Strait Innovation (China) Market Value
| 300300 Stock | 3.21 0.19 5.59% |
| Symbol | Strait |
Strait Innovation '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 Strait Innovation'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 Strait Innovation.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Strait Innovation on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Strait Innovation Internet or generate 0.0% return on investment in Strait Innovation over 30 days. Strait Innovation is related to or competes with Sunwave Communications, China Express, Eastern Communications, Juneyao Airlines, Zhongtong Guomai, Tongyu Communication, and Hainan Airlines. Strait Innovation is entity of China. It is traded as Stock on SHE exchange. More
Strait Innovation 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 Strait Innovation'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 Strait Innovation Internet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.05 | |||
| Information Ratio | 0.2511 | |||
| Maximum Drawdown | 31.96 | |||
| Value At Risk | (6.51) | |||
| Potential Upside | 6.36 |
Strait Innovation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strait Innovation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strait Innovation's standard deviation. In reality, there are many statistical measures that can use Strait Innovation historical prices to predict the future Strait Innovation's volatility.| Risk Adjusted Performance | 0.2006 | |||
| Jensen Alpha | 1.24 | |||
| Total Risk Alpha | 0.8956 | |||
| Sortino Ratio | 0.243 | |||
| Treynor Ratio | 1.58 |
Strait Innovation Backtested Returns
Strait Innovation is very risky given 3 months investment horizon. Strait Innovation owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.29, which indicates the firm had a 0.29% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.47% are justified by taking the suggested risk. Use Strait Innovation Coefficient Of Variation of 377.38, semi deviation of 3.95, and Risk Adjusted Performance of 0.2006 to evaluate company specific risk that cannot be diversified away. Strait Innovation holds a performance score of 22 on a scale of zero to a hundred. The entity has a beta of 0.81, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Strait Innovation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Strait Innovation is expected to be smaller as well. Use Strait Innovation coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to analyze future returns on Strait Innovation.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Strait Innovation Internet has insignificant reverse predictability. Overlapping area represents the amount of predictability between Strait Innovation time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 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 Strait Innovation price movement. The serial correlation of -0.17 indicates that over 17.0% of current Strait Innovation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Strait Innovation lagged returns against current returns
Autocorrelation, which is Strait Innovation 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 Strait Innovation's stock expected returns. We can calculate the autocorrelation of Strait Innovation returns to help us make a trade decision. For example, suppose you find that Strait Innovation 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 |
Strait Innovation 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 Strait Innovation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strait Innovation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strait Innovation stock over time.
Current vs Lagged Prices |
| Timeline |
Strait Innovation Lagged Returns
When evaluating Strait Innovation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strait Innovation stock have on its future price. Strait Innovation 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, Strait Innovation autocorrelation shows the relationship between Strait Innovation stock current value and its past values and can show if there is a momentum factor associated with investing in Strait Innovation Internet.
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 Strait Stock
Strait Innovation financial ratios help investors to determine whether Strait 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 Strait with respect to the benefits of owning Strait Innovation security.