Sinocelltech (China) Market Value
| 688520 Stock | 39.00 0.62 1.62% |
| Symbol | Sinocelltech |
Sinocelltech '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 Sinocelltech'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 Sinocelltech.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Sinocelltech on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Sinocelltech Group or generate 0.0% return on investment in Sinocelltech over 270 days. Sinocelltech is related to or competes with PetroChina, China Mobile, CNOOC, Ping An, China Petroleum, China Telecom, and China State. Sinocelltech is entity of China. It is traded as Stock on SHG exchange. More
Sinocelltech 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 Sinocelltech'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 Sinocelltech Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.65 | |||
| Information Ratio | 0.0104 | |||
| Maximum Drawdown | 23.24 | |||
| Value At Risk | (6.82) | |||
| Potential Upside | 5.73 |
Sinocelltech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinocelltech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinocelltech's standard deviation. In reality, there are many statistical measures that can use Sinocelltech historical prices to predict the future Sinocelltech's volatility.| Risk Adjusted Performance | 0.042 | |||
| Jensen Alpha | 0.1707 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.0115 | |||
| Treynor Ratio | (24.25) |
Sinocelltech Group Backtested Returns
Sinocelltech appears to be not too volatile, given 3 months investment horizon. Sinocelltech Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0922, which indicates the firm had a 0.0922% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sinocelltech Group, which you can use to evaluate the volatility of the company. Please review Sinocelltech's Coefficient Of Variation of 2256.49, semi deviation of 3.57, and Risk Adjusted Performance of 0.042 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinocelltech holds a performance score of 7. The entity has a beta of -0.007, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sinocelltech are expected to decrease at a much lower rate. During the bear market, Sinocelltech is likely to outperform the market. Please check Sinocelltech's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sinocelltech's existing price patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Sinocelltech Group has poor reverse predictability. Overlapping area represents the amount of predictability between Sinocelltech time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Sinocelltech Group price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Sinocelltech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 10.29 |
Sinocelltech Group lagged returns against current returns
Autocorrelation, which is Sinocelltech 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 Sinocelltech's stock expected returns. We can calculate the autocorrelation of Sinocelltech returns to help us make a trade decision. For example, suppose you find that Sinocelltech 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 |
Sinocelltech 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 Sinocelltech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinocelltech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinocelltech stock over time.
Current vs Lagged Prices |
| Timeline |
Sinocelltech Lagged Returns
When evaluating Sinocelltech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinocelltech stock have on its future price. Sinocelltech 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, Sinocelltech autocorrelation shows the relationship between Sinocelltech stock current value and its past values and can show if there is a momentum factor associated with investing in Sinocelltech Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sinocelltech Stock
Sinocelltech financial ratios help investors to determine whether Sinocelltech 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 Sinocelltech with respect to the benefits of owning Sinocelltech security.