Henan Shenhuo (China) Market Value
| 000933 Stock | 17.28 0.22 1.26% |
| Symbol | Henan |
Henan Shenhuo '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 Henan Shenhuo'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 Henan Shenhuo.
| 05/28/2023 |
| 12/18/2024 |
If you would invest 0.00 in Henan Shenhuo on May 28, 2023 and sell it all today you would earn a total of 0.00 from holding Henan Shenhuo Coal or generate 0.0% return on investment in Henan Shenhuo over 570 days. Henan Shenhuo is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Henan Shenhuo is entity of China. It is traded as Stock on SHE exchange. More
Henan Shenhuo 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 Henan Shenhuo'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 Henan Shenhuo Coal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.38 | |||
| Information Ratio | 0.0991 | |||
| Maximum Drawdown | 19.68 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 5.78 |
Henan Shenhuo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Henan Shenhuo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Henan Shenhuo's standard deviation. In reality, there are many statistical measures that can use Henan Shenhuo historical prices to predict the future Henan Shenhuo's volatility.| Risk Adjusted Performance | 0.0944 | |||
| Jensen Alpha | 0.4149 | |||
| Total Risk Alpha | 0.1221 | |||
| Sortino Ratio | 0.097 | |||
| Treynor Ratio | (0.76) |
Henan Shenhuo Coal Backtested Returns
Henan Shenhuo appears to be not too volatile, given 3 months investment horizon. Henan Shenhuo Coal holds Efficiency (Sharpe) Ratio of 0.0898, which attests that the entity had a 0.0898% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Henan Shenhuo Coal, which you can use to evaluate the volatility of the firm. Please utilize Henan Shenhuo's Risk Adjusted Performance of 0.0944, market risk adjusted performance of (0.75), and Downside Deviation of 3.38 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Henan Shenhuo holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Henan Shenhuo are expected to decrease at a much lower rate. During the bear market, Henan Shenhuo is likely to outperform the market. Please check Henan Shenhuo's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Henan Shenhuo's current trending patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Henan Shenhuo Coal has poor reverse predictability. Overlapping area represents the amount of predictability between Henan Shenhuo time series from 28th of May 2023 to 8th of March 2024 and 8th of March 2024 to 18th 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 Henan Shenhuo Coal price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Henan Shenhuo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 7.81 |
Henan Shenhuo Coal lagged returns against current returns
Autocorrelation, which is Henan Shenhuo 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 Henan Shenhuo's stock expected returns. We can calculate the autocorrelation of Henan Shenhuo returns to help us make a trade decision. For example, suppose you find that Henan Shenhuo 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 |
Henan Shenhuo 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 Henan Shenhuo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Henan Shenhuo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Henan Shenhuo stock over time.
Current vs Lagged Prices |
| Timeline |
Henan Shenhuo Lagged Returns
When evaluating Henan Shenhuo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Henan Shenhuo stock have on its future price. Henan Shenhuo 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, Henan Shenhuo autocorrelation shows the relationship between Henan Shenhuo stock current value and its past values and can show if there is a momentum factor associated with investing in Henan Shenhuo Coal.
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 Henan Stock
Henan Shenhuo financial ratios help investors to determine whether Henan 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 Henan with respect to the benefits of owning Henan Shenhuo security.