Suzhou UIGreen (China) Market Value
| 688661 Stock | 34.76 0.14 0.40% |
| Symbol | Suzhou |
Suzhou UIGreen '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 UIGreen'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 UIGreen.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Suzhou UIGreen on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Suzhou UIGreen Micro or generate 0.0% return on investment in Suzhou UIGreen over 180 days. Suzhou UIGreen is related to or competes with Easyhome New, Shanghai Metersbonwe, UE Furniture, Semiconductor Manufacturing, Xilinmen Furniture, Qumei Furniture, and Integrated Electronic. Suzhou UIGreen is entity of China. It is traded as Stock on SHG exchange. More
Suzhou UIGreen 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 UIGreen'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 UIGreen Micro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.84 | |||
| Information Ratio | 0.1169 | |||
| Maximum Drawdown | 28.04 | |||
| Value At Risk | (6.10) | |||
| Potential Upside | 9.0 |
Suzhou UIGreen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suzhou UIGreen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suzhou UIGreen's standard deviation. In reality, there are many statistical measures that can use Suzhou UIGreen historical prices to predict the future Suzhou UIGreen's volatility.| Risk Adjusted Performance | 0.114 | |||
| Jensen Alpha | 0.7553 | |||
| Total Risk Alpha | 0.0048 | |||
| Sortino Ratio | 0.1614 | |||
| Treynor Ratio | (2.34) |
Suzhou UIGreen Micro Backtested Returns
Suzhou UIGreen appears to be somewhat reliable, given 3 months investment horizon. Suzhou UIGreen Micro owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. By inspecting Suzhou UIGreen's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please review Suzhou UIGreen's Semi Deviation of 3.51, coefficient of variation of 723.5, and Risk Adjusted Performance of 0.114 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Suzhou UIGreen holds a performance score of 12. The entity has a beta of -0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Suzhou UIGreen are expected to decrease at a much lower rate. During the bear market, Suzhou UIGreen is likely to outperform the market. Please check Suzhou UIGreen's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Suzhou UIGreen's existing price patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Suzhou UIGreen Micro has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Suzhou UIGreen time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Suzhou UIGreen Micro price movement. The serial correlation of -0.78 indicates that around 78.0% of current Suzhou UIGreen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 45.11 |
Suzhou UIGreen Micro lagged returns against current returns
Autocorrelation, which is Suzhou UIGreen 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 UIGreen's stock expected returns. We can calculate the autocorrelation of Suzhou UIGreen returns to help us make a trade decision. For example, suppose you find that Suzhou UIGreen 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 UIGreen 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 UIGreen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suzhou UIGreen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suzhou UIGreen stock over time.
Current vs Lagged Prices |
| Timeline |
Suzhou UIGreen Lagged Returns
When evaluating Suzhou UIGreen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suzhou UIGreen stock have on its future price. Suzhou UIGreen 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 UIGreen autocorrelation shows the relationship between Suzhou UIGreen stock current value and its past values and can show if there is a momentum factor associated with investing in Suzhou UIGreen Micro.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Suzhou Stock
Suzhou UIGreen 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 UIGreen security.