Shenzhen Fortune (China) Market Value
| 688318 Stock | 161.45 4.21 2.54% |
| Symbol | Shenzhen |
Shenzhen Fortune '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 Shenzhen Fortune'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 Shenzhen Fortune.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Shenzhen Fortune on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Fortune Trend or generate 0.0% return on investment in Shenzhen Fortune over 30 days. Shenzhen Fortune is related to or competes with Agricultural Bank, Industrial, Bank of China, PetroChina, China Petroleum, Postal Savings, and China Telecom. Shenzhen Fortune is entity of China. It is traded as Stock on SHG exchange. More
Shenzhen Fortune 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 Shenzhen Fortune'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 Shenzhen Fortune Trend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.37 | |||
| Information Ratio | 0.1589 | |||
| Maximum Drawdown | 37.36 | |||
| Value At Risk | (7.91) | |||
| Potential Upside | 16.97 |
Shenzhen Fortune Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Fortune's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Fortune's standard deviation. In reality, there are many statistical measures that can use Shenzhen Fortune historical prices to predict the future Shenzhen Fortune's volatility.| Risk Adjusted Performance | 0.1454 | |||
| Jensen Alpha | 1.24 | |||
| Total Risk Alpha | 0.1305 | |||
| Sortino Ratio | 0.2029 | |||
| Treynor Ratio | (5.63) |
Shenzhen Fortune Trend Backtested Returns
Shenzhen Fortune is very steady given 3 months investment horizon. Shenzhen Fortune Trend owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.45% are justified by taking the suggested risk. Use Shenzhen Fortune Trend Coefficient Of Variation of 561.83, risk adjusted performance of 0.1454, and Semi Deviation of 4.42 to evaluate company specific risk that cannot be diversified away. Shenzhen Fortune holds a performance score of 15 on a scale of zero to a hundred. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shenzhen Fortune are expected to decrease at a much lower rate. During the bear market, Shenzhen Fortune is likely to outperform the market. Use Shenzhen Fortune Trend market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Shenzhen Fortune Trend.
Auto-correlation | -0.58 |
Good reverse predictability
Shenzhen Fortune Trend has good reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Fortune time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Shenzhen Fortune Trend price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Shenzhen Fortune price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 102.1 |
Shenzhen Fortune Trend lagged returns against current returns
Autocorrelation, which is Shenzhen Fortune 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 Shenzhen Fortune's stock expected returns. We can calculate the autocorrelation of Shenzhen Fortune returns to help us make a trade decision. For example, suppose you find that Shenzhen Fortune 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 |
Shenzhen Fortune 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 Shenzhen Fortune stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Fortune stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Fortune stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Fortune Lagged Returns
When evaluating Shenzhen Fortune's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Fortune stock have on its future price. Shenzhen Fortune 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, Shenzhen Fortune autocorrelation shows the relationship between Shenzhen Fortune stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Fortune Trend.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shenzhen Stock
Shenzhen Fortune financial ratios help investors to determine whether Shenzhen 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 Shenzhen with respect to the benefits of owning Shenzhen Fortune security.