Suzhou Mingzhi (China) Market Value
| 688355 Stock | 18.50 0.45 2.49% |
| Symbol | Suzhou |
Suzhou Mingzhi '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 Suzhou Mingzhi'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 Suzhou Mingzhi.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Suzhou Mingzhi on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Suzhou Mingzhi Technology or generate 0.0% return on investment in Suzhou Mingzhi over 30 days. Suzhou Mingzhi is related to or competes with Epoxy Base, Nantong Haixing, China Life, Hangzhou Weiguang, Peoples Insurance, Ping An, and TongFu Microelectronics. Suzhou Mingzhi is entity of China. It is traded as Stock on SHG exchange. More
Suzhou Mingzhi 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 Suzhou Mingzhi'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 Suzhou Mingzhi Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.1575 | |||
| Maximum Drawdown | 24.22 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 9.83 |
Suzhou Mingzhi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suzhou Mingzhi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suzhou Mingzhi's standard deviation. In reality, there are many statistical measures that can use Suzhou Mingzhi historical prices to predict the future Suzhou Mingzhi's volatility.| Risk Adjusted Performance | 0.153 | |||
| Jensen Alpha | 0.783 | |||
| Total Risk Alpha | 0.128 | |||
| Sortino Ratio | 0.1911 | |||
| Treynor Ratio | (2.79) |
Suzhou Mingzhi Technology Backtested Returns
Suzhou Mingzhi appears to be somewhat reliable, given 3 months investment horizon. Suzhou Mingzhi Technology 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. By inspecting Suzhou Mingzhi's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please review Suzhou Mingzhi's Semi Deviation of 2.69, risk adjusted performance of 0.153, and Coefficient Of Variation of 527.47 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Suzhou Mingzhi holds a performance score of 17. The entity has a beta of -0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Suzhou Mingzhi are expected to decrease at a much lower rate. During the bear market, Suzhou Mingzhi is likely to outperform the market. Please check Suzhou Mingzhi's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Suzhou Mingzhi's existing price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Suzhou Mingzhi Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Suzhou Mingzhi 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 Suzhou Mingzhi Technology price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Suzhou Mingzhi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
Suzhou Mingzhi Technology lagged returns against current returns
Autocorrelation, which is Suzhou Mingzhi 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 Suzhou Mingzhi's stock expected returns. We can calculate the autocorrelation of Suzhou Mingzhi returns to help us make a trade decision. For example, suppose you find that Suzhou Mingzhi 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 |
Suzhou Mingzhi 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 Suzhou Mingzhi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suzhou Mingzhi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suzhou Mingzhi stock over time.
Current vs Lagged Prices |
| Timeline |
Suzhou Mingzhi Lagged Returns
When evaluating Suzhou Mingzhi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suzhou Mingzhi stock have on its future price. Suzhou Mingzhi 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, Suzhou Mingzhi autocorrelation shows the relationship between Suzhou Mingzhi stock current value and its past values and can show if there is a momentum factor associated with investing in Suzhou Mingzhi Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Suzhou Stock
Suzhou Mingzhi financial ratios help investors to determine whether Suzhou 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 Suzhou with respect to the benefits of owning Suzhou Mingzhi security.