Shenzhou International Group Stock Market Value
| SHZHY Stock | USD 7.76 0.47 6.45% |
| Symbol | Shenzhou |
Shenzhou International '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 Shenzhou International'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 Shenzhou International.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Shenzhou International on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhou International Group or generate 0.0% return on investment in Shenzhou International over 360 days. Shenzhou International is related to or competes with Unifi, Culp, ENN Energy, Anhui Conch, Sands China, Sysmex Corp, and Pigeon Corp. Shenzhou International Group Holdings Limited, an investment holding company, engages in manufacturing, processing, and ... More
Shenzhou International 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 Shenzhou International'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 Shenzhou International Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.28 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.53 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.45 |
Shenzhou International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhou International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhou International's standard deviation. In reality, there are many statistical measures that can use Shenzhou International historical prices to predict the future Shenzhou International's volatility.| Risk Adjusted Performance | 0.0141 | |||
| Jensen Alpha | 0.0093 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2137 |
Shenzhou International Backtested Returns
Shenzhou International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.026, which indicates the firm had a -0.026% return per unit of risk over the last 3 months. Shenzhou International Group exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenzhou International's Coefficient Of Variation of 11941.39, semi deviation of 3.17, and Risk Adjusted Performance of 0.0141 to confirm the risk estimate we provide. The entity has a beta of 0.0813, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shenzhou International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhou International is expected to be smaller as well. At this point, Shenzhou International has a negative expected return of -0.0857%. Please make sure to validate Shenzhou International's sortino ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Shenzhou International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Shenzhou International Group has below average predictability. Overlapping area represents the amount of predictability between Shenzhou International time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 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 Shenzhou International price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Shenzhou International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
Shenzhou International lagged returns against current returns
Autocorrelation, which is Shenzhou International 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 Shenzhou International's pink sheet expected returns. We can calculate the autocorrelation of Shenzhou International returns to help us make a trade decision. For example, suppose you find that Shenzhou International 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 |
Shenzhou International 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 Shenzhou International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhou International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhou International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Shenzhou International Lagged Returns
When evaluating Shenzhou International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhou International pink sheet have on its future price. Shenzhou International 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, Shenzhou International autocorrelation shows the relationship between Shenzhou International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Shenzhou International 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 Shenzhou Pink Sheet Analysis
When running Shenzhou International's price analysis, check to measure Shenzhou International'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 Shenzhou International is operating at the current time. Most of Shenzhou International's value examination focuses on studying past and present price action to predict the probability of Shenzhou International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shenzhou International's price. Additionally, you may evaluate how the addition of Shenzhou International to your portfolios can decrease your overall portfolio volatility.