Shenzhen Genvict (China) Market Value
| 002869 Stock | 28.54 0.15 0.53% |
| Symbol | Shenzhen |
Shenzhen Genvict '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 Genvict'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 Genvict.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Shenzhen Genvict on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Genvict Technologies or generate 0.0% return on investment in Shenzhen Genvict over 180 days. Shenzhen Genvict is related to or competes with Ningxia Younglight, 360 Security, Northking Information, Dongguan Aohai, Hubei Xingfa, and Shanghai CEO. Shenzhen Genvict is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Genvict 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 Genvict'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 Genvict Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.74 | |||
| Information Ratio | 0.0448 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (5.37) | |||
| Potential Upside | 7.53 |
Shenzhen Genvict Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Genvict's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Genvict's standard deviation. In reality, there are many statistical measures that can use Shenzhen Genvict historical prices to predict the future Shenzhen Genvict's volatility.| Risk Adjusted Performance | 0.0664 | |||
| Jensen Alpha | 0.3325 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0479 | |||
| Treynor Ratio | (0.89) |
Shenzhen Genvict Tec Backtested Returns
Shenzhen Genvict appears to be not too volatile, given 3 months investment horizon. Shenzhen Genvict Tec owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0952, which indicates the firm had a 0.0952% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shenzhen Genvict Technologies, which you can use to evaluate the volatility of the company. Please review Shenzhen Genvict's Coefficient Of Variation of 1314.08, risk adjusted performance of 0.0664, and Semi Deviation of 3.48 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Genvict holds a performance score of 7. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen Genvict are expected to decrease at a much lower rate. During the bear market, Shenzhen Genvict is likely to outperform the market. Please check Shenzhen Genvict's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shenzhen Genvict's existing price patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Shenzhen Genvict Technologies has insignificant predictability. Overlapping area represents the amount of predictability between Shenzhen Genvict time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 Genvict Tec price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Shenzhen Genvict price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 14.91 |
Shenzhen Genvict Tec lagged returns against current returns
Autocorrelation, which is Shenzhen Genvict 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 Genvict's stock expected returns. We can calculate the autocorrelation of Shenzhen Genvict returns to help us make a trade decision. For example, suppose you find that Shenzhen Genvict 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 |
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Shenzhen Genvict 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 Genvict stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Genvict stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Genvict stock over time.
Current vs Lagged Prices |
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Shenzhen Genvict Lagged Returns
When evaluating Shenzhen Genvict's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Genvict stock have on its future price. Shenzhen Genvict 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 Genvict autocorrelation shows the relationship between Shenzhen Genvict stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Genvict Technologies.
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 Shenzhen Stock
Shenzhen Genvict 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 Genvict security.