Sunshine Agri Tech Stock Market Value
| SAI-H Stock | CAD 0.01 0.00 0.00% |
| Symbol | Sunshine |
Sunshine Agri '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 Sunshine Agri'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 Sunshine Agri.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Sunshine Agri on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Sunshine Agri Tech or generate 0.0% return on investment in Sunshine Agri over 690 days. Sunshine Agri is related to or competes with CVW CleanTech, Westshore Terminals, Maple Leaf, Exco Technologies, MTY Food, and Firan Technology. Sunshine Agri-Tech Inc. manufactures, processes, packages, and distributes livestock bio-feed products in China More
Sunshine Agri 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 Sunshine Agri'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 Sunshine Agri Tech upside and downside potential and time the market with a certain degree of confidence.
Sunshine Agri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunshine Agri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunshine Agri's standard deviation. In reality, there are many statistical measures that can use Sunshine Agri historical prices to predict the future Sunshine Agri's volatility.Sunshine Agri Tech Backtested Returns
We have found three technical indicators for Sunshine Agri Tech, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Sunshine Agri are completely uncorrelated.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Sunshine Agri Tech has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sunshine Agri time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Sunshine Agri Tech price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Sunshine Agri price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sunshine Agri Tech lagged returns against current returns
Autocorrelation, which is Sunshine Agri 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 Sunshine Agri's stock expected returns. We can calculate the autocorrelation of Sunshine Agri returns to help us make a trade decision. For example, suppose you find that Sunshine Agri 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 |
Sunshine Agri 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 Sunshine Agri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunshine Agri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunshine Agri stock over time.
Current vs Lagged Prices |
| Timeline |
Sunshine Agri Lagged Returns
When evaluating Sunshine Agri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunshine Agri stock have on its future price. Sunshine Agri 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, Sunshine Agri autocorrelation shows the relationship between Sunshine Agri stock current value and its past values and can show if there is a momentum factor associated with investing in Sunshine Agri Tech.
Regressed Prices |
| Timeline |
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Additional Tools for Sunshine Stock Analysis
When running Sunshine Agri's price analysis, check to measure Sunshine Agri's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sunshine Agri is operating at the current time. Most of Sunshine Agri's value examination focuses on studying past and present price action to predict the probability of Sunshine Agri's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunshine Agri's price. Additionally, you may evaluate how the addition of Sunshine Agri to your portfolios can decrease your overall portfolio volatility.