Shandong Rike's market value is the price at which a share of Shandong Rike trades on a public exchange. It measures the collective expectations of Shandong Rike Chemical investors about its performance. Shandong Rike is trading at 5.70 as of the 4th of January 2025, a 3.88 percent decrease since the beginning of the trading day. The stock's open price was 5.93. With this module, you can estimate the performance of a buy and hold strategy of Shandong Rike Chemical and determine expected loss or profit from investing in Shandong Rike over a given investment horizon. Check out Shandong Rike Correlation, Shandong Rike Volatility and Shandong Rike Alpha and Beta module to complement your research on Shandong Rike.
Please note, there is a significant difference between Shandong Rike's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shandong Rike is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shandong Rike's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Shandong Rike '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 Shandong Rike'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 Shandong Rike.
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11/05/2024
No Change 0.00
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In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in Shandong Rike on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Rike Chemical or generate 0.0% return on investment in Shandong Rike over 60 days. Shandong Rike is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Shandong Rike is entity of China. It is traded as Stock on SHE exchange. More
Shandong Rike 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 Shandong Rike'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 Shandong Rike Chemical upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Rike's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Rike's standard deviation. In reality, there are many statistical measures that can use Shandong Rike historical prices to predict the future Shandong Rike's volatility.
At this point, Shandong Rike is moderately volatile. Shandong Rike Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0034, which indicates the firm had a 0.0034% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shandong Rike Chemical, which you can use to evaluate the volatility of the company. Please validate Shandong Rike's Coefficient Of Variation of 1042.56, semi deviation of 3.5, and Risk Adjusted Performance of 0.0857 to confirm if the risk estimate we provide is consistent with the expected return of 0.0118%. The entity has a beta of -0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shandong Rike are expected to decrease at a much lower rate. During the bear market, Shandong Rike is likely to outperform the market. Shandong Rike Chemical right now has a risk of 3.42%. Please validate Shandong Rike market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Shandong Rike will be following its existing price patterns.
Auto-correlation
-0.3
Weak reverse predictability
Shandong Rike Chemical has weak reverse predictability. Overlapping area represents the amount of predictability between Shandong Rike time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Shandong Rike Chemical price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Shandong Rike price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.3
Spearman Rank Test
-0.17
Residual Average
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Price Variance
0.09
Shandong Rike Chemical lagged returns against current returns
Autocorrelation, which is Shandong Rike 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 Shandong Rike's stock expected returns. We can calculate the autocorrelation of Shandong Rike returns to help us make a trade decision. For example, suppose you find that Shandong Rike 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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Shandong Rike 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 Shandong Rike stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Rike stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Rike stock over time.
Current vs Lagged Prices
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Shandong Rike Lagged Returns
When evaluating Shandong Rike's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Rike stock have on its future price. Shandong Rike 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, Shandong Rike autocorrelation shows the relationship between Shandong Rike stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Rike Chemical.
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.
Shandong Rike financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Rike security.