Shenzhen Everwin (China) Market Value
| 300115 Stock | 17.68 0.06 0.34% |
| Symbol | Shenzhen |
Shenzhen Everwin '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 Everwin'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 Everwin.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Shenzhen Everwin on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Everwin Precision or generate 0.0% return on investment in Shenzhen Everwin over 30 days. Shenzhen Everwin is related to or competes with Anhui Transport, Songz Automobile, Lander Sports, Quectel Wireless, Guangxi Wuzhou, Eastern Communications, and Fibocom Wireless. Shenzhen Everwin is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Everwin 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 Everwin'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 Everwin Precision upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | 0.0971 | |||
| Maximum Drawdown | 19.1 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 5.61 |
Shenzhen Everwin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Everwin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Everwin's standard deviation. In reality, there are many statistical measures that can use Shenzhen Everwin historical prices to predict the future Shenzhen Everwin's volatility.| Risk Adjusted Performance | 0.0956 | |||
| Jensen Alpha | 0.3822 | |||
| Total Risk Alpha | 0.2972 | |||
| Sortino Ratio | 0.1125 | |||
| Treynor Ratio | 1.96 |
Shenzhen Everwin Pre Backtested Returns
Shenzhen Everwin appears to be not too volatile, given 3 months investment horizon. Shenzhen Everwin Pre owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0804, which indicates the firm had a 0.0804 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shenzhen Everwin Precision, which you can use to evaluate the volatility of the company. Please review Shenzhen Everwin's Semi Deviation of 2.99, risk adjusted performance of 0.0956, and Coefficient Of Variation of 952.19 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Everwin holds a performance score of 6. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shenzhen Everwin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Everwin is expected to be smaller as well. Please check Shenzhen Everwin's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shenzhen Everwin's existing price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Shenzhen Everwin Precision has weak reverse predictability. Overlapping area represents the amount of predictability between Shenzhen Everwin time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 Everwin Pre price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Shenzhen Everwin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Shenzhen Everwin Pre lagged returns against current returns
Autocorrelation, which is Shenzhen Everwin 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 Everwin's stock expected returns. We can calculate the autocorrelation of Shenzhen Everwin returns to help us make a trade decision. For example, suppose you find that Shenzhen Everwin 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 Everwin 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 Everwin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Everwin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Everwin stock over time.
Current vs Lagged Prices |
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Shenzhen Everwin Lagged Returns
When evaluating Shenzhen Everwin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Everwin stock have on its future price. Shenzhen Everwin 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 Everwin autocorrelation shows the relationship between Shenzhen Everwin stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Everwin Precision.
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 Everwin 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 Everwin security.