Shenzhen Topway (China) Market Value
| 002238 Stock | 10.26 0.04 0.39% |
| Symbol | Shenzhen |
Shenzhen Topway '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 Topway'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 Topway.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Shenzhen Topway on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Shenzhen Topway Video or generate 0.0% return on investment in Shenzhen Topway over 720 days. Shenzhen Topway is related to or competes with Touchstone International, CareRay Digital, Unisplendour Corp, Zhongshan Public, Sino Medical, GKHT Medical, and Jafron Biomedical. Shenzhen Topway is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Topway 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 Topway'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 Topway Video upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.32 | |||
| Information Ratio | 0.1221 | |||
| Maximum Drawdown | 20.06 | |||
| Value At Risk | (6.70) | |||
| Potential Upside | 4.72 |
Shenzhen Topway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Topway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Topway's standard deviation. In reality, there are many statistical measures that can use Shenzhen Topway historical prices to predict the future Shenzhen Topway's volatility.| Risk Adjusted Performance | 0.1302 | |||
| Jensen Alpha | 0.5909 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1027 | |||
| Treynor Ratio | (3.66) |
Shenzhen Topway Video Backtested Returns
Shenzhen Topway appears to be slightly risky, given 3 months investment horizon. Shenzhen Topway Video owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting Shenzhen Topway's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please review Shenzhen Topway's Coefficient Of Variation of 625.26, semi deviation of 3.68, and Risk Adjusted Performance of 0.1302 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Topway holds a performance score of 14. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shenzhen Topway are expected to decrease at a much lower rate. During the bear market, Shenzhen Topway is likely to outperform the market. Please check Shenzhen Topway's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen Topway's existing price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Shenzhen Topway Video has insignificant predictability. Overlapping area represents the amount of predictability between Shenzhen Topway time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Shenzhen Topway Video price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Shenzhen Topway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 5.09 |
Shenzhen Topway Video lagged returns against current returns
Autocorrelation, which is Shenzhen Topway 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 Topway's stock expected returns. We can calculate the autocorrelation of Shenzhen Topway returns to help us make a trade decision. For example, suppose you find that Shenzhen Topway 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 Topway 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 Topway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Topway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Topway stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Topway Lagged Returns
When evaluating Shenzhen Topway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Topway stock have on its future price. Shenzhen Topway 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 Topway autocorrelation shows the relationship between Shenzhen Topway stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Topway Video.
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 Topway 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 Topway security.