Shandong Weigao Group Stock Market Value
| SHWGY Stock | USD 2.27 0.04 1.79% |
| Symbol | Shandong |
Shandong Weigao '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 Weigao'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 Weigao.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Shandong Weigao on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Weigao Group or generate 0.0% return on investment in Shandong Weigao over 30 days. Shandong Weigao is related to or competes with Ansell, Straumann Holding, Utah Medical, AngioDynamics, Straumann Holding, Coloplast, and Hoya Corp. Shandong Weigao Group Medical Polymer Company Limited engages in the research and development, production, and sale of s... More
Shandong Weigao 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 Weigao'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 Weigao Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.5 | |||
| Information Ratio | 0.0198 | |||
| Maximum Drawdown | 29.15 | |||
| Value At Risk | (9.13) | |||
| Potential Upside | 9.6 |
Shandong Weigao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Weigao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Weigao's standard deviation. In reality, there are many statistical measures that can use Shandong Weigao historical prices to predict the future Shandong Weigao's volatility.| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | 0.5037 | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | 0.0156 | |||
| Treynor Ratio | (0.11) |
Shandong Weigao Group Backtested Returns
Shandong Weigao appears to be dangerous, given 3 months investment horizon. Shandong Weigao Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0614, which indicates the firm had a 0.0614% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shandong Weigao Group, which you can use to evaluate the volatility of the company. Please review Shandong Weigao's Semi Deviation of 4.51, risk adjusted performance of 0.0442, and Coefficient Of Variation of 2142.4 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Weigao holds a performance score of 4. The entity has a beta of -2.15, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Shandong Weigao are expected to decrease by larger amounts. On the other hand, during market turmoil, Shandong Weigao is expected to outperform it. Please check Shandong Weigao's total risk alpha, as well as the relationship between the downside variance and rate of daily change , to make a quick decision on whether Shandong Weigao's existing price patterns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Shandong Weigao Group has weak reverse predictability. Overlapping area represents the amount of predictability between Shandong Weigao time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Shandong Weigao Group price movement. The serial correlation of -0.21 indicates that over 21.0% of current Shandong Weigao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Shandong Weigao Group lagged returns against current returns
Autocorrelation, which is Shandong Weigao 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 Weigao's pink sheet expected returns. We can calculate the autocorrelation of Shandong Weigao returns to help us make a trade decision. For example, suppose you find that Shandong Weigao 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 Weigao 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 Weigao pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Weigao 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 Weigao pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Shandong Weigao Lagged Returns
When evaluating Shandong Weigao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Weigao pink sheet have on its future price. Shandong Weigao 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 Weigao autocorrelation shows the relationship between Shandong Weigao pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Shandong Weigao Group.
Regressed Prices |
| Timeline |
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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 Shandong Pink Sheet Analysis
When running Shandong Weigao's price analysis, check to measure Shandong Weigao's 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 Shandong Weigao is operating at the current time. Most of Shandong Weigao's value examination focuses on studying past and present price action to predict the probability of Shandong Weigao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shandong Weigao's price. Additionally, you may evaluate how the addition of Shandong Weigao to your portfolios can decrease your overall portfolio volatility.