Semiconductor Manufacturing (China) Market Value
| 688469 Stock | 5.36 0.08 1.52% |
| Symbol | Semiconductor |
Semiconductor Manufacturing '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 Semiconductor Manufacturing'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 Semiconductor Manufacturing.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Semiconductor Manufacturing on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Semiconductor Manufacturing Electronics or generate 0.0% return on investment in Semiconductor Manufacturing over 60 days. Semiconductor Manufacturing is related to or competes with China State, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Semiconductor Manufacturing is entity of China More
Semiconductor Manufacturing 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 Semiconductor Manufacturing'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 Semiconductor Manufacturing Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.28 | |||
| Information Ratio | 0.1239 | |||
| Maximum Drawdown | 28.4 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 6.56 |
Semiconductor Manufacturing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Semiconductor Manufacturing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Semiconductor Manufacturing's standard deviation. In reality, there are many statistical measures that can use Semiconductor Manufacturing historical prices to predict the future Semiconductor Manufacturing's volatility.| Risk Adjusted Performance | 0.1279 | |||
| Jensen Alpha | 0.613 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1494 | |||
| Treynor Ratio | (37.72) |
Semiconductor Manufacturing Backtested Returns
Semiconductor Manufacturing appears to be unstable, given 3 months investment horizon. Semiconductor Manufacturing owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Semiconductor Manufacturing's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please review Semiconductor Manufacturing's Coefficient Of Variation of 637.81, semi deviation of 2.55, and Risk Adjusted Performance of 0.1279 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Semiconductor Manufacturing holds a performance score of 14. The entity has a beta of -0.0162, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Semiconductor Manufacturing are expected to decrease at a much lower rate. During the bear market, Semiconductor Manufacturing is likely to outperform the market. Please check Semiconductor Manufacturing's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Semiconductor Manufacturing's existing price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Semiconductor Manufacturing Electronics has modest predictability. Overlapping area represents the amount of predictability between Semiconductor Manufacturing time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Semiconductor Manufacturing price movement. The serial correlation of 0.5 indicates that about 50.0% of current Semiconductor Manufacturing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Semiconductor Manufacturing lagged returns against current returns
Autocorrelation, which is Semiconductor Manufacturing 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 Semiconductor Manufacturing's stock expected returns. We can calculate the autocorrelation of Semiconductor Manufacturing returns to help us make a trade decision. For example, suppose you find that Semiconductor Manufacturing 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 |
Semiconductor Manufacturing 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 Semiconductor Manufacturing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Semiconductor Manufacturing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Semiconductor Manufacturing stock over time.
Current vs Lagged Prices |
| Timeline |
Semiconductor Manufacturing Lagged Returns
When evaluating Semiconductor Manufacturing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Semiconductor Manufacturing stock have on its future price. Semiconductor Manufacturing 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, Semiconductor Manufacturing autocorrelation shows the relationship between Semiconductor Manufacturing stock current value and its past values and can show if there is a momentum factor associated with investing in Semiconductor Manufacturing Electronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Semiconductor Stock
Semiconductor Manufacturing financial ratios help investors to determine whether Semiconductor 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 Semiconductor with respect to the benefits of owning Semiconductor Manufacturing security.