Shengtak New (China) Market Value
| 300881 Stock | 31.57 0.55 1.77% |
| Symbol | Shengtak |
Shengtak New '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 Shengtak New'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 Shengtak New.
| 07/30/2024 |
| 12/27/2024 |
If you would invest 0.00 in Shengtak New on July 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shengtak New Material or generate 0.0% return on investment in Shengtak New over 150 days. Shengtak New is related to or competes with Peoples Insurance, Anhui Deli, Marssenger Kitchenware, Lootom Telcovideo, Heilongjiang Transport, Shandong Hongchuang, and Zhejiang Yayi. Shengtak New is entity of China. It is traded as Stock on SHE exchange. More
Shengtak New 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 Shengtak New'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 Shengtak New Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.52 | |||
| Information Ratio | 0.1091 | |||
| Maximum Drawdown | 37.09 | |||
| Value At Risk | (6.14) | |||
| Potential Upside | 10.54 |
Shengtak New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shengtak New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shengtak New's standard deviation. In reality, there are many statistical measures that can use Shengtak New historical prices to predict the future Shengtak New's volatility.| Risk Adjusted Performance | 0.1033 | |||
| Jensen Alpha | 0.6014 | |||
| Total Risk Alpha | 0.3217 | |||
| Sortino Ratio | 0.1232 | |||
| Treynor Ratio | (17.29) |
Shengtak New Material Backtested Returns
Shengtak New Material owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0031, which indicates the firm had a -0.0031% return per unit of risk over the last 3 months. Shengtak New Material exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shengtak New's Risk Adjusted Performance of 0.1033, coefficient of variation of 836.89, and Semi Deviation of 4.01 to confirm the risk estimate we provide. The entity has a beta of -0.0347, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shengtak New are expected to decrease at a much lower rate. During the bear market, Shengtak New is likely to outperform the market. At this point, Shengtak New Material has a negative expected return of -0.0129%. Please make sure to validate Shengtak New'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 Shengtak New Material performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Shengtak New Material has weak reverse predictability. Overlapping area represents the amount of predictability between Shengtak New time series from 30th of July 2024 to 13th of October 2024 and 13th of October 2024 to 27th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shengtak New Material price movement. The serial correlation of -0.21 indicates that over 21.0% of current Shengtak New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2.25 |
Shengtak New Material lagged returns against current returns
Autocorrelation, which is Shengtak New 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 Shengtak New's stock expected returns. We can calculate the autocorrelation of Shengtak New returns to help us make a trade decision. For example, suppose you find that Shengtak New 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 |
Shengtak New 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 Shengtak New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shengtak New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shengtak New stock over time.
Current vs Lagged Prices |
| Timeline |
Shengtak New Lagged Returns
When evaluating Shengtak New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shengtak New stock have on its future price. Shengtak New 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, Shengtak New autocorrelation shows the relationship between Shengtak New stock current value and its past values and can show if there is a momentum factor associated with investing in Shengtak New Material.
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 Shengtak Stock
Shengtak New financial ratios help investors to determine whether Shengtak 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 Shengtak with respect to the benefits of owning Shengtak New security.