Shandong Mining (China) Market Value
| 002526 Stock | 4.41 0.03 0.68% |
| Symbol | Shandong |
Shandong Mining '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 Shandong Mining'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 Shandong Mining.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Shandong Mining on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Mining Machinery or generate 0.0% return on investment in Shandong Mining over 90 days. Shandong Mining is related to or competes with Anhui Transport, Hubeiyichang Transportation, Queclink Wireless, Shanghai Jinfeng, Changchun Engley, Ningbo Fangzheng, and Zhangjiagang Freetrade. More
Shandong Mining 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 Shandong Mining'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 Shandong Mining Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.65 | |||
| Information Ratio | 0.0387 | |||
| Maximum Drawdown | 17.26 | |||
| Value At Risk | (6.30) | |||
| Potential Upside | 9.78 |
Shandong Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Mining's standard deviation. In reality, there are many statistical measures that can use Shandong Mining historical prices to predict the future Shandong Mining's volatility.| Risk Adjusted Performance | 0.0246 | |||
| Jensen Alpha | 0.1336 | |||
| Total Risk Alpha | 0.4943 | |||
| Sortino Ratio | 0.0436 | |||
| Treynor Ratio | 0.0949 |
Shandong Mining Machinery Backtested Returns
At this point, Shandong Mining is relatively risky. Shandong Mining Machinery owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.019, which indicates the firm had a 0.019 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Shandong Mining Machinery, which you can use to evaluate the volatility of the company. Please validate Shandong Mining's Coefficient Of Variation of 5257.92, semi deviation of 3.52, and Risk Adjusted Performance of 0.0246 to confirm if the risk estimate we provide is consistent with the expected return of 0.0783%. Shandong Mining has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shandong Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shandong Mining is expected to be smaller as well. Shandong Mining Machinery right now has a risk of 4.12%. Please validate Shandong Mining market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Shandong Mining will be following its existing price patterns.
Auto-correlation | -0.33 |
Poor reverse predictability
Shandong Mining Machinery has poor reverse predictability. Overlapping area represents the amount of predictability between Shandong Mining time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shandong Mining Machinery price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Shandong Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Shandong Mining Machinery lagged returns against current returns
Autocorrelation, which is Shandong Mining 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 Shandong Mining's stock expected returns. We can calculate the autocorrelation of Shandong Mining returns to help us make a trade decision. For example, suppose you find that Shandong Mining 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 |
Shandong Mining 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 Shandong Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Mining Lagged Returns
When evaluating Shandong Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Mining stock have on its future price. Shandong Mining 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, Shandong Mining autocorrelation shows the relationship between Shandong Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Mining Machinery.
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 Shandong Stock
Shandong Mining financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Mining security.