Shenguan Holdings Group Stock Market Value
| SHGXY Stock | USD 0.87 0.00 0.00% |
| Symbol | Shenguan |
Shenguan Holdings '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 Shenguan Holdings' 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 Shenguan Holdings.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Shenguan Holdings on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Shenguan Holdings Group or generate 0.0% return on investment in Shenguan Holdings over 30 days. Shenguan Holdings is related to or competes with Artisan Consumer, A2 Milk, and General Mills. Shenguan Holdings Limited, an investment holding company, manufactures and sells edible collagen sausage casing products... More
Shenguan Holdings 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 Shenguan Holdings' 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 Shenguan Holdings Group upside and downside potential and time the market with a certain degree of confidence.
Shenguan Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenguan Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenguan Holdings' standard deviation. In reality, there are many statistical measures that can use Shenguan Holdings historical prices to predict the future Shenguan Holdings' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Shenguan Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Shenguan Holdings Backtested Returns
We have found three technical indicators for Shenguan Holdings Group, 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 Shenguan Holdings are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Shenguan Holdings Group has perfect predictability. Overlapping area represents the amount of predictability between Shenguan Holdings time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Shenguan Holdings price movement. The serial correlation of 1.0 indicates that 100.0% of current Shenguan Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shenguan Holdings lagged returns against current returns
Autocorrelation, which is Shenguan Holdings 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 Shenguan Holdings' pink sheet expected returns. We can calculate the autocorrelation of Shenguan Holdings returns to help us make a trade decision. For example, suppose you find that Shenguan Holdings 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 |
Shenguan Holdings 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 Shenguan Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenguan Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenguan Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Shenguan Holdings Lagged Returns
When evaluating Shenguan Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenguan Holdings pink sheet have on its future price. Shenguan Holdings 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, Shenguan Holdings autocorrelation shows the relationship between Shenguan Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Shenguan Holdings Group.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Shenguan Pink Sheet Analysis
When running Shenguan Holdings' price analysis, check to measure Shenguan Holdings' 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 Shenguan Holdings is operating at the current time. Most of Shenguan Holdings' value examination focuses on studying past and present price action to predict the probability of Shenguan Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shenguan Holdings' price. Additionally, you may evaluate how the addition of Shenguan Holdings to your portfolios can decrease your overall portfolio volatility.