Shenzhen Coship's market value is the price at which a share of Shenzhen Coship trades on a public exchange. It measures the collective expectations of Shenzhen Coship Electronics investors about its performance. Shenzhen Coship is trading at 6.21 as of the 3rd of January 2025, a 5.08 percent increase since the beginning of the trading day. The stock's open price was 5.91. With this module, you can estimate the performance of a buy and hold strategy of Shenzhen Coship Electronics and determine expected loss or profit from investing in Shenzhen Coship over a given investment horizon. Check out Shenzhen Coship Correlation, Shenzhen Coship Volatility and Shenzhen Coship Alpha and Beta module to complement your research on Shenzhen Coship.
Please note, there is a significant difference between Shenzhen Coship's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shenzhen Coship is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shenzhen Coship'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.
Shenzhen Coship '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 Shenzhen Coship'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 Shenzhen Coship.
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10/11/2023
No Change 0.00
0.0
In 1 year 2 months and 27 days
01/03/2025
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If you would invest 0.00 in Shenzhen Coship on October 11, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhen Coship Electronics or generate 0.0% return on investment in Shenzhen Coship over 450 days. Shenzhen Coship is related to or competes with Gansu Jiu, Changzhou Almaden, Aba Chemicals, Queclink Wireless, Hunan Nanling, Jiangsu Seagull, and Inner Mongolia. Shenzhen Coship is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Coship 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 Shenzhen Coship'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 Shenzhen Coship Electronics upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Coship's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Coship's standard deviation. In reality, there are many statistical measures that can use Shenzhen Coship historical prices to predict the future Shenzhen Coship's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shenzhen Coship. Your research has to be compared to or analyzed against Shenzhen Coship's peers to derive any actionable benefits. When done correctly, Shenzhen Coship'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 Shenzhen Coship Elec.
Shenzhen Coship Elec Backtested Returns
Shenzhen Coship is moderately volatile given 3 months investment horizon. Shenzhen Coship Elec owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.45, which indicates the firm had a 0.45% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.88% are justified by taking the suggested risk. Use Shenzhen Coship Elec Semi Deviation of 3.83, coefficient of variation of 226.79, and Risk Adjusted Performance of 0.3632 to evaluate company specific risk that cannot be diversified away. Shenzhen Coship holds a performance score of 35 on a scale of zero to a hundred. The entity has a beta of 1.23, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Shenzhen Coship will likely underperform. Use Shenzhen Coship Elec mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Shenzhen Coship Elec.
Auto-correlation
0.06
Virtually no predictability
Shenzhen Coship Electronics has virtually no predictability. Overlapping area represents the amount of predictability between Shenzhen Coship time series from 11th of October 2023 to 23rd of May 2024 and 23rd of May 2024 to 3rd of January 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 Shenzhen Coship Elec price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Shenzhen Coship price fluctuation can be explain by its past prices.
Correlation Coefficient
0.06
Spearman Rank Test
0.37
Residual Average
0.0
Price Variance
3.08
Shenzhen Coship Elec lagged returns against current returns
Autocorrelation, which is Shenzhen Coship 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 Shenzhen Coship's stock expected returns. We can calculate the autocorrelation of Shenzhen Coship returns to help us make a trade decision. For example, suppose you find that Shenzhen Coship 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
Shenzhen Coship 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 Shenzhen Coship stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Coship stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Coship stock over time.
Current vs Lagged Prices
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Shenzhen Coship Lagged Returns
When evaluating Shenzhen Coship's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Coship stock have on its future price. Shenzhen Coship 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, Shenzhen Coship autocorrelation shows the relationship between Shenzhen Coship stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Coship Electronics.
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.
Shenzhen Coship financial ratios help investors to determine whether Shenzhen 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 Shenzhen with respect to the benefits of owning Shenzhen Coship security.