Shijiazhuang Tonhe (China) Market Value
| 300491 Stock | 21.74 0.65 2.90% |
| Symbol | Shijiazhuang |
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.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Shijiazhuang Tonhe on December 15, 2024 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 90 days. Shijiazhuang Tonhe is related to or competes with China Longyuan, PetroChina, Guangxi Guiguan, Yantai North, Huaneng Lancang, Changshu Ruite, and Sichuan Qiaoyuan. 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.
| Downside Deviation | 4.72 | |||
| Information Ratio | 0.1147 | |||
| Maximum Drawdown | 26.58 | |||
| Value At Risk | (6.71) | |||
| Potential Upside | 10.95 |
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.| Risk Adjusted Performance | 0.0933 | |||
| Jensen Alpha | 0.5192 | |||
| Total Risk Alpha | 1.27 | |||
| Sortino Ratio | 0.1394 | |||
| Treynor Ratio | (2.05) |
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 0.0842, which indicates the firm had a 0.0842 % 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 0.51% is justified by implied risk. Please review Shijiazhuang Tonhe's Coefficient Of Variation of 1026.39, semi deviation of 4.22, and Risk Adjusted Performance of 0.0933 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 -0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shijiazhuang Tonhe are expected to decrease at a much lower rate. During the bear market, Shijiazhuang Tonhe is likely to outperform the market. Please check Shijiazhuang Tonhe's mean deviation, downside deviation, standard deviation, as well as 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 | -0.38 |
Poor reverse predictability
Shijiazhuang Tonhe Electronics has poor reverse predictability. Overlapping area represents the amount of predictability between Shijiazhuang Tonhe time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 -0.38 indicates that just about 38.0% of current Shijiazhuang Tonhe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 5.53 |
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 |
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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.