Sieyuan Electric (China) Market Value
| 002028 Stock | 70.77 1.17 1.63% |
| Symbol | Sieyuan |
Sieyuan Electric '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 Sieyuan Electric'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 Sieyuan Electric.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Sieyuan Electric on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Sieyuan Electric Co or generate 0.0% return on investment in Sieyuan Electric over 720 days. Sieyuan Electric is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Sieyuan Electric is entity of China. It is traded as Stock on SHE exchange. More
Sieyuan Electric 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 Sieyuan Electric'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 Sieyuan Electric Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.0282 | |||
| Maximum Drawdown | 10.4 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 4.39 |
Sieyuan Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sieyuan Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sieyuan Electric's standard deviation. In reality, there are many statistical measures that can use Sieyuan Electric historical prices to predict the future Sieyuan Electric's volatility.| Risk Adjusted Performance | 0.0494 | |||
| Jensen Alpha | 0.1143 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0332 | |||
| Treynor Ratio | 1.26 |
Sieyuan Electric Backtested Returns
At this point, Sieyuan Electric is very steady. Sieyuan Electric owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0387, which indicates the firm had a 0.0387% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sieyuan Electric Co, which you can use to evaluate the volatility of the company. Please validate Sieyuan Electric's Risk Adjusted Performance of 0.0494, coefficient of variation of 1698.78, and Semi Deviation of 1.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.0851%. Sieyuan Electric has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.0954, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sieyuan Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sieyuan Electric is expected to be smaller as well. Sieyuan Electric right now has a risk of 2.2%. Please validate Sieyuan Electric downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Sieyuan Electric will be following its existing price patterns.
Auto-correlation | 0.60 |
Good predictability
Sieyuan Electric Co has good predictability. Overlapping area represents the amount of predictability between Sieyuan Electric time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 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 Sieyuan Electric price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Sieyuan Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 64.46 |
Sieyuan Electric lagged returns against current returns
Autocorrelation, which is Sieyuan Electric 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 Sieyuan Electric's stock expected returns. We can calculate the autocorrelation of Sieyuan Electric returns to help us make a trade decision. For example, suppose you find that Sieyuan Electric 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 |
Sieyuan Electric 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 Sieyuan Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sieyuan Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sieyuan Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Sieyuan Electric Lagged Returns
When evaluating Sieyuan Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sieyuan Electric stock have on its future price. Sieyuan Electric 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, Sieyuan Electric autocorrelation shows the relationship between Sieyuan Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Sieyuan Electric Co.
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 Sieyuan Stock
Sieyuan Electric financial ratios help investors to determine whether Sieyuan 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 Sieyuan with respect to the benefits of owning Sieyuan Electric security.