Shenzhen Zhongzhuang (China) Market Value
| 002822 Stock | 4.05 0.06 1.46% |
| Symbol | Shenzhen |
Shenzhen Zhongzhuang '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 Zhongzhuang'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 Zhongzhuang.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Shenzhen Zhongzhuang on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Zhongzhuang Construction or generate 0.0% return on investment in Shenzhen Zhongzhuang over 30 days. Shenzhen Zhongzhuang is related to or competes with Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, Shanghai Zhangjiang, and 3onedata. Shenzhen Zhongzhuang is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Zhongzhuang 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 Zhongzhuang'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 Zhongzhuang Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.37 | |||
| Information Ratio | 0.3761 | |||
| Maximum Drawdown | 10.33 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 5.18 |
Shenzhen Zhongzhuang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Zhongzhuang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Zhongzhuang's standard deviation. In reality, there are many statistical measures that can use Shenzhen Zhongzhuang historical prices to predict the future Shenzhen Zhongzhuang's volatility.| Risk Adjusted Performance | 0.3271 | |||
| Jensen Alpha | 1.33 | |||
| Total Risk Alpha | 0.817 | |||
| Sortino Ratio | 0.3682 | |||
| Treynor Ratio | 4.86 |
Shenzhen Zhongzhuang Backtested Returns
Shenzhen Zhongzhuang is relatively risky given 3 months investment horizon. Shenzhen Zhongzhuang owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.42, which indicates the firm had a 0.42% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.38% are justified by taking the suggested risk. Use Shenzhen Zhongzhuang Risk Adjusted Performance of 0.3271, semi deviation of 2.27, and Coefficient Of Variation of 239.34 to evaluate company specific risk that cannot be diversified away. Shenzhen Zhongzhuang holds a performance score of 33 on a scale of zero to a hundred. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shenzhen Zhongzhuang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Zhongzhuang is expected to be smaller as well. Use Shenzhen Zhongzhuang mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Shenzhen Zhongzhuang.
Auto-correlation | 0.88 |
Very good predictability
Shenzhen Zhongzhuang Construction has very good predictability. Overlapping area represents the amount of predictability between Shenzhen Zhongzhuang time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Shenzhen Zhongzhuang price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Shenzhen Zhongzhuang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Shenzhen Zhongzhuang lagged returns against current returns
Autocorrelation, which is Shenzhen Zhongzhuang 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 Zhongzhuang's stock expected returns. We can calculate the autocorrelation of Shenzhen Zhongzhuang returns to help us make a trade decision. For example, suppose you find that Shenzhen Zhongzhuang 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 Zhongzhuang 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 Zhongzhuang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Zhongzhuang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Zhongzhuang stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Zhongzhuang Lagged Returns
When evaluating Shenzhen Zhongzhuang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Zhongzhuang stock have on its future price. Shenzhen Zhongzhuang 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 Zhongzhuang autocorrelation shows the relationship between Shenzhen Zhongzhuang stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Zhongzhuang Construction.
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 Shenzhen Stock
Shenzhen Zhongzhuang 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 Zhongzhuang security.