Shenzhen Silver's market value is the price at which a share of Shenzhen Silver trades on a public exchange. It measures the collective expectations of Shenzhen Silver Basis investors about its performance. Shenzhen Silver is trading at 9.37 as of the 19th of January 2025, a 3.8 percent decrease since the beginning of the trading day. The stock's open price was 9.74. With this module, you can estimate the performance of a buy and hold strategy of Shenzhen Silver Basis and determine expected loss or profit from investing in Shenzhen Silver over a given investment horizon. Check out Shenzhen Silver Correlation, Shenzhen Silver Volatility and Shenzhen Silver Alpha and Beta module to complement your research on Shenzhen Silver.
Please note, there is a significant difference between Shenzhen Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shenzhen Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shenzhen Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Shenzhen Silver '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 Silver'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 Silver.
0.00
01/30/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
01/19/2025
0.00
If you would invest 0.00 in Shenzhen Silver on January 30, 2023 and sell it all today you would earn a total of 0.00 from holding Shenzhen Silver Basis or generate 0.0% return on investment in Shenzhen Silver over 720 days. Shenzhen Silver is related to or competes with Runjian Communication, Tsingtao Brewery, Eastroc Beverage, Jiangsu Yanghe, Anhui Jianghuai, Cansino Biologics, and Gansu Huangtai. Shenzhen Silver is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Silver 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 Silver'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 Silver Basis upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Silver's standard deviation. In reality, there are many statistical measures that can use Shenzhen Silver historical prices to predict the future Shenzhen Silver's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shenzhen Silver. Your research has to be compared to or analyzed against Shenzhen Silver's peers to derive any actionable benefits. When done correctly, Shenzhen Silver's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Shenzhen Silver Basis.
Shenzhen Silver Basis Backtested Returns
Shenzhen Silver Basis owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0496, which indicates the firm had a -0.0496% return per unit of risk over the last 3 months. Shenzhen Silver Basis exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenzhen Silver's Risk Adjusted Performance of (0.04), coefficient of variation of (1,814), and Variance of 14.65 to confirm the risk estimate we provide. The entity has a beta of -0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen Silver are expected to decrease at a much lower rate. During the bear market, Shenzhen Silver is likely to outperform the market. At this point, Shenzhen Silver Basis has a negative expected return of -0.19%. Please make sure to validate Shenzhen Silver's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Shenzhen Silver Basis performance from the past will be repeated at some point in the near future.
Auto-correlation
0.18
Very weak predictability
Shenzhen Silver Basis has very weak predictability. Overlapping area represents the amount of predictability between Shenzhen Silver time series from 30th of January 2023 to 25th of January 2024 and 25th of January 2024 to 19th of January 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 Shenzhen Silver Basis price movement. The serial correlation of 0.18 indicates that over 18.0% of current Shenzhen Silver price fluctuation can be explain by its past prices.
Correlation Coefficient
0.18
Spearman Rank Test
-0.15
Residual Average
0.0
Price Variance
4.71
Shenzhen Silver Basis lagged returns against current returns
Autocorrelation, which is Shenzhen Silver 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 Silver's stock expected returns. We can calculate the autocorrelation of Shenzhen Silver returns to help us make a trade decision. For example, suppose you find that Shenzhen Silver 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 Silver 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 Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Silver stock over time.
Current vs Lagged Prices
Timeline
Shenzhen Silver Lagged Returns
When evaluating Shenzhen Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Silver stock have on its future price. Shenzhen Silver 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 Silver autocorrelation shows the relationship between Shenzhen Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Silver Basis.
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.
Shenzhen Silver 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 Silver security.