Suzhou Dongshan (China) Market Value
| 002384 Stock | 27.56 0.04 0.15% |
| Symbol | Suzhou |
Suzhou Dongshan '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 Suzhou Dongshan'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 Suzhou Dongshan.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Suzhou Dongshan on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Suzhou Dongshan Precision or generate 0.0% return on investment in Suzhou Dongshan over 30 days. Suzhou Dongshan is related to or competes with Hunan TV, Shenzhen RoadRover, Guizhou BroadcastingTV, Tianjin Ruixin, Maxvision Technology, and Xinjiang Beixin. Suzhou Dongshan is entity of China. It is traded as Stock on SHE exchange. More
Suzhou Dongshan 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 Suzhou Dongshan'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 Suzhou Dongshan Precision upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.98 | |||
| Information Ratio | 0.1005 | |||
| Maximum Drawdown | 19.44 | |||
| Value At Risk | (6.03) | |||
| Potential Upside | 8.02 |
Suzhou Dongshan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suzhou Dongshan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suzhou Dongshan's standard deviation. In reality, there are many statistical measures that can use Suzhou Dongshan historical prices to predict the future Suzhou Dongshan's volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 0.5318 | |||
| Total Risk Alpha | 0.1491 | |||
| Sortino Ratio | 0.1106 | |||
| Treynor Ratio | (0.84) |
Suzhou Dongshan Precision Backtested Returns
Suzhou Dongshan appears to be not too volatile, given 3 months investment horizon. Suzhou Dongshan Precision owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. By inspecting Suzhou Dongshan's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please review Suzhou Dongshan's Risk Adjusted Performance of 0.0924, coefficient of variation of 862.53, and Semi Deviation of 3.55 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Suzhou Dongshan holds a performance score of 12. The entity has a beta of -0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Suzhou Dongshan are expected to decrease at a much lower rate. During the bear market, Suzhou Dongshan is likely to outperform the market. Please check Suzhou Dongshan's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Suzhou Dongshan's existing price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Suzhou Dongshan Precision has very good reverse predictability. Overlapping area represents the amount of predictability between Suzhou Dongshan time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 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 Suzhou Dongshan Precision price movement. The serial correlation of -0.69 indicates that around 69.0% of current Suzhou Dongshan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Suzhou Dongshan Precision lagged returns against current returns
Autocorrelation, which is Suzhou Dongshan 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 Suzhou Dongshan's stock expected returns. We can calculate the autocorrelation of Suzhou Dongshan returns to help us make a trade decision. For example, suppose you find that Suzhou Dongshan 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 |
Suzhou Dongshan 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 Suzhou Dongshan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suzhou Dongshan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suzhou Dongshan stock over time.
Current vs Lagged Prices |
| Timeline |
Suzhou Dongshan Lagged Returns
When evaluating Suzhou Dongshan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suzhou Dongshan stock have on its future price. Suzhou Dongshan 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, Suzhou Dongshan autocorrelation shows the relationship between Suzhou Dongshan stock current value and its past values and can show if there is a momentum factor associated with investing in Suzhou Dongshan Precision.
Regressed Prices |
| Timeline |
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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 Suzhou Stock
Suzhou Dongshan financial ratios help investors to determine whether Suzhou 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 Suzhou with respect to the benefits of owning Suzhou Dongshan security.