Shijiazhuang Tonhe (China) Market Value

300491 Stock   20.60  0.92  4.28%   
Shijiazhuang Tonhe's market value is the price at which a share of Shijiazhuang Tonhe trades on a public exchange. It measures the collective expectations of Shijiazhuang Tonhe Electronics investors about its performance. Shijiazhuang Tonhe is trading at 20.60 as of the 8th of March 2025, a 4.28 percent decrease since the beginning of the trading day. The stock's open price was 21.52.
With this module, you can estimate the performance of a buy and hold strategy of Shijiazhuang Tonhe Electronics and determine expected loss or profit from investing in Shijiazhuang Tonhe over a given investment horizon. Check out Shijiazhuang Tonhe Correlation, Shijiazhuang Tonhe Volatility and Shijiazhuang Tonhe Alpha and Beta module to complement your research on Shijiazhuang Tonhe.
Symbol

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

Shijiazhuang Tonhe '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 Shijiazhuang Tonhe'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 Shijiazhuang Tonhe.
0.00
03/19/2023
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/08/2025
0.00
If you would invest  0.00  in Shijiazhuang Tonhe on March 19, 2023 and sell it all today you would earn a total of 0.00 from holding Shijiazhuang Tonhe Electronics or generate 0.0% return on investment in Shijiazhuang Tonhe over 720 days. Shijiazhuang Tonhe is related to or competes with China World, Guangzhou Dongfang, BTG Hotels, Healthcare, Sanbo Hospital, Goldlok Toys, and De Rucci. Shijiazhuang Tonhe is entity of China. It is traded as Stock on SHE exchange. More

Shijiazhuang Tonhe 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 Shijiazhuang Tonhe'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 Shijiazhuang Tonhe Electronics upside and downside potential and time the market with a certain degree of confidence.

Shijiazhuang Tonhe Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Shijiazhuang Tonhe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shijiazhuang Tonhe's standard deviation. In reality, there are many statistical measures that can use Shijiazhuang Tonhe historical prices to predict the future Shijiazhuang Tonhe's volatility.
Hype
Prediction
LowEstimatedHigh
16.3822.3028.22
Details
Intrinsic
Valuation
LowRealHigh
11.3317.2523.17
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.090.090.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shijiazhuang Tonhe. Your research has to be compared to or analyzed against Shijiazhuang Tonhe's peers to derive any actionable benefits. When done correctly, Shijiazhuang Tonhe'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 Shijiazhuang Tonhe.

Shijiazhuang Tonhe Backtested Returns

Shijiazhuang Tonhe appears to be somewhat reliable, given 3 months investment horizon. Shijiazhuang Tonhe owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0872, which indicates the firm had a 0.0872 % return per unit of risk over the last 3 months. By inspecting Shijiazhuang Tonhe's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please review Shijiazhuang Tonhe's Semi Deviation of 4.17, coefficient of variation of 956.19, and Risk Adjusted Performance of 0.091 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shijiazhuang Tonhe holds a performance score of 6. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shijiazhuang Tonhe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shijiazhuang Tonhe is expected to be smaller as well. Please check Shijiazhuang Tonhe's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shijiazhuang Tonhe's existing price patterns will revert.

Auto-correlation

    
  -0.49  

Modest reverse predictability

Shijiazhuang Tonhe Electronics has modest reverse predictability. Overlapping area represents the amount of predictability between Shijiazhuang Tonhe time series from 19th of March 2023 to 13th of March 2024 and 13th of March 2024 to 8th of March 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 Shijiazhuang Tonhe price movement. The serial correlation of -0.49 indicates that about 49.0% of current Shijiazhuang Tonhe price fluctuation can be explain by its past prices.
Correlation Coefficient-0.49
Spearman Rank Test0.05
Residual Average0.0
Price Variance5.33

Shijiazhuang Tonhe lagged returns against current returns

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

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

Shijiazhuang Tonhe Lagged Returns

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

Shijiazhuang Tonhe financial ratios help investors to determine whether Shijiazhuang 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 Shijiazhuang with respect to the benefits of owning Shijiazhuang Tonhe security.