Shanghai Huayi (China) Market Value
| 900909 Stock | 0.56 0.01 1.82% |
| Symbol | Shanghai |
Shanghai Huayi '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 Huayi'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 Huayi.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Shanghai Huayi on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Huayi Group or generate 0.0% return on investment in Shanghai Huayi over 30 days. Shanghai Huayi is related to or competes with Rising Nonferrous, Shanghai Yanpu, Jiangsu GDK, Wuhan Hvsen, Tongling Nonferrous, Zhangjiagang Freetrade, and Guangdong Brandmax. Shanghai Huayi is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Huayi 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 Huayi'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 Huayi Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.1183 | |||
| Maximum Drawdown | 11.97 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 3.77 |
Shanghai Huayi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Huayi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Huayi's standard deviation. In reality, there are many statistical measures that can use Shanghai Huayi historical prices to predict the future Shanghai Huayi's volatility.| Risk Adjusted Performance | 0.1392 | |||
| Jensen Alpha | 0.4007 | |||
| Total Risk Alpha | 0.044 | |||
| Sortino Ratio | 0.1164 | |||
| Treynor Ratio | (2.15) |
Shanghai Huayi Group Backtested Returns
Shanghai Huayi appears to be extremely dangerous, given 3 months investment horizon. Shanghai Huayi Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Shanghai Huayi Group, which you can use to evaluate the volatility of the company. Please review Shanghai Huayi's Coefficient Of Variation of 576.14, risk adjusted performance of 0.1392, and Semi Deviation of 1.13 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Huayi holds a performance score of 16. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanghai Huayi are expected to decrease at a much lower rate. During the bear market, Shanghai Huayi is likely to outperform the market. Please check Shanghai Huayi's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Huayi's existing price patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Shanghai Huayi Group has poor reverse predictability. Overlapping area represents the amount of predictability between Shanghai Huayi time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Huayi Group price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Shanghai Huayi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shanghai Huayi Group lagged returns against current returns
Autocorrelation, which is Shanghai Huayi 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 Huayi's stock expected returns. We can calculate the autocorrelation of Shanghai Huayi returns to help us make a trade decision. For example, suppose you find that Shanghai Huayi 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 Huayi 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 Huayi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Huayi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Huayi stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Huayi Lagged Returns
When evaluating Shanghai Huayi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Huayi stock have on its future price. Shanghai Huayi 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 Huayi autocorrelation shows the relationship between Shanghai Huayi stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Huayi Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Huayi 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 Huayi security.