Shengda Mining (China) Market Value
| 000603 Stock | 15.90 0.92 6.14% |
| Symbol | Shengda |
Shengda Mining '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 Shengda Mining'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 Shengda Mining.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Shengda Mining on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Shengda Mining Co or generate 0.0% return on investment in Shengda Mining over 90 days. Shengda Mining is related to or competes with Nantong Haixing, Guangdong Ellington, Fuzhou Rockchip, Lander Sports, Shenzhen, YiDong Electronics, and China Sports. More
Shengda Mining 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 Shengda Mining'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 Shengda Mining Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.269 | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 4.17 |
Shengda Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shengda Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shengda Mining's standard deviation. In reality, there are many statistical measures that can use Shengda Mining historical prices to predict the future Shengda Mining's volatility.| Risk Adjusted Performance | 0.2026 | |||
| Jensen Alpha | 0.4107 | |||
| Total Risk Alpha | 0.635 | |||
| Sortino Ratio | 0.3964 | |||
| Treynor Ratio | (3.47) |
Shengda Mining Backtested Returns
Shengda Mining appears to be very steady, given 3 months investment horizon. Shengda Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Shengda Mining Co, which you can use to evaluate the volatility of the company. Please review Shengda Mining's Semi Deviation of 0.9466, coefficient of variation of 446.52, and Risk Adjusted Performance of 0.2026 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shengda Mining holds a performance score of 17. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shengda Mining are expected to decrease at a much lower rate. During the bear market, Shengda Mining is likely to outperform the market. Please check Shengda Mining's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shengda Mining's existing price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Shengda Mining Co has modest predictability. Overlapping area represents the amount of predictability between Shengda Mining time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shengda Mining price movement. The serial correlation of 0.5 indicates that about 50.0% of current Shengda Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Shengda Mining lagged returns against current returns
Autocorrelation, which is Shengda Mining 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 Shengda Mining's stock expected returns. We can calculate the autocorrelation of Shengda Mining returns to help us make a trade decision. For example, suppose you find that Shengda Mining 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 |
Shengda Mining 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 Shengda Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shengda Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shengda Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Shengda Mining Lagged Returns
When evaluating Shengda Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shengda Mining stock have on its future price. Shengda Mining 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, Shengda Mining autocorrelation shows the relationship between Shengda Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Shengda Mining Co.
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 Shengda Stock
Shengda Mining financial ratios help investors to determine whether Shengda 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 Shengda with respect to the benefits of owning Shengda Mining security.