Shandong Ruifeng (China) Market Value
| 300243 Stock | 11.00 0.01 0.09% |
| Symbol | Shandong |
Shandong Ruifeng '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 Ruifeng'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 Ruifeng.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Shandong Ruifeng on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Ruifeng Chemical or generate 0.0% return on investment in Shandong Ruifeng over 180 days. Shandong Ruifeng is related to or competes with Zotye Automobile, Yingde Greatchem, Zhongshan Public, Songz Automobile, and Guangzhou Haige. Shandong Ruifeng is entity of China. It is traded as Stock on SHE exchange. More
Shandong Ruifeng 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 Ruifeng'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 Ruifeng Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.26 | |||
| Information Ratio | 0.1047 | |||
| Maximum Drawdown | 31.77 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 10.41 |
Shandong Ruifeng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Ruifeng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Ruifeng's standard deviation. In reality, there are many statistical measures that can use Shandong Ruifeng historical prices to predict the future Shandong Ruifeng's volatility.| Risk Adjusted Performance | 0.1102 | |||
| Jensen Alpha | 0.7548 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.1189 | |||
| Treynor Ratio | (0.67) |
Shandong Ruifeng Chemical Backtested Returns
Shandong Ruifeng appears to be slightly risky, given 3 months investment horizon. Shandong Ruifeng Chemical 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 Shandong Ruifeng's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please review Shandong Ruifeng's Coefficient Of Variation of 751.17, risk adjusted performance of 0.1102, and Semi Deviation of 3.62 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Ruifeng holds a performance score of 11. The entity has a beta of -0.94, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Shandong Ruifeng are expected to decrease slowly. On the other hand, during market turmoil, Shandong Ruifeng is expected to outperform it slightly. Please check Shandong Ruifeng's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shandong Ruifeng's existing price patterns will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Shandong Ruifeng Chemical has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Shandong Ruifeng time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Shandong Ruifeng Chemical price movement. The serial correlation of -0.77 indicates that around 77.0% of current Shandong Ruifeng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 3.78 |
Shandong Ruifeng Chemical lagged returns against current returns
Autocorrelation, which is Shandong Ruifeng 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 Ruifeng's stock expected returns. We can calculate the autocorrelation of Shandong Ruifeng returns to help us make a trade decision. For example, suppose you find that Shandong Ruifeng 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 |
Shandong Ruifeng 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 Ruifeng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Ruifeng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Ruifeng stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Ruifeng Lagged Returns
When evaluating Shandong Ruifeng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Ruifeng stock have on its future price. Shandong Ruifeng 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 Ruifeng autocorrelation shows the relationship between Shandong Ruifeng stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Ruifeng 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.Other Information on Investing in Shandong Stock
Shandong Ruifeng 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 Ruifeng security.