Shanghai Phichem (China) Market Value

300398 Stock   14.65  0.50  3.30%   
Shanghai Phichem's market value is the price at which a share of Shanghai Phichem trades on a public exchange. It measures the collective expectations of Shanghai Phichem Material investors about its performance. Shanghai Phichem is trading at 14.65 as of the 4th of January 2025, a 3.3% down since the beginning of the trading day. The stock's open price was 15.15.
With this module, you can estimate the performance of a buy and hold strategy of Shanghai Phichem Material and determine expected loss or profit from investing in Shanghai Phichem over a given investment horizon. Check out Shanghai Phichem Correlation, Shanghai Phichem Volatility and Shanghai Phichem Alpha and Beta module to complement your research on Shanghai Phichem.
Symbol

Please note, there is a significant difference between Shanghai Phichem's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shanghai Phichem is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shanghai Phichem'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.

Shanghai Phichem '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 Shanghai Phichem'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 Shanghai Phichem.
0.00
12/05/2024
No Change 0.00  0.0 
In 31 days
01/04/2025
0.00
If you would invest  0.00  in Shanghai Phichem on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Phichem Material or generate 0.0% return on investment in Shanghai Phichem over 30 days. Shanghai Phichem is related to or competes with Fiberhome Telecommunicatio, TianJin 712, Peoples Insurance, Digiwin Software, Dhc Software, Anhui Jianghuai, and Guangxi Wuzhou. Shanghai Phichem is entity of China. It is traded as Stock on SHE exchange. More

Shanghai Phichem 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 Shanghai Phichem'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 Shanghai Phichem Material upside and downside potential and time the market with a certain degree of confidence.

Shanghai Phichem Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Phichem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Phichem's standard deviation. In reality, there are many statistical measures that can use Shanghai Phichem historical prices to predict the future Shanghai Phichem's volatility.
Hype
Prediction
LowEstimatedHigh
10.8615.1519.44
Details
Intrinsic
Valuation
LowRealHigh
9.1113.4017.69
Details
Naive
Forecast
LowNextHigh
11.0815.3719.66
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shanghai Phichem. Your research has to be compared to or analyzed against Shanghai Phichem's peers to derive any actionable benefits. When done correctly, Shanghai Phichem's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Shanghai Phichem Material.

Shanghai Phichem Material Backtested Returns

Shanghai Phichem Material owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0385, which indicates the firm had a -0.0385% return per unit of risk over the last 3 months. Shanghai Phichem Material exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shanghai Phichem's Semi Deviation of 3.39, coefficient of variation of 1074.76, and Risk Adjusted Performance of 0.084 to confirm the risk estimate we provide. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shanghai Phichem's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Phichem is expected to be smaller as well. At this point, Shanghai Phichem Material has a negative expected return of -0.16%. Please make sure to validate Shanghai Phichem's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Shanghai Phichem Material performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.85  

Very good predictability

Shanghai Phichem Material has very good predictability. Overlapping area represents the amount of predictability between Shanghai Phichem time series from 5th of December 2024 to 20th of December 2024 and 20th 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 Shanghai Phichem Material price movement. The serial correlation of 0.85 indicates that around 85.0% of current Shanghai Phichem price fluctuation can be explain by its past prices.
Correlation Coefficient0.85
Spearman Rank Test0.77
Residual Average0.0
Price Variance0.73

Shanghai Phichem Material lagged returns against current returns

Autocorrelation, which is Shanghai Phichem 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 Shanghai Phichem's stock expected returns. We can calculate the autocorrelation of Shanghai Phichem returns to help us make a trade decision. For example, suppose you find that Shanghai Phichem 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  

Shanghai Phichem 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 Shanghai Phichem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Phichem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Phichem stock over time.
   Current vs Lagged Prices   
       Timeline  

Shanghai Phichem Lagged Returns

When evaluating Shanghai Phichem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Phichem stock have on its future price. Shanghai Phichem 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, Shanghai Phichem autocorrelation shows the relationship between Shanghai Phichem stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Phichem Material.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Shanghai Stock

Shanghai Phichem financial ratios help investors to determine whether Shanghai 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 Shanghai with respect to the benefits of owning Shanghai Phichem security.