SHIMANO INC (Germany) Market Value
| SHM1 Stock | EUR 12.80 0.10 0.79% |
| Symbol | SHIMANO |
SHIMANO INC '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 SHIMANO INC'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 SHIMANO INC.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in SHIMANO INC on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding SHIMANO INC UNSPADR10 or generate 0.0% return on investment in SHIMANO INC over 720 days. SHIMANO INC is related to or competes with Li Ning, Trip Group, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and NorAm Drilling. Shimano Inc. develops, produces, and distributes bicycle components, fishing tackles, and rowing equipment More
SHIMANO INC 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 SHIMANO INC'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 SHIMANO INC UNSPADR10 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 15.53 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 3.97 |
SHIMANO INC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SHIMANO INC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SHIMANO INC's standard deviation. In reality, there are many statistical measures that can use SHIMANO INC historical prices to predict the future SHIMANO INC's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (1.95) |
SHIMANO INC UNSPADR10 Backtested Returns
SHIMANO INC UNSPADR10 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of volatility over the last 3 months. SHIMANO INC UNSPADR10 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SHIMANO INC's risk adjusted performance of (0.09), and Variance of 7.51 to confirm the risk estimate we provide. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SHIMANO INC's returns are expected to increase less than the market. However, during the bear market, the loss of holding SHIMANO INC is expected to be smaller as well. At this point, SHIMANO INC UNSPADR10 has a negative expected return of -0.29%. Please make sure to validate SHIMANO INC's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if SHIMANO INC UNSPADR10 performance from the past will be repeated at future time.
Auto-correlation | -0.51 |
Good reverse predictability
SHIMANO INC UNSPADR10 has good reverse predictability. Overlapping area represents the amount of predictability between SHIMANO INC time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 SHIMANO INC UNSPADR10 price movement. The serial correlation of -0.51 indicates that about 51.0% of current SHIMANO INC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.66 |
SHIMANO INC UNSPADR10 lagged returns against current returns
Autocorrelation, which is SHIMANO INC 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 SHIMANO INC's stock expected returns. We can calculate the autocorrelation of SHIMANO INC returns to help us make a trade decision. For example, suppose you find that SHIMANO INC 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 |
SHIMANO INC 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 SHIMANO INC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SHIMANO INC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SHIMANO INC stock over time.
Current vs Lagged Prices |
| Timeline |
SHIMANO INC Lagged Returns
When evaluating SHIMANO INC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SHIMANO INC stock have on its future price. SHIMANO INC 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, SHIMANO INC autocorrelation shows the relationship between SHIMANO INC stock current value and its past values and can show if there is a momentum factor associated with investing in SHIMANO INC UNSPADR10.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SHIMANO Stock
SHIMANO INC financial ratios help investors to determine whether SHIMANO 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 SHIMANO with respect to the benefits of owning SHIMANO INC security.