Shandong Himile (China) Market Value
| 002595 Stock | 43.70 0.17 0.39% |
| Symbol | Shandong |
Shandong Himile '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 Himile'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 Himile.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Shandong Himile on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Himile Mechanical or generate 0.0% return on investment in Shandong Himile over 30 days. Shandong Himile is related to or competes with Guangzhou Seagull, China Aluminum, Tsingtao Brewery, Eastroc Beverage, Shenzhen Topway, Chongqing Shunbo, and Beijing Yanjing. Shandong Himile is entity of China. It is traded as Stock on SHE exchange. More
Shandong Himile 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 Himile'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 Himile Mechanical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.0308 | |||
| Maximum Drawdown | 13.19 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.98 |
Shandong Himile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Himile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Himile's standard deviation. In reality, there are many statistical measures that can use Shandong Himile historical prices to predict the future Shandong Himile's volatility.| Risk Adjusted Performance | 0.0681 | |||
| Jensen Alpha | 0.2002 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.039 | |||
| Treynor Ratio | (0.49) |
Shandong Himile Mech Backtested Returns
At this point, Shandong Himile is very steady. Shandong Himile Mech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0498, which indicates the firm had a 0.0498% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shandong Himile Mechanical, which you can use to evaluate the volatility of the company. Please validate Shandong Himile's Semi Deviation of 1.41, coefficient of variation of 1178.2, and Risk Adjusted Performance of 0.0681 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Shandong Himile has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shandong Himile are expected to decrease at a much lower rate. During the bear market, Shandong Himile is likely to outperform the market. Shandong Himile Mech right now has a risk of 2.11%. Please validate Shandong Himile 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 Himile will be following its existing price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Shandong Himile Mechanical has weak reverse predictability. Overlapping area represents the amount of predictability between Shandong Himile time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Shandong Himile Mech price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Shandong Himile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Shandong Himile Mech lagged returns against current returns
Autocorrelation, which is Shandong Himile 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 Himile's stock expected returns. We can calculate the autocorrelation of Shandong Himile returns to help us make a trade decision. For example, suppose you find that Shandong Himile 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 Himile 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 Himile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Himile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Himile stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Himile Lagged Returns
When evaluating Shandong Himile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Himile stock have on its future price. Shandong Himile 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 Himile autocorrelation shows the relationship between Shandong Himile stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Himile Mechanical.
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 Shandong Stock
Shandong Himile 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 Himile security.