Sinopec Kantons (Germany) Market Value
| SAK Stock | EUR 0.54 0.01 1.89% |
| Symbol | Sinopec |
Sinopec Kantons '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 Sinopec Kantons' 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 Sinopec Kantons.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Sinopec Kantons on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Sinopec Kantons Holdings or generate 0.0% return on investment in Sinopec Kantons over 30 days. Sinopec Kantons is related to or competes with Fukuyama Transporting, Salesforce, SALESFORCE INC, Carsales, PARKEN Sport, SCIENCE IN, and BE Semiconductor. Sinopec Kantons Holdings Limited, an investment holding company, engages in petrochemical storage and logistics business... More
Sinopec Kantons 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 Sinopec Kantons' 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 Sinopec Kantons Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.22 | |||
| Information Ratio | 0.0454 | |||
| Maximum Drawdown | 25.33 | |||
| Value At Risk | (6.78) | |||
| Potential Upside | 7.84 |
Sinopec Kantons Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinopec Kantons' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinopec Kantons' standard deviation. In reality, there are many statistical measures that can use Sinopec Kantons historical prices to predict the future Sinopec Kantons' volatility.| Risk Adjusted Performance | 0.0612 | |||
| Jensen Alpha | 0.2424 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0353 | |||
| Treynor Ratio | 0.6636 |
Sinopec Kantons Holdings Backtested Returns
Sinopec Kantons appears to be out of control, given 3 months investment horizon. Sinopec Kantons Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0813, which indicates the firm had a 0.0813% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sinopec Kantons Holdings, which you can use to evaluate the volatility of the company. Please review Sinopec Kantons' Coefficient Of Variation of 1371.21, semi deviation of 3.46, and Risk Adjusted Performance of 0.0612 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinopec Kantons holds a performance score of 6. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sinopec Kantons' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sinopec Kantons is expected to be smaller as well. Please check Sinopec Kantons' potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Sinopec Kantons' existing price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Sinopec Kantons Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Sinopec Kantons time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Sinopec Kantons Holdings price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Sinopec Kantons price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sinopec Kantons Holdings lagged returns against current returns
Autocorrelation, which is Sinopec Kantons 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 Sinopec Kantons' stock expected returns. We can calculate the autocorrelation of Sinopec Kantons returns to help us make a trade decision. For example, suppose you find that Sinopec Kantons 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 |
Sinopec Kantons 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 Sinopec Kantons stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinopec Kantons stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinopec Kantons stock over time.
Current vs Lagged Prices |
| Timeline |
Sinopec Kantons Lagged Returns
When evaluating Sinopec Kantons' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinopec Kantons stock have on its future price. Sinopec Kantons 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, Sinopec Kantons autocorrelation shows the relationship between Sinopec Kantons stock current value and its past values and can show if there is a momentum factor associated with investing in Sinopec Kantons Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sinopec Stock
Sinopec Kantons financial ratios help investors to determine whether Sinopec 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 Sinopec with respect to the benefits of owning Sinopec Kantons security.