Shenwan Hongyuan (China) Market Value
| 000166 Stock | 5.41 0.04 0.74% |
| Symbol | Shenwan |
Shenwan Hongyuan '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 Shenwan Hongyuan'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 Shenwan Hongyuan.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Shenwan Hongyuan on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Shenwan Hongyuan Group or generate 0.0% return on investment in Shenwan Hongyuan over 720 days. Shenwan Hongyuan is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, BYD Co, Beijing Roborock, Anhui Gujing, and Anhui Gujing. Shenwan Hongyuan is entity of China. It is traded as Stock on SHE exchange. More
Shenwan Hongyuan 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 Shenwan Hongyuan'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 Shenwan Hongyuan Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | 0.1251 | |||
| Maximum Drawdown | 19.93 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 6.62 |
Shenwan Hongyuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenwan Hongyuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenwan Hongyuan's standard deviation. In reality, there are many statistical measures that can use Shenwan Hongyuan historical prices to predict the future Shenwan Hongyuan's volatility.| Risk Adjusted Performance | 0.1149 | |||
| Jensen Alpha | 0.4049 | |||
| Total Risk Alpha | 0.3196 | |||
| Sortino Ratio | 0.1467 | |||
| Treynor Ratio | 18.34 |
Shenwan Hongyuan Backtested Returns
Shenwan Hongyuan appears to be slightly risky, given 3 months investment horizon. Shenwan Hongyuan owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shenwan Hongyuan Group, which you can use to evaluate the volatility of the company. Please review Shenwan Hongyuan's Semi Deviation of 2.12, coefficient of variation of 737.27, and Risk Adjusted Performance of 0.1149 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenwan Hongyuan holds a performance score of 11. The entity has a beta of 0.0221, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shenwan Hongyuan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenwan Hongyuan is expected to be smaller as well. Please check Shenwan Hongyuan's 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 Shenwan Hongyuan's existing price patterns will revert.
Auto-correlation | 0.12 |
Insignificant predictability
Shenwan Hongyuan Group has insignificant predictability. Overlapping area represents the amount of predictability between Shenwan Hongyuan time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Shenwan Hongyuan price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Shenwan Hongyuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Shenwan Hongyuan lagged returns against current returns
Autocorrelation, which is Shenwan Hongyuan 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 Shenwan Hongyuan's stock expected returns. We can calculate the autocorrelation of Shenwan Hongyuan returns to help us make a trade decision. For example, suppose you find that Shenwan Hongyuan 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 |
Shenwan Hongyuan 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 Shenwan Hongyuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenwan Hongyuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenwan Hongyuan stock over time.
Current vs Lagged Prices |
| Timeline |
Shenwan Hongyuan Lagged Returns
When evaluating Shenwan Hongyuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenwan Hongyuan stock have on its future price. Shenwan Hongyuan 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, Shenwan Hongyuan autocorrelation shows the relationship between Shenwan Hongyuan stock current value and its past values and can show if there is a momentum factor associated with investing in Shenwan Hongyuan 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.Other Information on Investing in Shenwan Stock
Shenwan Hongyuan financial ratios help investors to determine whether Shenwan 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 Shenwan with respect to the benefits of owning Shenwan Hongyuan security.