Shanghai Rendu (China) Market Value
| 688193 Stock | 42.49 0.11 0.26% |
| Symbol | Shanghai |
Shanghai Rendu '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 Rendu'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 Rendu.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Shanghai Rendu on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding Shanghai Rendu Biotechnology or generate 0.0% return on investment in Shanghai Rendu over 540 days. Shanghai Rendu is related to or competes with Kweichow Moutai, Shenzhen Mindray, Jiangsu Pacific, G Bits, Shenzhen Transsion, Beijing Roborock, and Luzhou Lao. Shanghai Rendu is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Rendu 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 Rendu'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 Rendu Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.0 | |||
| Information Ratio | 0.1734 | |||
| Maximum Drawdown | 28.12 | |||
| Value At Risk | (5.29) | |||
| Potential Upside | 9.18 |
Shanghai Rendu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Rendu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Rendu's standard deviation. In reality, there are many statistical measures that can use Shanghai Rendu historical prices to predict the future Shanghai Rendu's volatility.| Risk Adjusted Performance | 0.1614 | |||
| Jensen Alpha | 0.9719 | |||
| Total Risk Alpha | 0.224 | |||
| Sortino Ratio | 0.1999 | |||
| Treynor Ratio | (1.79) |
Shanghai Rendu Biote Backtested Returns
Shanghai Rendu is not too volatile given 3 months investment horizon. Shanghai Rendu Biote owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Shanghai Rendu Biote Semi Deviation of 3.15, coefficient of variation of 499.17, and Risk Adjusted Performance of 0.1614 to evaluate company specific risk that cannot be diversified away. Shanghai Rendu holds a performance score of 17 on a scale of zero to a hundred. The entity has a beta of -0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shanghai Rendu are expected to decrease at a much lower rate. During the bear market, Shanghai Rendu is likely to outperform the market. Use Shanghai Rendu Biote mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Shanghai Rendu Biote.
Auto-correlation | -0.87 |
Excellent reverse predictability
Shanghai Rendu Biotechnology has excellent reverse predictability. Overlapping area represents the amount of predictability between Shanghai Rendu time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd 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 Rendu Biote price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Shanghai Rendu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 29.96 |
Shanghai Rendu Biote lagged returns against current returns
Autocorrelation, which is Shanghai Rendu 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 Rendu's stock expected returns. We can calculate the autocorrelation of Shanghai Rendu returns to help us make a trade decision. For example, suppose you find that Shanghai Rendu 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 Rendu 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 Rendu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Rendu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Rendu stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Rendu Lagged Returns
When evaluating Shanghai Rendu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Rendu stock have on its future price. Shanghai Rendu 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 Rendu autocorrelation shows the relationship between Shanghai Rendu stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Rendu Biotechnology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Rendu 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 Rendu security.