Sunwoda Electronic (China) Market Value
| 300207 Stock | 22.74 0.09 0.40% |
| Symbol | Sunwoda |
Sunwoda Electronic '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 Sunwoda Electronic'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 Sunwoda Electronic.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Sunwoda Electronic on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Sunwoda Electronic or generate 0.0% return on investment in Sunwoda Electronic over 720 days. Sunwoda Electronic is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Sunwoda Electronic is entity of China. It is traded as Stock on SHE exchange. More
Sunwoda Electronic 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 Sunwoda Electronic'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 Sunwoda Electronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.86 | |||
| Information Ratio | 0.1212 | |||
| Maximum Drawdown | 35.81 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 6.11 |
Sunwoda Electronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunwoda Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunwoda Electronic's standard deviation. In reality, there are many statistical measures that can use Sunwoda Electronic historical prices to predict the future Sunwoda Electronic's volatility.| Risk Adjusted Performance | 0.1066 | |||
| Jensen Alpha | 0.6215 | |||
| Total Risk Alpha | 0.2561 | |||
| Sortino Ratio | 0.1498 | |||
| Treynor Ratio | 2.55 |
Sunwoda Electronic Backtested Returns
Sunwoda Electronic appears to be not too volatile, given 3 months investment horizon. Sunwoda Electronic owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Sunwoda Electronic's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please review Sunwoda Electronic's Semi Deviation of 3.19, risk adjusted performance of 0.1066, and Coefficient Of Variation of 738.59 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sunwoda Electronic holds a performance score of 12. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sunwoda Electronic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunwoda Electronic is expected to be smaller as well. Please check Sunwoda Electronic's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sunwoda Electronic's existing price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Sunwoda Electronic has good reverse predictability. Overlapping area represents the amount of predictability between Sunwoda Electronic time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Sunwoda Electronic price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Sunwoda Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 13.52 |
Sunwoda Electronic lagged returns against current returns
Autocorrelation, which is Sunwoda Electronic 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 Sunwoda Electronic's stock expected returns. We can calculate the autocorrelation of Sunwoda Electronic returns to help us make a trade decision. For example, suppose you find that Sunwoda Electronic 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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Sunwoda Electronic 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 Sunwoda Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunwoda Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunwoda Electronic stock over time.
Current vs Lagged Prices |
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Sunwoda Electronic Lagged Returns
When evaluating Sunwoda Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunwoda Electronic stock have on its future price. Sunwoda Electronic 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, Sunwoda Electronic autocorrelation shows the relationship between Sunwoda Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Sunwoda Electronic.
Regressed Prices |
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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 Sunwoda Stock
Sunwoda Electronic financial ratios help investors to determine whether Sunwoda 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 Sunwoda with respect to the benefits of owning Sunwoda Electronic security.