Shionogi (Germany) Market Value
| SH0 Stock | EUR 12.10 0.30 2.42% |
| Symbol | Shionogi |
Shionogi '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 Shionogi'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 Shionogi.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Shionogi on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Shionogi Co or generate 0.0% return on investment in Shionogi over 360 days. Shionogi is related to or competes with Ipsen SA, Dr Reddys, Superior Plus, NMI Holdings, Origin Agritech, and SIVERS SEMICONDUCTORS. Shionogi Co., Ltd. engages in the research, development, manufacture, and distribution of pharmaceuticals, diagnostic re... More
Shionogi 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 Shionogi'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 Shionogi Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 26.16 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 2.99 |
Shionogi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shionogi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shionogi's standard deviation. In reality, there are many statistical measures that can use Shionogi historical prices to predict the future Shionogi's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.4152 |
Shionogi Backtested Returns
Shionogi owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0337, which indicates the firm had a -0.0337% return per unit of risk over the last 3 months. Shionogi Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shionogi's Risk Adjusted Performance of (0.02), coefficient of variation of (2,394), and Variance of 9.08 to confirm the risk estimate we provide. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shionogi are expected to decrease at a much lower rate. During the bear market, Shionogi is likely to outperform the market. At this point, Shionogi has a negative expected return of -0.1%. Please make sure to validate Shionogi's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Shionogi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Shionogi Co has average predictability. Overlapping area represents the amount of predictability between Shionogi time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Shionogi price movement. The serial correlation of 0.49 indicates that about 49.0% of current Shionogi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Shionogi lagged returns against current returns
Autocorrelation, which is Shionogi 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 Shionogi's stock expected returns. We can calculate the autocorrelation of Shionogi returns to help us make a trade decision. For example, suppose you find that Shionogi 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 |
Shionogi 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 Shionogi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shionogi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shionogi stock over time.
Current vs Lagged Prices |
| Timeline |
Shionogi Lagged Returns
When evaluating Shionogi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shionogi stock have on its future price. Shionogi 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, Shionogi autocorrelation shows the relationship between Shionogi stock current value and its past values and can show if there is a momentum factor associated with investing in Shionogi Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shionogi Stock
Shionogi financial ratios help investors to determine whether Shionogi 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 Shionogi with respect to the benefits of owning Shionogi security.