SANY HEAVY (Germany) Market Value
| YXS Stock | 0.58 0.01 1.75% |
| Symbol | SANY |
SANY HEAVY '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 SANY HEAVY'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 SANY HEAVY.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in SANY HEAVY on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding SANY HEAVY EQUIP or generate 0.0% return on investment in SANY HEAVY over 720 days. SANY HEAVY is related to or competes with ANTA SPORTS, Mitsubishi Gas, WESTLAKE CHEMICAL, PTT Global, and Siamgas. More
SANY HEAVY 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 SANY HEAVY'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 SANY HEAVY EQUIP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.9 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.3 |
SANY HEAVY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SANY HEAVY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SANY HEAVY's standard deviation. In reality, there are many statistical measures that can use SANY HEAVY historical prices to predict the future SANY HEAVY's volatility.| Risk Adjusted Performance | 0.0261 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2488 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SANY HEAVY's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SANY HEAVY EQUIP Backtested Returns
SANY HEAVY is out of control given 3 months investment horizon. SANY HEAVY EQUIP owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the company had a 0.15% return per unit of standard deviation over the last 3 months. We are able to break down and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.36% are justified by taking the suggested risk. Use SANY HEAVY EQUIP Risk Adjusted Performance of 0.0261, market risk adjusted performance of 0.2588, and Downside Deviation of 2.05 to evaluate company specific risk that cannot be diversified away. SANY HEAVY holds a performance score of 11 on a scale of zero to a hundred. The firm has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SANY HEAVY's returns are expected to increase less than the market. However, during the bear market, the loss of holding SANY HEAVY is expected to be smaller as well. Use SANY HEAVY EQUIP maximum drawdown and the relationship between the semi variance and day typical price , to analyze future returns on SANY HEAVY EQUIP.
Auto-correlation | 0.19 |
Very weak predictability
SANY HEAVY EQUIP has very weak predictability. Overlapping area represents the amount of predictability between SANY HEAVY time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 SANY HEAVY EQUIP price movement. The serial correlation of 0.19 indicates that over 19.0% of current SANY HEAVY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
SANY HEAVY EQUIP lagged returns against current returns
Autocorrelation, which is SANY HEAVY 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 SANY HEAVY's stock expected returns. We can calculate the autocorrelation of SANY HEAVY returns to help us make a trade decision. For example, suppose you find that SANY HEAVY 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 |
SANY HEAVY 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 SANY HEAVY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SANY HEAVY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SANY HEAVY stock over time.
Current vs Lagged Prices |
| Timeline |
SANY HEAVY Lagged Returns
When evaluating SANY HEAVY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SANY HEAVY stock have on its future price. SANY HEAVY 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, SANY HEAVY autocorrelation shows the relationship between SANY HEAVY stock current value and its past values and can show if there is a momentum factor associated with investing in SANY HEAVY EQUIP.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SANY Stock Analysis
When running SANY HEAVY's price analysis, check to measure SANY HEAVY'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 SANY HEAVY is operating at the current time. Most of SANY HEAVY's value examination focuses on studying past and present price action to predict the probability of SANY HEAVY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SANY HEAVY's price. Additionally, you may evaluate how the addition of SANY HEAVY to your portfolios can decrease your overall portfolio volatility.