Shanghai Suochen (China) Market Value
| 688507 Stock | 61.68 1.00 1.65% |
| Symbol | Shanghai |
Shanghai Suochen '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 Suochen'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 Suochen.
| 10/02/2023 |
| 12/25/2024 |
If you would invest 0.00 in Shanghai Suochen on October 2, 2023 and sell it all today you would earn a total of 0.00 from holding Shanghai Suochen Information or generate 0.0% return on investment in Shanghai Suochen over 450 days. Shanghai Suochen is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Shanghai Suochen is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Suochen 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 Suochen'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 Suochen Information upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.07 | |||
| Information Ratio | 0.1174 | |||
| Maximum Drawdown | 27.82 | |||
| Value At Risk | (7.13) | |||
| Potential Upside | 12.43 |
Shanghai Suochen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Suochen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Suochen's standard deviation. In reality, there are many statistical measures that can use Shanghai Suochen historical prices to predict the future Shanghai Suochen's volatility.| Risk Adjusted Performance | 0.1089 | |||
| Jensen Alpha | 0.6215 | |||
| Total Risk Alpha | 0.4433 | |||
| Sortino Ratio | 0.1594 | |||
| Treynor Ratio | 0.3832 |
Shanghai Suochen Inf Backtested Returns
Shanghai Suochen appears to be very steady, given 3 months investment horizon. Shanghai Suochen Inf owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. By inspecting Shanghai Suochen's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please review Shanghai Suochen's Risk Adjusted Performance of 0.1089, coefficient of variation of 796.96, and Semi Deviation of 3.69 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Suochen holds a performance score of 8. The entity has a beta of 1.78, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Shanghai Suochen will likely underperform. Please check Shanghai Suochen's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Suochen's existing price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Shanghai Suochen Information has good reverse predictability. Overlapping area represents the amount of predictability between Shanghai Suochen time series from 2nd of October 2023 to 14th of May 2024 and 14th of May 2024 to 25th 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 Shanghai Suochen Inf price movement. The serial correlation of -0.53 indicates that about 53.0% of current Shanghai Suochen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 102.28 |
Shanghai Suochen Inf lagged returns against current returns
Autocorrelation, which is Shanghai Suochen 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 Suochen's stock expected returns. We can calculate the autocorrelation of Shanghai Suochen returns to help us make a trade decision. For example, suppose you find that Shanghai Suochen 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 Suochen 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 Suochen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Suochen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Suochen stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Suochen Lagged Returns
When evaluating Shanghai Suochen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Suochen stock have on its future price. Shanghai Suochen 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 Suochen autocorrelation shows the relationship between Shanghai Suochen stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Suochen Information.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Suochen 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 Suochen security.