Shenzhen Kexin (China) Market Value
| 300565 Stock | 15.07 0.82 5.16% |
| Symbol | Shenzhen |
Shenzhen Kexin '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 Shenzhen Kexin'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 Shenzhen Kexin.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Shenzhen Kexin on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Kexin Communication or generate 0.0% return on investment in Shenzhen Kexin over 90 days. Shenzhen Kexin is related to or competes with Liuzhou Chemical, Anhui Deli, Nantong JiangTian, Shenzhen Topway, Guangzhou Jointas, Lianhe Chemical, and Xiangtan Electrochemical. Shenzhen Kexin is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Kexin 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 Shenzhen Kexin'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 Shenzhen Kexin Communication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.32 | |||
| Information Ratio | 0.088 | |||
| Maximum Drawdown | 15.08 | |||
| Value At Risk | (5.65) | |||
| Potential Upside | 5.47 |
Shenzhen Kexin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Kexin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Kexin's standard deviation. In reality, there are many statistical measures that can use Shenzhen Kexin historical prices to predict the future Shenzhen Kexin's volatility.| Risk Adjusted Performance | 0.0635 | |||
| Jensen Alpha | 0.1771 | |||
| Total Risk Alpha | 0.7667 | |||
| Sortino Ratio | 0.1089 | |||
| Treynor Ratio | (0.37) |
Shenzhen Kexin Commu Backtested Returns
Shenzhen Kexin appears to be somewhat reliable, given 3 months investment horizon. Shenzhen Kexin Commu owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0614, which indicates the firm had a 0.0614 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Shenzhen Kexin Communication, which you can use to evaluate the volatility of the company. Please review Shenzhen Kexin's Semi Deviation of 3.13, coefficient of variation of 1564.87, and Risk Adjusted Performance of 0.0635 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen Kexin holds a performance score of 4. The entity has a beta of -0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen Kexin are expected to decrease at a much lower rate. During the bear market, Shenzhen Kexin is likely to outperform the market. Please check Shenzhen Kexin's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shenzhen Kexin's existing price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Shenzhen Kexin Communication has virtually no predictability. Overlapping area represents the amount of predictability between Shenzhen Kexin time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Shenzhen Kexin Commu price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Shenzhen Kexin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.87 |
Shenzhen Kexin Commu lagged returns against current returns
Autocorrelation, which is Shenzhen Kexin 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 Shenzhen Kexin's stock expected returns. We can calculate the autocorrelation of Shenzhen Kexin returns to help us make a trade decision. For example, suppose you find that Shenzhen Kexin 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 |
Shenzhen Kexin 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 Shenzhen Kexin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Kexin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Kexin stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Kexin Lagged Returns
When evaluating Shenzhen Kexin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Kexin stock have on its future price. Shenzhen Kexin 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, Shenzhen Kexin autocorrelation shows the relationship between Shenzhen Kexin stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Kexin Communication.
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 Shenzhen Stock
Shenzhen Kexin financial ratios help investors to determine whether Shenzhen 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 Shenzhen with respect to the benefits of owning Shenzhen Kexin security.