Shareate Tools (China) Market Value
| 688257 Stock | 18.10 0.11 0.61% |
| Symbol | Shareate |
Shareate Tools '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 Shareate Tools' 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 Shareate Tools.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Shareate Tools on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Shareate Tools or generate 0.0% return on investment in Shareate Tools over 30 days. Shareate Tools is related to or competes with Zhongrun Resources, Vanfund Urban, Tieling Newcity, Air China, Guangdong Jingyi, and Hefei Metalforming. Shareate Tools is entity of China. It is traded as Stock on SHG exchange. More
Shareate Tools 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 Shareate Tools' 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 Shareate Tools upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.1074 | |||
| Maximum Drawdown | 22.98 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 5.52 |
Shareate Tools Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shareate Tools' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shareate Tools' standard deviation. In reality, there are many statistical measures that can use Shareate Tools historical prices to predict the future Shareate Tools' volatility.| Risk Adjusted Performance | 0.1107 | |||
| Jensen Alpha | 0.5251 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1272 | |||
| Treynor Ratio | (0.64) |
Shareate Tools Backtested Returns
Shareate Tools appears to be somewhat reliable, given 3 months investment horizon. Shareate Tools owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting Shareate Tools' technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please review Shareate Tools' Semi Deviation of 2.43, coefficient of variation of 706.07, and Risk Adjusted Performance of 0.1107 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shareate Tools holds a performance score of 14. The entity has a beta of -0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shareate Tools are expected to decrease at a much lower rate. During the bear market, Shareate Tools is likely to outperform the market. Please check Shareate Tools' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shareate Tools' existing price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Shareate Tools has good reverse predictability. Overlapping area represents the amount of predictability between Shareate Tools time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Shareate Tools price movement. The serial correlation of -0.53 indicates that about 53.0% of current Shareate Tools price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Shareate Tools lagged returns against current returns
Autocorrelation, which is Shareate Tools 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 Shareate Tools' stock expected returns. We can calculate the autocorrelation of Shareate Tools returns to help us make a trade decision. For example, suppose you find that Shareate Tools 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 |
Shareate Tools 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 Shareate Tools stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shareate Tools stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shareate Tools stock over time.
Current vs Lagged Prices |
| Timeline |
Shareate Tools Lagged Returns
When evaluating Shareate Tools' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shareate Tools stock have on its future price. Shareate Tools 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, Shareate Tools autocorrelation shows the relationship between Shareate Tools stock current value and its past values and can show if there is a momentum factor associated with investing in Shareate Tools.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shareate Stock
Shareate Tools financial ratios help investors to determine whether Shareate 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 Shareate with respect to the benefits of owning Shareate Tools security.