Shan Dong (China) Market Value
| 000423 Stock | 59.40 0.39 0.66% |
| Symbol | Shan |
Shan Dong '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 Shan Dong'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 Shan Dong.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Shan Dong on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Shan Dong Dong E or generate 0.0% return on investment in Shan Dong over 30 days. Shan Dong is related to or competes with BeiGene, Kweichow Moutai, Beijing Roborock, G Bits, China Mobile, Jiangsu Bioperfectus, and Changchun High. Shan Dong is entity of China. It is traded as Stock on SHE exchange. More
Shan Dong 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 Shan Dong'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 Shan Dong Dong E upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | 0.09 | |||
| Maximum Drawdown | 13.4 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 4.38 |
Shan Dong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shan Dong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shan Dong's standard deviation. In reality, there are many statistical measures that can use Shan Dong historical prices to predict the future Shan Dong's volatility.| Risk Adjusted Performance | 0.0918 | |||
| Jensen Alpha | 0.3264 | |||
| Total Risk Alpha | 0.0838 | |||
| Sortino Ratio | 0.1202 | |||
| Treynor Ratio | (0.39) |
Shan Dong Dong Backtested Returns
Shan Dong appears to be very steady, given 3 months investment horizon. Shan Dong Dong owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shan Dong Dong E, which you can use to evaluate the volatility of the company. Please review Shan Dong's Coefficient Of Variation of 855.38, risk adjusted performance of 0.0918, and Semi Deviation of 1.69 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shan Dong holds a performance score of 14. The entity has a beta of -0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shan Dong are expected to decrease at a much lower rate. During the bear market, Shan Dong is likely to outperform the market. Please check Shan Dong's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shan Dong's existing price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Shan Dong Dong E has insignificant predictability. Overlapping area represents the amount of predictability between Shan Dong time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 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 Shan Dong Dong price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Shan Dong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Shan Dong Dong lagged returns against current returns
Autocorrelation, which is Shan Dong 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 Shan Dong's stock expected returns. We can calculate the autocorrelation of Shan Dong returns to help us make a trade decision. For example, suppose you find that Shan Dong 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 |
Shan Dong 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 Shan Dong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shan Dong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shan Dong stock over time.
Current vs Lagged Prices |
| Timeline |
Shan Dong Lagged Returns
When evaluating Shan Dong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shan Dong stock have on its future price. Shan Dong 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, Shan Dong autocorrelation shows the relationship between Shan Dong stock current value and its past values and can show if there is a momentum factor associated with investing in Shan Dong Dong E.
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 Shan Stock
Shan Dong financial ratios help investors to determine whether Shan 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 Shan with respect to the benefits of owning Shan Dong security.