Shenzhen Hifuture (China) Market Value
| 002168 Stock | 2.22 0.02 0.91% |
| Symbol | Shenzhen |
Shenzhen Hifuture '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 Hifuture'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 Hifuture.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Shenzhen Hifuture on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Hifuture Electric or generate 0.0% return on investment in Shenzhen Hifuture over 90 days. Shenzhen Hifuture is related to or competes with Xinxiang Chemical, Yueyang Xingchang, Ningbo Bohui, Guangzhou Restaurants, North Chemical, Hengyi Petrochemical, and Zhengzhou Coal. Shenzhen Hifuture is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Hifuture 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 Hifuture'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 Hifuture Electric upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.22 | |||
| Value At Risk | (5.08) | |||
| Potential Upside | 4.96 |
Shenzhen Hifuture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Hifuture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Hifuture's standard deviation. In reality, there are many statistical measures that can use Shenzhen Hifuture historical prices to predict the future Shenzhen Hifuture's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | 0.0256 | |||
| Treynor Ratio | (2.49) |
Shenzhen Hifuture Backtested Returns
Shenzhen Hifuture owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.26, which indicates the firm had a -0.26 % return per unit of risk over the last 3 months. Shenzhen Hifuture Electric exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenzhen Hifuture's Coefficient Of Variation of (891.99), risk adjusted performance of (0.09), and Variance of 7.35 to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shenzhen Hifuture's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Hifuture is expected to be smaller as well. At this point, Shenzhen Hifuture has a negative expected return of -0.64%. Please make sure to validate Shenzhen Hifuture's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Shenzhen Hifuture performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
Shenzhen Hifuture Electric has very good predictability. Overlapping area represents the amount of predictability between Shenzhen Hifuture time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Shenzhen Hifuture price movement. The serial correlation of 0.84 indicates that around 84.0% of current Shenzhen Hifuture price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Shenzhen Hifuture lagged returns against current returns
Autocorrelation, which is Shenzhen Hifuture 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 Hifuture's stock expected returns. We can calculate the autocorrelation of Shenzhen Hifuture returns to help us make a trade decision. For example, suppose you find that Shenzhen Hifuture 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 Hifuture 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 Hifuture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Hifuture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Hifuture stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Hifuture Lagged Returns
When evaluating Shenzhen Hifuture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Hifuture stock have on its future price. Shenzhen Hifuture 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 Hifuture autocorrelation shows the relationship between Shenzhen Hifuture stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Hifuture Electric.
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 Shenzhen Stock
Shenzhen Hifuture 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 Hifuture security.