Songz Automobile (China) Market Value
| 002454 Stock | 6.87 0.07 1.01% |
| Symbol | Songz |
Songz Automobile '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 Songz Automobile'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 Songz Automobile.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Songz Automobile on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Songz Automobile Air or generate 0.0% return on investment in Songz Automobile over 180 days. Songz Automobile is related to or competes with Ming Yang, Shandong Ruifeng, Inner Mongolia, Shanghai Zhangjiang, 3onedata, Hubei Radio, and Shenzhen Shenbao. Songz Automobile is entity of China. It is traded as Stock on SHE exchange. More
Songz Automobile 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 Songz Automobile'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 Songz Automobile Air upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.0931 | |||
| Maximum Drawdown | 15.98 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 4.14 |
Songz Automobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Songz Automobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Songz Automobile's standard deviation. In reality, there are many statistical measures that can use Songz Automobile historical prices to predict the future Songz Automobile's volatility.| Risk Adjusted Performance | 0.1165 | |||
| Jensen Alpha | 0.3987 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1005 | |||
| Treynor Ratio | (0.82) |
Songz Automobile Air Backtested Returns
Songz Automobile appears to be slightly risky, given 3 months investment horizon. Songz Automobile Air 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. We have found twenty-eight technical indicators for Songz Automobile Air, which you can use to evaluate the volatility of the company. Please review Songz Automobile's Semi Deviation of 2.1, risk adjusted performance of 0.1165, and Coefficient Of Variation of 699.38 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Songz Automobile holds a performance score of 12. The entity has a beta of -0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Songz Automobile are expected to decrease at a much lower rate. During the bear market, Songz Automobile is likely to outperform the market. Please check Songz Automobile's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Songz Automobile's existing price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Songz Automobile Air has poor reverse predictability. Overlapping area represents the amount of predictability between Songz Automobile time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 Songz Automobile Air price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Songz Automobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Songz Automobile Air lagged returns against current returns
Autocorrelation, which is Songz Automobile 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 Songz Automobile's stock expected returns. We can calculate the autocorrelation of Songz Automobile returns to help us make a trade decision. For example, suppose you find that Songz Automobile 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 |
Songz Automobile 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 Songz Automobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Songz Automobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Songz Automobile stock over time.
Current vs Lagged Prices |
| Timeline |
Songz Automobile Lagged Returns
When evaluating Songz Automobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Songz Automobile stock have on its future price. Songz Automobile 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, Songz Automobile autocorrelation shows the relationship between Songz Automobile stock current value and its past values and can show if there is a momentum factor associated with investing in Songz Automobile Air.
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 Songz Stock
Songz Automobile financial ratios help investors to determine whether Songz 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 Songz with respect to the benefits of owning Songz Automobile security.