Shenzhen Aisidi (China) Market Value
| 002416 Stock | 16.05 0.31 1.89% |
| Symbol | Shenzhen |
Shenzhen Aisidi '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 Aisidi'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 Aisidi.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Shenzhen Aisidi on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhen Aisidi Co or generate 0.0% return on investment in Shenzhen Aisidi over 390 days. Shenzhen Aisidi is related to or competes with Postal Savings, Jiangsu Yueda, Hangzhou Gaoxin, Hubei Geoway, Tieling Newcity, King Strong, and China Railway. Shenzhen Aisidi is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Aisidi 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 Aisidi'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 Aisidi Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.3 | |||
| Information Ratio | 0.1632 | |||
| Maximum Drawdown | 20.04 | |||
| Value At Risk | (6.91) | |||
| Potential Upside | 10.01 |
Shenzhen Aisidi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Aisidi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Aisidi's standard deviation. In reality, there are many statistical measures that can use Shenzhen Aisidi historical prices to predict the future Shenzhen Aisidi's volatility.| Risk Adjusted Performance | 0.1439 | |||
| Jensen Alpha | 1.06 | |||
| Total Risk Alpha | 0.2138 | |||
| Sortino Ratio | 0.1841 | |||
| Treynor Ratio | (0.56) |
Shenzhen Aisidi Backtested Returns
Shenzhen Aisidi is somewhat reliable given 3 months investment horizon. Shenzhen Aisidi 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. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use Shenzhen Aisidi Risk Adjusted Performance of 0.1439, coefficient of variation of 536.7, and Semi Deviation of 3.62 to evaluate company specific risk that cannot be diversified away. Shenzhen Aisidi holds a performance score of 17 on a scale of zero to a hundred. The entity has a beta of -1.6, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Shenzhen Aisidi are expected to decrease by larger amounts. On the other hand, during market turmoil, Shenzhen Aisidi is expected to outperform it. Use Shenzhen Aisidi downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on Shenzhen Aisidi.
Auto-correlation | 0.57 |
Modest predictability
Shenzhen Aisidi Co has modest predictability. Overlapping area represents the amount of predictability between Shenzhen Aisidi time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Aisidi price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Shenzhen Aisidi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 8.82 |
Shenzhen Aisidi lagged returns against current returns
Autocorrelation, which is Shenzhen Aisidi 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 Aisidi's stock expected returns. We can calculate the autocorrelation of Shenzhen Aisidi returns to help us make a trade decision. For example, suppose you find that Shenzhen Aisidi 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 Aisidi 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 Aisidi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Aisidi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Aisidi stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Aisidi Lagged Returns
When evaluating Shenzhen Aisidi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Aisidi stock have on its future price. Shenzhen Aisidi 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 Aisidi autocorrelation shows the relationship between Shenzhen Aisidi stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Aisidi Co.
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 Aisidi 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 Aisidi security.