Shenzhen Shenbao (China) Market Value
| 200019 Stock | 3.36 0.02 0.60% |
| Symbol | Shenzhen |
Shenzhen Shenbao '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 Shenbao'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 Shenbao.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Shenzhen Shenbao on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Shenbao Industrial or generate 0.0% return on investment in Shenzhen Shenbao over 30 days. Shenzhen Shenbao is related to or competes with Suzhou Douson, Juneyao Airlines, GRIPM Advanced, Ningbo Tip, Spring Airlines, Shenwu Energy, and Advanced Technology. Shenzhen Shenbao is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Shenbao 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 Shenbao'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 Shenbao Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.53 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.45 |
Shenzhen Shenbao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Shenbao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Shenbao's standard deviation. In reality, there are many statistical measures that can use Shenzhen Shenbao historical prices to predict the future Shenzhen Shenbao's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.3043 |
Shenzhen Shenbao Ind Backtested Returns
Shenzhen Shenbao Ind owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0782, which indicates the firm had a -0.0782 % return per unit of risk over the last 3 months. Shenzhen Shenbao Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenzhen Shenbao's Coefficient Of Variation of (3,994), risk adjusted performance of (0.02), and Variance of 0.8342 to confirm the risk estimate we provide. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shenzhen Shenbao are expected to decrease at a much lower rate. During the bear market, Shenzhen Shenbao is likely to outperform the market. At this point, Shenzhen Shenbao Ind has a negative expected return of -0.0658%. Please make sure to validate Shenzhen Shenbao's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Shenzhen Shenbao Ind performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Shenzhen Shenbao Industrial has weak reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Shenbao time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th 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 Shenbao Ind price movement. The serial correlation of -0.23 indicates that over 23.0% of current Shenzhen Shenbao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shenzhen Shenbao Ind lagged returns against current returns
Autocorrelation, which is Shenzhen Shenbao 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 Shenbao's stock expected returns. We can calculate the autocorrelation of Shenzhen Shenbao returns to help us make a trade decision. For example, suppose you find that Shenzhen Shenbao 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 Shenbao 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 Shenbao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Shenbao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Shenbao stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Shenbao Lagged Returns
When evaluating Shenzhen Shenbao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Shenbao stock have on its future price. Shenzhen Shenbao 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 Shenbao autocorrelation shows the relationship between Shenzhen Shenbao stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Shenbao Industrial.
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 Shenbao 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 Shenbao security.