Shanghai Rightongene (China) Market Value
| 688217 Stock | 19.59 0.01 0.05% |
| Symbol | Shanghai |
Shanghai Rightongene '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 Rightongene'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 Rightongene.
| 07/24/2024 |
| 01/20/2025 |
If you would invest 0.00 in Shanghai Rightongene on July 24, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Rightongene Biotechnology or generate 0.0% return on investment in Shanghai Rightongene over 180 days. Shanghai Rightongene is related to or competes with Xiandai Investment, Tsingtao Brewery, Bus Online, Easyhome New, Shuhua Sports, Jiangsu Yueda, and Everdisplay Optronics. Shanghai Rightongene is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Rightongene 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 Rightongene'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 Rightongene Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.25 | |||
| Information Ratio | 0.059 | |||
| Maximum Drawdown | 24.78 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 5.4 |
Shanghai Rightongene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Rightongene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Rightongene's standard deviation. In reality, there are many statistical measures that can use Shanghai Rightongene historical prices to predict the future Shanghai Rightongene's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.2476 | |||
| Total Risk Alpha | 0.1628 | |||
| Sortino Ratio | 0.056 | |||
| Treynor Ratio | 0.4837 |
Shanghai Rightongene Backtested Returns
At this point, Shanghai Rightongene is not too volatile. Shanghai Rightongene owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0305, which indicates the firm had a 0.0305 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shanghai Rightongene Biotechnology, which you can use to evaluate the volatility of the company. Please validate Shanghai Rightongene's Coefficient Of Variation of 1508.34, risk adjusted performance of 0.0633, and Semi Deviation of 3.98 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Shanghai Rightongene has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shanghai Rightongene's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Rightongene is expected to be smaller as well. Shanghai Rightongene right now has a risk of 4.05%. Please validate Shanghai Rightongene mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Shanghai Rightongene will be following its existing price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
Shanghai Rightongene Biotechnology has modest reverse predictability. Overlapping area represents the amount of predictability between Shanghai Rightongene time series from 24th of July 2024 to 22nd of October 2024 and 22nd of October 2024 to 20th 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 Shanghai Rightongene price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Shanghai Rightongene price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 2.69 |
Shanghai Rightongene lagged returns against current returns
Autocorrelation, which is Shanghai Rightongene 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 Rightongene's stock expected returns. We can calculate the autocorrelation of Shanghai Rightongene returns to help us make a trade decision. For example, suppose you find that Shanghai Rightongene 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 Rightongene 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 Rightongene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Rightongene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Rightongene stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Rightongene Lagged Returns
When evaluating Shanghai Rightongene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Rightongene stock have on its future price. Shanghai Rightongene 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 Rightongene autocorrelation shows the relationship between Shanghai Rightongene stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Rightongene Biotechnology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Rightongene 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 Rightongene security.