Shenzhen MTC (China) Market Value
| 002429 Stock | 5.16 0.04 0.78% |
| Symbol | Shenzhen |
Shenzhen MTC '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 MTC'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 MTC.
| 02/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Shenzhen MTC on February 12, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhen MTC Co or generate 0.0% return on investment in Shenzhen MTC over 660 days. Shenzhen MTC is related to or competes with Biwin Storage, China Construction, Agricultural Bank, China Mobile, and Ping An. Shenzhen MTC is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen MTC 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 MTC'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 MTC Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0313 | |||
| Maximum Drawdown | 14.22 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 4.64 |
Shenzhen MTC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen MTC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen MTC's standard deviation. In reality, there are many statistical measures that can use Shenzhen MTC historical prices to predict the future Shenzhen MTC's volatility.| Risk Adjusted Performance | 0.0635 | |||
| Jensen Alpha | 0.2513 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.034 | |||
| Treynor Ratio | (0.53) |
Shenzhen MTC Backtested Returns
Shenzhen MTC appears to be moderately volatile, given 3 months investment horizon. Shenzhen MTC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0786, which indicates the firm had a 0.0786% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shenzhen MTC Co, which you can use to evaluate the volatility of the company. Please review Shenzhen MTC's Risk Adjusted Performance of 0.0635, semi deviation of 2.43, and Coefficient Of Variation of 1361.25 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen MTC holds a performance score of 6. The entity has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen MTC are expected to decrease at a much lower rate. During the bear market, Shenzhen MTC is likely to outperform the market. Please check Shenzhen MTC'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 MTC's existing price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Shenzhen MTC Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Shenzhen MTC time series from 12th of February 2023 to 8th of January 2024 and 8th of January 2024 to 3rd 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 MTC price movement. The serial correlation of -0.01 indicates that just 1.0% of current Shenzhen MTC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Shenzhen MTC lagged returns against current returns
Autocorrelation, which is Shenzhen MTC 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 MTC's stock expected returns. We can calculate the autocorrelation of Shenzhen MTC returns to help us make a trade decision. For example, suppose you find that Shenzhen MTC 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 MTC 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 MTC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen MTC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen MTC stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen MTC Lagged Returns
When evaluating Shenzhen MTC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen MTC stock have on its future price. Shenzhen MTC 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 MTC autocorrelation shows the relationship between Shenzhen MTC stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen MTC 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 MTC 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 MTC security.