Sinomine Resource (China) Market Value
| 002738 Stock | 37.34 0.44 1.16% |
| Symbol | Sinomine |
Sinomine Resource '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 Sinomine Resource'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 Sinomine Resource.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Sinomine Resource on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Sinomine Resource Exploration or generate 0.0% return on investment in Sinomine Resource over 30 days. Sinomine Resource is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Sinomine Resource is entity of China. It is traded as Stock on SHE exchange. More
Sinomine Resource 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 Sinomine Resource'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 Sinomine Resource Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.1119 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 8.22 |
Sinomine Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinomine Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinomine Resource's standard deviation. In reality, there are many statistical measures that can use Sinomine Resource historical prices to predict the future Sinomine Resource's volatility.| Risk Adjusted Performance | 0.1023 | |||
| Jensen Alpha | 0.477 | |||
| Total Risk Alpha | 0.1781 | |||
| Sortino Ratio | 0.1338 | |||
| Treynor Ratio | (19.25) |
Sinomine Resource Backtested Returns
Sinomine Resource appears to be not too volatile, given 3 months investment horizon. Sinomine Resource owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Sinomine Resource's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review Sinomine Resource's Coefficient Of Variation of 769.35, risk adjusted performance of 0.1023, and Semi Deviation of 2.82 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinomine Resource holds a performance score of 10. The entity has a beta of -0.0247, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sinomine Resource are expected to decrease at a much lower rate. During the bear market, Sinomine Resource is likely to outperform the market. Please check Sinomine Resource's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Sinomine Resource's existing price patterns will revert.
Auto-correlation | 0.26 |
Poor predictability
Sinomine Resource Exploration has poor predictability. Overlapping area represents the amount of predictability between Sinomine Resource time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Sinomine Resource price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Sinomine Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Sinomine Resource lagged returns against current returns
Autocorrelation, which is Sinomine Resource 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 Sinomine Resource's stock expected returns. We can calculate the autocorrelation of Sinomine Resource returns to help us make a trade decision. For example, suppose you find that Sinomine Resource 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 |
Sinomine Resource 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 Sinomine Resource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinomine Resource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinomine Resource stock over time.
Current vs Lagged Prices |
| Timeline |
Sinomine Resource Lagged Returns
When evaluating Sinomine Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinomine Resource stock have on its future price. Sinomine Resource 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, Sinomine Resource autocorrelation shows the relationship between Sinomine Resource stock current value and its past values and can show if there is a momentum factor associated with investing in Sinomine Resource Exploration.
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 Sinomine Stock
Sinomine Resource financial ratios help investors to determine whether Sinomine 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 Sinomine with respect to the benefits of owning Sinomine Resource security.