Shengyuan Environmental's market value is the price at which a share of Shengyuan Environmental trades on a public exchange. It measures the collective expectations of Shengyuan Environmental Protection investors about its performance. Shengyuan Environmental is trading at 12.39 as of the 4th of January 2025, a 2.59% down since the beginning of the trading day. The stock's open price was 12.72. With this module, you can estimate the performance of a buy and hold strategy of Shengyuan Environmental Protection and determine expected loss or profit from investing in Shengyuan Environmental over a given investment horizon. Check out Shengyuan Environmental Correlation, Shengyuan Environmental Volatility and Shengyuan Environmental Alpha and Beta module to complement your research on Shengyuan Environmental.
Please note, there is a significant difference between Shengyuan Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shengyuan Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shengyuan Environmental'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.
Shengyuan Environmental '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 Shengyuan Environmental'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 Shengyuan Environmental.
0.00
11/05/2024
No Change 0.00
0.0
In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in Shengyuan Environmental on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Shengyuan Environmental Protection or generate 0.0% return on investment in Shengyuan Environmental over 60 days. Shengyuan Environmental is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Shengyuan Environmental is entity of China More
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Shengyuan Environmental'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 Shengyuan Environmental Protection upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shengyuan Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shengyuan Environmental's standard deviation. In reality, there are many statistical measures that can use Shengyuan Environmental historical prices to predict the future Shengyuan Environmental's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shengyuan Environmental. Your research has to be compared to or analyzed against Shengyuan Environmental's peers to derive any actionable benefits. When done correctly, Shengyuan Environmental'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 Shengyuan Environmental.
Shengyuan Environmental Backtested Returns
Shengyuan Environmental owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Shengyuan Environmental Protection exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shengyuan Environmental's Semi Deviation of 2.78, coefficient of variation of 2130.64, and Risk Adjusted Performance of 0.0455 to confirm the risk estimate we provide. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shengyuan Environmental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shengyuan Environmental is expected to be smaller as well. At this point, Shengyuan Environmental has a negative expected return of -0.28%. Please make sure to validate Shengyuan Environmental's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Shengyuan Environmental performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.07
Very weak reverse predictability
Shengyuan Environmental Protection has very weak reverse predictability. Overlapping area represents the amount of predictability between Shengyuan Environmental time series from 5th of November 2024 to 5th of December 2024 and 5th 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 Shengyuan Environmental price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Shengyuan Environmental price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.07
Spearman Rank Test
-0.15
Residual Average
0.0
Price Variance
0.36
Shengyuan Environmental lagged returns against current returns
Autocorrelation, which is Shengyuan Environmental 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 Shengyuan Environmental's stock expected returns. We can calculate the autocorrelation of Shengyuan Environmental returns to help us make a trade decision. For example, suppose you find that Shengyuan Environmental 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
Shengyuan Environmental 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 Shengyuan Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shengyuan Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shengyuan Environmental stock over time.
Current vs Lagged Prices
Timeline
Shengyuan Environmental Lagged Returns
When evaluating Shengyuan Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shengyuan Environmental stock have on its future price. Shengyuan Environmental 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, Shengyuan Environmental autocorrelation shows the relationship between Shengyuan Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Shengyuan Environmental Protection.
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.
Shengyuan Environmental financial ratios help investors to determine whether Shengyuan 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 Shengyuan with respect to the benefits of owning Shengyuan Environmental security.