Shandong (China) Market Value
| 000498 Stock | 6.35 0.06 0.95% |
| Symbol | Shandong |
Shandong '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 Shandong'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 Shandong.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Shandong on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Shandong Hi Speed RoadBridge or generate 0.0% return on investment in Shandong over 720 days. Shandong is related to or competes with Easyhome New, Ningbo Tip, Ningxia Building, Super Dragon, Jiangnan Mould, Sinosteel Luonai, and Southern PublishingMedia. Shandong is entity of China. It is traded as Stock on SHE exchange. More
Shandong 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 Shandong'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 Shandong Hi Speed RoadBridge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.1003 | |||
| Maximum Drawdown | 16.34 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 5.05 |
Shandong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong's standard deviation. In reality, there are many statistical measures that can use Shandong historical prices to predict the future Shandong's volatility.| Risk Adjusted Performance | 0.1241 | |||
| Jensen Alpha | 0.4122 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1018 | |||
| Treynor Ratio | (2.19) |
Shandong Hi Speed Backtested Returns
Shandong appears to be slightly risky, given 3 months investment horizon. Shandong Hi Speed owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shandong Hi Speed RoadBridge, which you can use to evaluate the volatility of the company. Please review Shandong's Coefficient Of Variation of 653.46, semi deviation of 2.17, and Risk Adjusted Performance of 0.1241 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong holds a performance score of 12. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shandong are expected to decrease at a much lower rate. During the bear market, Shandong is likely to outperform the market. Please check Shandong'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 Shandong's existing price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Shandong Hi Speed RoadBridge has modest reverse predictability. Overlapping area represents the amount of predictability between Shandong time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Shandong Hi Speed price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Shandong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Shandong Hi Speed lagged returns against current returns
Autocorrelation, which is Shandong 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 Shandong's stock expected returns. We can calculate the autocorrelation of Shandong returns to help us make a trade decision. For example, suppose you find that Shandong 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 |
Shandong 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 Shandong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Lagged Returns
When evaluating Shandong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong stock have on its future price. Shandong 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, Shandong autocorrelation shows the relationship between Shandong stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Hi Speed RoadBridge.
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 Shandong Stock
Shandong financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong security.