Shenzhen MYS (China) Market Value
| 002303 Stock | 3.75 0.04 1.06% |
| Symbol | Shenzhen |
Shenzhen MYS '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 MYS'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 MYS.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Shenzhen MYS on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhen MYS Environmental or generate 0.0% return on investment in Shenzhen MYS over 360 days. Shenzhen MYS is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Shenzhen MYS is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen MYS 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 MYS'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 MYS Environmental upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.83 | |||
| Information Ratio | 0.1657 | |||
| Maximum Drawdown | 20.06 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 7.25 |
Shenzhen MYS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen MYS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen MYS's standard deviation. In reality, there are many statistical measures that can use Shenzhen MYS historical prices to predict the future Shenzhen MYS's volatility.| Risk Adjusted Performance | 0.1644 | |||
| Jensen Alpha | 0.7617 | |||
| Total Risk Alpha | 0.1233 | |||
| Sortino Ratio | 0.1522 | |||
| Treynor Ratio | (1.77) |
Shenzhen MYS Environ Backtested Returns
Shenzhen MYS appears to be unstable, given 3 months investment horizon. Shenzhen MYS Environ owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. By inspecting Shenzhen MYS's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please review Shenzhen MYS's Coefficient Of Variation of 488.19, risk adjusted performance of 0.1644, and Semi Deviation of 2.99 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen MYS holds a performance score of 17. The entity has a beta of -0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen MYS are expected to decrease at a much lower rate. During the bear market, Shenzhen MYS is likely to outperform the market. Please check Shenzhen MYS's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen MYS's existing price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Shenzhen MYS Environmental has weak reverse predictability. Overlapping area represents the amount of predictability between Shenzhen MYS time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 MYS Environ price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Shenzhen MYS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Shenzhen MYS Environ lagged returns against current returns
Autocorrelation, which is Shenzhen MYS 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 MYS's stock expected returns. We can calculate the autocorrelation of Shenzhen MYS returns to help us make a trade decision. For example, suppose you find that Shenzhen MYS 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 MYS 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 MYS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen MYS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen MYS stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen MYS Lagged Returns
When evaluating Shenzhen MYS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen MYS stock have on its future price. Shenzhen MYS 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 MYS autocorrelation shows the relationship between Shenzhen MYS stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen MYS Environmental.
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 MYS 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 MYS security.