Sinosteel Engineering (China) Market Value

000928 Stock   6.88  0.07  1.03%   
Sinosteel Engineering's market value is the price at which a share of Sinosteel Engineering trades on a public exchange. It measures the collective expectations of Sinosteel Engineering and investors about its performance. Sinosteel Engineering is trading at 6.88 as of the 1st of March 2025, a 1.03 percent increase since the beginning of the trading day. The stock's open price was 6.81.
With this module, you can estimate the performance of a buy and hold strategy of Sinosteel Engineering and and determine expected loss or profit from investing in Sinosteel Engineering over a given investment horizon. Check out Sinosteel Engineering Correlation, Sinosteel Engineering Volatility and Sinosteel Engineering Alpha and Beta module to complement your research on Sinosteel Engineering.
Symbol

Please note, there is a significant difference between Sinosteel Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sinosteel Engineering is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sinosteel Engineering'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.

Sinosteel Engineering '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 Sinosteel Engineering'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 Sinosteel Engineering.
0.00
01/30/2025
No Change 0.00  0.0 
In 31 days
03/01/2025
0.00
If you would invest  0.00  in Sinosteel Engineering on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Sinosteel Engineering and or generate 0.0% return on investment in Sinosteel Engineering over 30 days. Sinosteel Engineering is related to or competes with Masterwork Machinery, Chongqing Sulian, Huasi Agricultural, Shenzhen Zhongzhuang, Highbroad Advanced, Shenzhen Silver, and NBTM New. Sinosteel Engineering is entity of China More

Sinosteel Engineering 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 Sinosteel Engineering'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 Sinosteel Engineering and upside and downside potential and time the market with a certain degree of confidence.

Sinosteel Engineering Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinosteel Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinosteel Engineering's standard deviation. In reality, there are many statistical measures that can use Sinosteel Engineering historical prices to predict the future Sinosteel Engineering's volatility.
Hype
Prediction
LowEstimatedHigh
4.696.909.11
Details
Intrinsic
Valuation
LowRealHigh
4.536.748.95
Details
Naive
Forecast
LowNextHigh
4.817.029.23
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sinosteel Engineering. Your research has to be compared to or analyzed against Sinosteel Engineering's peers to derive any actionable benefits. When done correctly, Sinosteel Engineering's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sinosteel Engineering and.

Sinosteel Engineering and Backtested Returns

Sinosteel Engineering and owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0184, which indicates the firm had a -0.0184 % return per unit of risk over the last 3 months. Sinosteel Engineering and exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sinosteel Engineering's Coefficient Of Variation of 46285.63, semi deviation of 1.83, and Risk Adjusted Performance of 0.0082 to confirm the risk estimate we provide. The entity has a beta of 0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sinosteel Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sinosteel Engineering is expected to be smaller as well. At this point, Sinosteel Engineering and has a negative expected return of -0.0405%. Please make sure to validate Sinosteel Engineering's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Sinosteel Engineering and performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.45  

Average predictability

Sinosteel Engineering and has average predictability. Overlapping area represents the amount of predictability between Sinosteel Engineering 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 Sinosteel Engineering and price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Sinosteel Engineering price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test0.17
Residual Average0.0
Price Variance0.13

Sinosteel Engineering and lagged returns against current returns

Autocorrelation, which is Sinosteel Engineering 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 Sinosteel Engineering's stock expected returns. We can calculate the autocorrelation of Sinosteel Engineering returns to help us make a trade decision. For example, suppose you find that Sinosteel Engineering 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  

Sinosteel Engineering 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 Sinosteel Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinosteel Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinosteel Engineering stock over time.
   Current vs Lagged Prices   
       Timeline  

Sinosteel Engineering Lagged Returns

When evaluating Sinosteel Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinosteel Engineering stock have on its future price. Sinosteel Engineering 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, Sinosteel Engineering autocorrelation shows the relationship between Sinosteel Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Sinosteel Engineering and.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Sinosteel Stock

Sinosteel Engineering financial ratios help investors to determine whether Sinosteel 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 Sinosteel with respect to the benefits of owning Sinosteel Engineering security.