Shenyang Huitian (China) Market Value
| 000692 Stock | 3.73 0.04 1.08% |
| Symbol | Shenyang |
Shenyang Huitian '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 Shenyang Huitian'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 Shenyang Huitian.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Shenyang Huitian on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shenyang Huitian Thermal or generate 0.0% return on investment in Shenyang Huitian over 30 days. Shenyang Huitian is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, PetroChina, Bank of China, and Contemporary Amperex. Shenyang Huitian is entity of China. It is traded as Stock on SHE exchange. More
Shenyang Huitian 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 Shenyang Huitian'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 Shenyang Huitian Thermal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.0826 | |||
| Maximum Drawdown | 17.12 | |||
| Value At Risk | (4.16) | |||
| Potential Upside | 7.18 |
Shenyang Huitian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenyang Huitian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenyang Huitian's standard deviation. In reality, there are many statistical measures that can use Shenyang Huitian historical prices to predict the future Shenyang Huitian's volatility.| Risk Adjusted Performance | 0.1 | |||
| Jensen Alpha | 0.2967 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0954 | |||
| Treynor Ratio | 0.4864 |
Shenyang Huitian Thermal Backtested Returns
Shenyang Huitian appears to be relatively risky, given 3 months investment horizon. Shenyang Huitian Thermal owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Shenyang Huitian's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please review Shenyang Huitian's Coefficient Of Variation of 830.06, risk adjusted performance of 0.1, and Semi Deviation of 2.5 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenyang Huitian holds a performance score of 11. The entity has a beta of 0.8, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shenyang Huitian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenyang Huitian is expected to be smaller as well. Please check Shenyang Huitian's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenyang Huitian's existing price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Shenyang Huitian Thermal has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shenyang Huitian time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Shenyang Huitian Thermal price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Shenyang Huitian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Shenyang Huitian Thermal lagged returns against current returns
Autocorrelation, which is Shenyang Huitian 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 Shenyang Huitian's stock expected returns. We can calculate the autocorrelation of Shenyang Huitian returns to help us make a trade decision. For example, suppose you find that Shenyang Huitian 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 |
Shenyang Huitian 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 Shenyang Huitian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenyang Huitian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenyang Huitian stock over time.
Current vs Lagged Prices |
| Timeline |
Shenyang Huitian Lagged Returns
When evaluating Shenyang Huitian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenyang Huitian stock have on its future price. Shenyang Huitian 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, Shenyang Huitian autocorrelation shows the relationship between Shenyang Huitian stock current value and its past values and can show if there is a momentum factor associated with investing in Shenyang Huitian Thermal.
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 Shenyang Stock
Shenyang Huitian financial ratios help investors to determine whether Shenyang 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 Shenyang with respect to the benefits of owning Shenyang Huitian security.