Shenzhen Expressway Stock Market Value
| SHZNF Stock | USD 0.89 0.00 0.00% |
| Symbol | Shenzhen |
Shenzhen Expressway '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 Shenzhen Expressway'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 Shenzhen Expressway.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Shenzhen Expressway on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Shenzhen Expressway or generate 0.0% return on investment in Shenzhen Expressway over 720 days. Shenzhen Expressway is related to or competes with Verra Mobility, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. Shenzhen Expressway Corporation Limited, together with its subsidiaries, primarily invests in, constructs, operates, and... More
Shenzhen Expressway 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 Shenzhen Expressway'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 Shenzhen Expressway upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 8.25 |
Shenzhen Expressway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Expressway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Expressway's standard deviation. In reality, there are many statistical measures that can use Shenzhen Expressway historical prices to predict the future Shenzhen Expressway's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (17.08) |
Shenzhen Expressway Backtested Returns
Shenzhen Expressway owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Shenzhen Expressway exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenzhen Expressway's Coefficient Of Variation of (812.40), risk adjusted performance of (0.09), and Variance of 1.03 to confirm the risk estimate we provide. The entity has a beta of 0.0079, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shenzhen Expressway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Expressway is expected to be smaller as well. At this point, Shenzhen Expressway has a negative expected return of -0.13%. Please make sure to validate Shenzhen Expressway's coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and day typical price , to decide if Shenzhen Expressway performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Shenzhen Expressway has poor predictability. Overlapping area represents the amount of predictability between Shenzhen Expressway time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Shenzhen Expressway price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Shenzhen Expressway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shenzhen Expressway lagged returns against current returns
Autocorrelation, which is Shenzhen Expressway 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 Shenzhen Expressway's pink sheet expected returns. We can calculate the autocorrelation of Shenzhen Expressway returns to help us make a trade decision. For example, suppose you find that Shenzhen Expressway 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 |
Shenzhen Expressway 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 Shenzhen Expressway pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Expressway pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Expressway pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Expressway Lagged Returns
When evaluating Shenzhen Expressway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Expressway pink sheet have on its future price. Shenzhen Expressway 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, Shenzhen Expressway autocorrelation shows the relationship between Shenzhen Expressway pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Expressway.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shenzhen Pink Sheet
Shenzhen Expressway financial ratios help investors to determine whether Shenzhen 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 Shenzhen with respect to the benefits of owning Shenzhen Expressway security.