Shanghai OPM (China) Market Value
| 688293 Stock | 42.98 0.20 0.47% |
| Symbol | Shanghai |
Shanghai OPM '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 OPM'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 OPM.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Shanghai OPM on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai OPM Biosciences or generate 0.0% return on investment in Shanghai OPM over 30 days. Shanghai OPM is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Shanghai OPM is entity of China. It is traded as Stock on SHG exchange. More
Shanghai OPM 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 OPM'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 OPM Biosciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.28 | |||
| Information Ratio | 0.1118 | |||
| Maximum Drawdown | 29.27 | |||
| Value At Risk | (4.87) | |||
| Potential Upside | 11.13 |
Shanghai OPM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai OPM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai OPM's standard deviation. In reality, there are many statistical measures that can use Shanghai OPM historical prices to predict the future Shanghai OPM's volatility.| Risk Adjusted Performance | 0.114 | |||
| Jensen Alpha | 0.7498 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1324 | |||
| Treynor Ratio | (1.33) |
Shanghai OPM Biosciences Backtested Returns
Shanghai OPM appears to be not too volatile, given 3 months investment horizon. Shanghai OPM Biosciences 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 Shanghai OPM's technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please review Shanghai OPM's Coefficient Of Variation of 727.03, risk adjusted performance of 0.114, and Semi Deviation of 3.68 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai OPM holds a performance score of 14. The entity has a beta of -0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shanghai OPM are expected to decrease at a much lower rate. During the bear market, Shanghai OPM is likely to outperform the market. Please check Shanghai OPM's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai OPM's existing price patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Shanghai OPM Biosciences has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shanghai OPM time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Shanghai OPM Biosciences price movement. The serial correlation of -0.16 indicates that over 16.0% of current Shanghai OPM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.84 |
Shanghai OPM Biosciences lagged returns against current returns
Autocorrelation, which is Shanghai OPM 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 OPM's stock expected returns. We can calculate the autocorrelation of Shanghai OPM returns to help us make a trade decision. For example, suppose you find that Shanghai OPM 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 OPM 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 OPM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai OPM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai OPM stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai OPM Lagged Returns
When evaluating Shanghai OPM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai OPM stock have on its future price. Shanghai OPM 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 OPM autocorrelation shows the relationship between Shanghai OPM stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai OPM Biosciences.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai OPM 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 OPM security.