lighte stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shaanxi Lighte stock over time.
Current vs Lagged Prices |
| Timeline |
Shaanxi Lighte Lagged Returns
When evaluating Shaanxi Lighte's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shaanxi Lighte stock have on its future price. Shaanxi Lighte 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, Shaanxi Lighte autocorrelation shows the relationship between Shaanxi Lighte stock current value and its past values and can show if there is a momentum factor associated with investing in Shaanxi Lighte Optoelectronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shaanxi Stock
Shaanxi Lighte financial ratios help investors to determine whether Shaanxi 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 Shaanxi with respect to the benefits of owning Shaanxi Lighte security.