Shenzhen Sunway (China) Market Value
| 300136 Stock | 25.58 0.28 1.11% |
| Symbol | Shenzhen |
Shenzhen Sunway '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 Sunway'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 Sunway.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Shenzhen Sunway on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Shenzhen Sunway Communication or generate 0.0% return on investment in Shenzhen Sunway over 720 days. Shenzhen Sunway is related to or competes with Anhui Gujing, Maccura Biotechnology, Jinsanjiang Silicon, Ningbo MedicalSystem, Hengerda New, Chongqing Sulian, and Zhejiang Xiantong. Shenzhen Sunway is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Sunway 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 Sunway'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 Sunway Communication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.9 | |||
| Information Ratio | 0.1419 | |||
| Maximum Drawdown | 33.82 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 6.68 |
Shenzhen Sunway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Sunway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Sunway's standard deviation. In reality, there are many statistical measures that can use Shenzhen Sunway historical prices to predict the future Shenzhen Sunway's volatility.| Risk Adjusted Performance | 0.126 | |||
| Jensen Alpha | 0.6752 | |||
| Total Risk Alpha | 0.5748 | |||
| Sortino Ratio | 0.1717 | |||
| Treynor Ratio | 1.01 |
Shenzhen Sunway Comm Backtested Returns
Shenzhen Sunway appears to be not too volatile, given 3 months investment horizon. Shenzhen Sunway Comm owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Shenzhen Sunway's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Shenzhen Sunway's Coefficient Of Variation of 675.4, semi deviation of 3.41, and Risk Adjusted Performance of 0.126 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Sunway holds a performance score of 11. The entity has a beta of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shenzhen Sunway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Sunway is expected to be smaller as well. Please check Shenzhen Sunway's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shenzhen Sunway's existing price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Shenzhen Sunway Communication has good predictability. Overlapping area represents the amount of predictability between Shenzhen Sunway time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Sunway Comm price movement. The serial correlation of 0.74 indicates that around 74.0% of current Shenzhen Sunway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 9.9 |
Shenzhen Sunway Comm lagged returns against current returns
Autocorrelation, which is Shenzhen Sunway 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 Sunway's stock expected returns. We can calculate the autocorrelation of Shenzhen Sunway returns to help us make a trade decision. For example, suppose you find that Shenzhen Sunway 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 Sunway 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 Sunway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Sunway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Sunway stock over time.
Current vs Lagged Prices |
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Shenzhen Sunway Lagged Returns
When evaluating Shenzhen Sunway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Sunway stock have on its future price. Shenzhen Sunway 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 Sunway autocorrelation shows the relationship between Shenzhen Sunway stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Sunway Communication.
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 Sunway 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 Sunway security.