Shaanxi Meineng (China) Market Value
| 001299 Stock | 12.32 0.21 1.68% |
| Symbol | Shaanxi |
Shaanxi Meineng '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 Shaanxi Meineng'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 Shaanxi Meineng.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Shaanxi Meineng on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Shaanxi Meineng Clean or generate 0.0% return on investment in Shaanxi Meineng over 30 days. Shaanxi Meineng is related to or competes with Allied Machinery, Hengyi Petrochemical, HeBei Jinniu, Harbin Air, Hengli Petrochemical, Lutian Machinery, and Fsilon Furnishing. Shaanxi Meineng is entity of China. It is traded as Stock on SHE exchange. More
Shaanxi Meineng 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 Shaanxi Meineng'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 Shaanxi Meineng Clean upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.72 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 3.25 |
Shaanxi Meineng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shaanxi Meineng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shaanxi Meineng's standard deviation. In reality, there are many statistical measures that can use Shaanxi Meineng historical prices to predict the future Shaanxi Meineng's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (22.57) |
Shaanxi Meineng Clean Backtested Returns
Shaanxi Meineng Clean owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1 % return per unit of risk over the last 3 months. Shaanxi Meineng Clean exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shaanxi Meineng's Variance of 4.39, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,460) to confirm the risk estimate we provide. The entity has a beta of 0.0068, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shaanxi Meineng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shaanxi Meineng is expected to be smaller as well. At this point, Shaanxi Meineng Clean has a negative expected return of -0.2%. Please make sure to validate Shaanxi Meineng's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Shaanxi Meineng Clean performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Shaanxi Meineng Clean has good reverse predictability. Overlapping area represents the amount of predictability between Shaanxi Meineng 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 Shaanxi Meineng Clean price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Shaanxi Meineng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Shaanxi Meineng Clean lagged returns against current returns
Autocorrelation, which is Shaanxi Meineng 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 Shaanxi Meineng's stock expected returns. We can calculate the autocorrelation of Shaanxi Meineng returns to help us make a trade decision. For example, suppose you find that Shaanxi Meineng 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 |
Shaanxi Meineng 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 Shaanxi Meineng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shaanxi Meineng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shaanxi Meineng stock over time.
Current vs Lagged Prices |
| Timeline |
Shaanxi Meineng Lagged Returns
When evaluating Shaanxi Meineng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shaanxi Meineng stock have on its future price. Shaanxi Meineng 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, Shaanxi Meineng autocorrelation shows the relationship between Shaanxi Meineng stock current value and its past values and can show if there is a momentum factor associated with investing in Shaanxi Meineng Clean.
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 Shaanxi Stock
Shaanxi Meineng financial ratios help investors to determine whether Shaanxi 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 Shaanxi with respect to the benefits of owning Shaanxi Meineng security.