Shandong Molong Petroleum Stock Market Value
| SHANF Stock | USD 0.23 0.00 0.00% |
| Symbol | Shandong |
Shandong Molong '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 Shandong Molong'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 Shandong Molong.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Shandong Molong on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Shandong Molong Petroleum or generate 0.0% return on investment in Shandong Molong over 720 days. Shandong Molong is related to or competes with AerCap Holdings, Delek Drilling, Drilling Tools, Vestis, Nabors Industries, Custom Truck, and Fortress Transp. Shandong Molong Petroleum Machinery Company Limited engages in the design, research and development, production, and sal... More
Shandong Molong 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 Shandong Molong'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 Shandong Molong Petroleum upside and downside potential and time the market with a certain degree of confidence.
Shandong Molong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Molong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Molong's standard deviation. In reality, there are many statistical measures that can use Shandong Molong historical prices to predict the future Shandong Molong's volatility.Shandong Molong Petroleum Backtested Returns
We have found three technical indicators for Shandong Molong Petroleum, 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 Shandong Molong are completely uncorrelated.
Auto-correlation | 0.12 |
Insignificant predictability
Shandong Molong Petroleum has insignificant predictability. Overlapping area represents the amount of predictability between Shandong Molong time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Shandong Molong Petroleum price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Shandong Molong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shandong Molong Petroleum lagged returns against current returns
Autocorrelation, which is Shandong Molong 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 Shandong Molong's pink sheet expected returns. We can calculate the autocorrelation of Shandong Molong returns to help us make a trade decision. For example, suppose you find that Shandong Molong 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 |
Shandong Molong 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 Shandong Molong pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Molong pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Molong pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Shandong Molong Lagged Returns
When evaluating Shandong Molong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Molong pink sheet have on its future price. Shandong Molong 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, Shandong Molong autocorrelation shows the relationship between Shandong Molong pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Shandong Molong Petroleum.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shandong Pink Sheet
Shandong Molong financial ratios help investors to determine whether Shandong Pink Sheet 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 Shandong with respect to the benefits of owning Shandong Molong security.