Shenzhen Mindray (China) Market Value
| 300760 Stock | 249.12 1.40 0.56% |
| Symbol | Shenzhen |
Shenzhen Mindray '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 Mindray'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 Mindray.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Shenzhen Mindray on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Mindray Bio Medical or generate 0.0% return on investment in Shenzhen Mindray over 90 days. Shenzhen Mindray is related to or competes with Aofu Environmental, Hang Xiao, Beijing Bewinner, Runjian Communication, Quectel Wireless, Hangzhou Guotai, and Jilin Jlu. More
Shenzhen Mindray 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 Mindray'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 Mindray Bio Medical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0571 | |||
| Maximum Drawdown | 6.92 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.4 |
Shenzhen Mindray Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen Mindray's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Mindray's standard deviation. In reality, there are many statistical measures that can use Shenzhen Mindray historical prices to predict the future Shenzhen Mindray's volatility.| Risk Adjusted Performance | 0.0019 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.1475 | |||
| Treynor Ratio | (0.58) |
Shenzhen Mindray Bio Backtested Returns
Shenzhen Mindray Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. Shenzhen Mindray Bio Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenzhen Mindray's Risk Adjusted Performance of 0.0019, variance of 2.14, and Coefficient Of Variation of (43,119) to confirm the risk estimate we provide. The entity has a beta of 0.0229, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shenzhen Mindray's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shenzhen Mindray is expected to be smaller as well. At this point, Shenzhen Mindray Bio has a negative expected return of -0.013%. Please make sure to validate Shenzhen Mindray's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Shenzhen Mindray Bio performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Shenzhen Mindray Bio Medical has poor predictability. Overlapping area represents the amount of predictability between Shenzhen Mindray time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Mindray Bio price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Shenzhen Mindray price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 38.91 |
Shenzhen Mindray Bio lagged returns against current returns
Autocorrelation, which is Shenzhen Mindray 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 Mindray's stock expected returns. We can calculate the autocorrelation of Shenzhen Mindray returns to help us make a trade decision. For example, suppose you find that Shenzhen Mindray 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 Mindray 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 Mindray stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Mindray stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Mindray stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen Mindray Lagged Returns
When evaluating Shenzhen Mindray's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Mindray stock have on its future price. Shenzhen Mindray 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 Mindray autocorrelation shows the relationship between Shenzhen Mindray stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Mindray Bio Medical.
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 Mindray 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 Mindray security.