Shengda Mining (China) Market Value

000603 Stock   13.08  0.24  1.80%   
Shengda Mining's market value is the price at which a share of Shengda Mining trades on a public exchange. It measures the collective expectations of Shengda Mining Co investors about its performance. Shengda Mining is trading at 13.08 as of the 1st of March 2025, a 1.8 percent decrease since the beginning of the trading day. The stock's open price was 13.32.
With this module, you can estimate the performance of a buy and hold strategy of Shengda Mining Co and determine expected loss or profit from investing in Shengda Mining over a given investment horizon. Check out Shengda Mining Correlation, Shengda Mining Volatility and Shengda Mining Alpha and Beta module to complement your research on Shengda Mining.
Symbol

Please note, there is a significant difference between Shengda Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shengda Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shengda Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
01/30/2025
No Change 0.00  0.0 
In 30 days
03/01/2025
0.00
If you would invest  0.00  in Shengda Mining on January 30, 2025 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 30 days. Shengda Mining is related to or competes with Beijing Kaiwen, Time Publishing, Markor International, Arrow Home, Beijing Kingsoft, Qtone Education, and Tangel Publishing. Shengda Mining is entity of China. It is traded as Stock on SHE exchange. 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.

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.
Hype
Prediction
LowEstimatedHigh
11.4613.0814.70
Details
Intrinsic
Valuation
LowRealHigh
11.4313.0514.67
Details
Naive
Forecast
LowNextHigh
11.3212.9414.55
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Shengda Mining Backtested Returns

At this point, Shengda Mining is not too volatile. Shengda Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0193, which indicates the firm had a 0.0193 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shengda Mining Co, which you can use to evaluate the volatility of the company. Please validate Shengda Mining's Coefficient Of Variation of 10024.53, risk adjusted performance of 0.0128, and Semi Deviation of 1.49 to confirm if the risk estimate we provide is consistent with the expected return of 0.0311%. Shengda Mining has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shengda Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shengda Mining is expected to be smaller as well. Shengda Mining right now has a risk of 1.62%. Please validate Shengda Mining mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Shengda Mining will be following its existing price patterns.

Auto-correlation

    
  0.60  

Good predictability

Shengda Mining Co has good predictability. Overlapping area represents the amount of predictability between Shengda Mining time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st 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 0.6 indicates that roughly 60.0% of current Shengda Mining price fluctuation can be explain by its past prices.
Correlation Coefficient0.6
Spearman Rank Test0.52
Residual Average0.0
Price Variance0.03

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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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.