Shanghai Electric Group Stock Market Value
| SIELY Stock | USD 7.63 0.22 2.97% |
| Symbol | Shanghai |
Shanghai Electric '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 Shanghai Electric'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 Shanghai Electric.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Shanghai Electric on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Shanghai Electric Group or generate 0.0% return on investment in Shanghai Electric over 420 days. Shanghai Electric is related to or competes with Parker Hannifin, Eaton PLC, Dover, Illinois Tool, and Emerson Electric. Shanghai Electric Group Company Limited, an equipment manufacturing conglomerate, provides clean energy, new energy and ... More
Shanghai Electric 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 Shanghai Electric'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 Shanghai Electric Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.77 | |||
| Information Ratio | 0.1318 | |||
| Maximum Drawdown | 74.25 | |||
| Value At Risk | (8.16) | |||
| Potential Upside | 12.94 |
Shanghai Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Electric's standard deviation. In reality, there are many statistical measures that can use Shanghai Electric historical prices to predict the future Shanghai Electric's volatility.| Risk Adjusted Performance | 0.1191 | |||
| Jensen Alpha | 0.7343 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1649 | |||
| Treynor Ratio | 0.2265 |
Shanghai Electric Backtested Returns
Shanghai Electric is very risky given 3 months investment horizon. Shanghai Electric owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We were able to break down and interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.63% are justified by taking the suggested risk. Use Shanghai Electric Coefficient Of Variation of 696.19, semi deviation of 3.56, and Risk Adjusted Performance of 0.1191 to evaluate company specific risk that cannot be diversified away. Shanghai Electric holds a performance score of 11 on a scale of zero to a hundred. The entity has a beta of 6.92, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Shanghai Electric will likely underperform. Use Shanghai Electric downside variance, and the relationship between the total risk alpha and daily balance of power , to analyze future returns on Shanghai Electric.
Auto-correlation | 0.00 |
No correlation between past and present
Shanghai Electric Group has no correlation between past and present. Overlapping area represents the amount of predictability between Shanghai Electric time series from 4th of October 2023 to 1st of May 2024 and 1st of May 2024 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 Shanghai Electric price movement. The serial correlation of 0.0 indicates that just 0.0% of current Shanghai Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.83 |
Shanghai Electric lagged returns against current returns
Autocorrelation, which is Shanghai Electric 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 Shanghai Electric's pink sheet expected returns. We can calculate the autocorrelation of Shanghai Electric returns to help us make a trade decision. For example, suppose you find that Shanghai Electric 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 |
Shanghai Electric 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 Shanghai Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Electric Lagged Returns
When evaluating Shanghai Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Electric pink sheet have on its future price. Shanghai Electric 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, Shanghai Electric autocorrelation shows the relationship between Shanghai Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Electric 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 Shanghai Pink Sheet Analysis
When running Shanghai Electric's price analysis, check to measure Shanghai Electric'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 Shanghai Electric is operating at the current time. Most of Shanghai Electric's value examination focuses on studying past and present price action to predict the probability of Shanghai Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shanghai Electric's price. Additionally, you may evaluate how the addition of Shanghai Electric to your portfolios can decrease your overall portfolio volatility.