Sino Biopharmaceutical Ltd Stock Market Value
| SBHMY Stock | USD 9.05 0.00 0.00% |
| Symbol | Sino |
Sino Biopharmaceutica '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 Sino Biopharmaceutica's pink sheet 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 Sino Biopharmaceutica.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Sino Biopharmaceutica on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Sino Biopharmaceutical Ltd or generate 0.0% return on investment in Sino Biopharmaceutica over 90 days. Sino Biopharmaceutical Limited, an investment holding company, operates as a research and development pharmaceutical con... More
Sino Biopharmaceutica 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 Sino Biopharmaceutica's pink sheet 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 Sino Biopharmaceutical Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0847 | |||
| Maximum Drawdown | 25.86 |
Sino Biopharmaceutica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sino Biopharmaceutica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sino Biopharmaceutica's standard deviation. In reality, there are many statistical measures that can use Sino Biopharmaceutica historical prices to predict the future Sino Biopharmaceutica's volatility.| Risk Adjusted Performance | 0.1073 | |||
| Jensen Alpha | 0.4097 | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.93) |
Sino Biopharmaceutical Backtested Returns
Sino Biopharmaceutica appears to be somewhat reliable, given 3 months investment horizon. Sino Biopharmaceutical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0897, which indicates the firm had a 0.0897% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Sino Biopharmaceutical Ltd, which you can use to evaluate the volatility of the company. Please review Sino Biopharmaceutica's Variance of 8.17, coefficient of variation of 766.78, and Risk Adjusted Performance of 0.1073 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sino Biopharmaceutica holds a performance score of 7. The entity has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sino Biopharmaceutica are expected to decrease at a much lower rate. During the bear market, Sino Biopharmaceutica is likely to outperform the market. Please check Sino Biopharmaceutica's jensen alpha and day typical price , to make a quick decision on whether Sino Biopharmaceutica's existing price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Sino Biopharmaceutical Ltd has modest predictability. Overlapping area represents the amount of predictability between Sino Biopharmaceutica time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Sino Biopharmaceutical price movement. The serial correlation of 0.5 indicates that about 50.0% of current Sino Biopharmaceutica price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Sino Biopharmaceutical lagged returns against current returns
Autocorrelation, which is Sino Biopharmaceutica pink sheet'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 Sino Biopharmaceutica's pink sheet expected returns. We can calculate the autocorrelation of Sino Biopharmaceutica returns to help us make a trade decision. For example, suppose you find that Sino Biopharmaceutica has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Sino Biopharmaceutica 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 Sino Biopharmaceutica pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sino Biopharmaceutica pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sino Biopharmaceutica pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sino Biopharmaceutica Lagged Returns
When evaluating Sino Biopharmaceutica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sino Biopharmaceutica pink sheet have on its future price. Sino Biopharmaceutica 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, Sino Biopharmaceutica autocorrelation shows the relationship between Sino Biopharmaceutica pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sino Biopharmaceutical Ltd.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Sino Pink Sheet Analysis
When running Sino Biopharmaceutica's price analysis, check to measure Sino Biopharmaceutica'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 Sino Biopharmaceutica is operating at the current time. Most of Sino Biopharmaceutica's value examination focuses on studying past and present price action to predict the probability of Sino Biopharmaceutica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sino Biopharmaceutica's price. Additionally, you may evaluate how the addition of Sino Biopharmaceutica to your portfolios can decrease your overall portfolio volatility.