Shanghai Bailian (China) Market Value
| 900923 Stock | 0.68 0.01 1.49% |
| Symbol | Shanghai |
Shanghai Bailian '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 Bailian'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 Bailian.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Shanghai Bailian on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Bailian Group or generate 0.0% return on investment in Shanghai Bailian over 60 days. Shanghai Bailian is related to or competes with Jinhe Biotechnology, Changchun BCHT, Bomesc Offshore, Healthcare, Meinian Onehealth, and Hangzhou Coco. Shanghai Bailian is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Bailian 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 Bailian'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 Bailian Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.29 | |||
| Information Ratio | 0.192 | |||
| Maximum Drawdown | 16.3 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 5.97 |
Shanghai Bailian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Bailian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Bailian's standard deviation. In reality, there are many statistical measures that can use Shanghai Bailian historical prices to predict the future Shanghai Bailian's volatility.| Risk Adjusted Performance | 0.1864 | |||
| Jensen Alpha | 0.8063 | |||
| Total Risk Alpha | 0.2407 | |||
| Sortino Ratio | 0.1764 | |||
| Treynor Ratio | (0.73) |
Shanghai Bailian Backtested Returns
Shanghai Bailian appears to be abnormally volatile, given 3 months investment horizon. Shanghai Bailian owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of risk over the last 3 months. By inspecting Shanghai Bailian's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please review Shanghai Bailian's Risk Adjusted Performance of 0.1864, semi deviation of 1.6, and Coefficient Of Variation of 428.19 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Bailian holds a performance score of 20. The entity has a beta of -0.96, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Shanghai Bailian are expected to decrease slowly. On the other hand, during market turmoil, Shanghai Bailian is expected to outperform it slightly. Please check Shanghai Bailian's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Bailian's existing price patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Shanghai Bailian Group has good reverse predictability. Overlapping area represents the amount of predictability between Shanghai Bailian time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Shanghai Bailian price movement. The serial correlation of -0.52 indicates that about 52.0% of current Shanghai Bailian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shanghai Bailian lagged returns against current returns
Autocorrelation, which is Shanghai Bailian 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 Bailian's stock expected returns. We can calculate the autocorrelation of Shanghai Bailian returns to help us make a trade decision. For example, suppose you find that Shanghai Bailian 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 Bailian 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 Bailian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Bailian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Bailian stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Bailian Lagged Returns
When evaluating Shanghai Bailian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Bailian stock have on its future price. Shanghai Bailian 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 Bailian autocorrelation shows the relationship between Shanghai Bailian stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Bailian Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Bailian 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 Bailian security.