Shenzhen Overseas (China) Market Value
| 000069 Stock | 2.91 0.08 2.68% |
| Symbol | Shenzhen |
Shenzhen Overseas '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 Overseas' 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 Shenzhen Overseas.
| 12/24/2023 |
| 12/18/2024 |
If you would invest 0.00 in Shenzhen Overseas on December 24, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhen Overseas Chinese or generate 0.0% return on investment in Shenzhen Overseas over 360 days. Shenzhen Overseas is related to or competes with China Publishing, Qingdao Citymedia, Hubeiyichang Transportation, Jiangsu Jinling, Sichuan Fulin, Lander Sports, and Dazhong Transportation. Shenzhen Overseas is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Overseas 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 Overseas' 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 Shenzhen Overseas Chinese upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.6 | |||
| Information Ratio | 0.1645 | |||
| Maximum Drawdown | 20.16 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 9.93 |
Shenzhen Overseas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Overseas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Overseas' standard deviation. In reality, there are many statistical measures that can use Shenzhen Overseas historical prices to predict the future Shenzhen Overseas' volatility.| Risk Adjusted Performance | 0.1397 | |||
| Jensen Alpha | 0.7331 | |||
| Total Risk Alpha | 0.3972 | |||
| Sortino Ratio | 0.183 | |||
| Treynor Ratio | (2.37) |
Shenzhen Overseas Chinese Backtested Returns
Shenzhen Overseas appears to be very risky, given 3 months investment horizon. Shenzhen Overseas Chinese owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Shenzhen Overseas' technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please review Shenzhen Overseas' Coefficient Of Variation of 551.21, semi deviation of 3.12, and Risk Adjusted Performance of 0.1397 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Overseas holds a performance score of 13. The entity has a beta of -0.3, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen Overseas are expected to decrease at a much lower rate. During the bear market, Shenzhen Overseas is likely to outperform the market. Please check Shenzhen Overseas' mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen Overseas' existing price patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Shenzhen Overseas Chinese has very good reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Overseas time series from 24th of December 2023 to 21st of June 2024 and 21st of June 2024 to 18th 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 Shenzhen Overseas Chinese price movement. The serial correlation of -0.67 indicates that around 67.0% of current Shenzhen Overseas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Shenzhen Overseas Chinese lagged returns against current returns
Autocorrelation, which is Shenzhen Overseas 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 Shenzhen Overseas' stock expected returns. We can calculate the autocorrelation of Shenzhen Overseas returns to help us make a trade decision. For example, suppose you find that Shenzhen Overseas 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 |
Shenzhen Overseas 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 Overseas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Overseas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Overseas stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Overseas Lagged Returns
When evaluating Shenzhen Overseas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Overseas stock have on its future price. Shenzhen Overseas 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 Overseas autocorrelation shows the relationship between Shenzhen Overseas stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Overseas Chinese.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Shenzhen Stock
Shenzhen Overseas financial ratios help investors to determine whether Shenzhen Stock 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 Overseas security.