Shanghai Baosight (China) Market Value
| 900926 Stock | 1.67 0.01 0.60% |
| Symbol | Shanghai |
Shanghai Baosight '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 Baosight'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 Baosight.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Shanghai Baosight on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Baosight Software or generate 0.0% return on investment in Shanghai Baosight over 30 days. Shanghai Baosight is related to or competes with Anji Foodstuff, Guocheng Mining, Western Mining, HaiXin Foods, Tibet Huayu, Chongqing Brewery, and Guangdong Wens. Shanghai Baosight is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Baosight 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 Baosight'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 Baosight Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.8 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 3.92 |
Shanghai Baosight Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Baosight's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Baosight's standard deviation. In reality, there are many statistical measures that can use Shanghai Baosight historical prices to predict the future Shanghai Baosight's volatility.| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | 0.08 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.7 |
Shanghai Baosight Backtested Returns
Shanghai Baosight appears to be very risky, given 3 months investment horizon. Shanghai Baosight owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0854, which indicates the firm had a 0.0854% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shanghai Baosight Software, which you can use to evaluate the volatility of the company. Please review Shanghai Baosight's Semi Deviation of 2.16, risk adjusted performance of 0.0362, and Coefficient Of Variation of 2620.06 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Baosight holds a performance score of 6. The entity has a beta of 0.0506, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanghai Baosight's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Baosight is expected to be smaller as well. Please check Shanghai Baosight'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 Baosight's existing price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
Shanghai Baosight Software has modest predictability. Overlapping area represents the amount of predictability between Shanghai Baosight time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Baosight price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Shanghai Baosight price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shanghai Baosight lagged returns against current returns
Autocorrelation, which is Shanghai Baosight 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 Baosight's stock expected returns. We can calculate the autocorrelation of Shanghai Baosight returns to help us make a trade decision. For example, suppose you find that Shanghai Baosight 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 Baosight 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 Baosight stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Baosight stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Baosight stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Baosight Lagged Returns
When evaluating Shanghai Baosight's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Baosight stock have on its future price. Shanghai Baosight 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 Baosight autocorrelation shows the relationship between Shanghai Baosight stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Baosight Software.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Baosight 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 Baosight security.