Shin-Etsu Chemical (Germany) Market Value
| SEH Stock | EUR 34.48 0.24 0.70% |
| Symbol | Shin-Etsu |
Shin-Etsu Chemical '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 Shin-Etsu Chemical'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 Shin-Etsu Chemical.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Shin-Etsu Chemical on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Shin Etsu Chemical Co or generate 0.0% return on investment in Shin-Etsu Chemical over 180 days. Shin-Etsu Chemical is related to or competes with AIR LIQUIDE, BASF SE, and BASF SE. Shin-Etsu Chemical Co., Ltd. manufactures and sells polyvinyl chloride , semiconductor devices, silicones, and rare eart... More
Shin-Etsu Chemical 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 Shin-Etsu Chemical'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 Shin Etsu Chemical Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.63 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 2.38 |
Shin-Etsu Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shin-Etsu Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shin-Etsu Chemical's standard deviation. In reality, there are many statistical measures that can use Shin-Etsu Chemical historical prices to predict the future Shin-Etsu Chemical's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.29) |
Shin Etsu Chemical Backtested Returns
Shin Etsu Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Shin Etsu Chemical Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shin-Etsu Chemical's Variance of 3.3, risk adjusted performance of (0.08), and Coefficient Of Variation of (910.69) to confirm the risk estimate we provide. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shin-Etsu Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shin-Etsu Chemical is expected to be smaller as well. At this point, Shin Etsu Chemical has a negative expected return of -0.19%. Please make sure to validate Shin-Etsu Chemical's total risk alpha, skewness, day median price, as well as the relationship between the maximum drawdown and daily balance of power , to decide if Shin Etsu Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Shin Etsu Chemical Co has modest reverse predictability. Overlapping area represents the amount of predictability between Shin-Etsu Chemical time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Shin Etsu Chemical price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Shin-Etsu Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 2.07 |
Shin Etsu Chemical lagged returns against current returns
Autocorrelation, which is Shin-Etsu Chemical 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 Shin-Etsu Chemical's stock expected returns. We can calculate the autocorrelation of Shin-Etsu Chemical returns to help us make a trade decision. For example, suppose you find that Shin-Etsu Chemical 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 |
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Shin-Etsu Chemical 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 Shin-Etsu Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shin-Etsu Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shin-Etsu Chemical stock over time.
Current vs Lagged Prices |
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Shin-Etsu Chemical Lagged Returns
When evaluating Shin-Etsu Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shin-Etsu Chemical stock have on its future price. Shin-Etsu Chemical 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, Shin-Etsu Chemical autocorrelation shows the relationship between Shin-Etsu Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Shin Etsu Chemical Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shin-Etsu Stock
Shin-Etsu Chemical financial ratios help investors to determine whether Shin-Etsu 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 Shin-Etsu with respect to the benefits of owning Shin-Etsu Chemical security.