Shenzhen SDG (China) Market Value
| 300917 Stock | 51.52 3.03 5.55% |
| Symbol | Shenzhen |
Shenzhen SDG '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 SDG'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 SDG.
| 09/25/2024 |
| 12/24/2024 |
If you would invest 0.00 in Shenzhen SDG on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen SDG Service or generate 0.0% return on investment in Shenzhen SDG over 90 days. Shenzhen SDG is related to or competes with PetroChina, China Mobile, CNOOC, Ping An, China Petroleum, China Telecom, and China State. Shenzhen SDG is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen SDG 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 SDG'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 SDG Service upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.5 | |||
| Information Ratio | 0.1435 | |||
| Maximum Drawdown | 40.0 | |||
| Value At Risk | (9.26) | |||
| Potential Upside | 20.0 |
Shenzhen SDG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenzhen SDG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen SDG's standard deviation. In reality, there are many statistical measures that can use Shenzhen SDG historical prices to predict the future Shenzhen SDG's volatility.| Risk Adjusted Performance | 0.1262 | |||
| Jensen Alpha | 1.1 | |||
| Total Risk Alpha | 0.8706 | |||
| Sortino Ratio | 0.1639 | |||
| Treynor Ratio | (3.13) |
Shenzhen SDG Service Backtested Returns
Shenzhen SDG appears to be not too volatile, given 3 months investment horizon. Shenzhen SDG Service 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. By inspecting Shenzhen SDG's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please review Shenzhen SDG's Semi Deviation of 5.43, risk adjusted performance of 0.1262, and Coefficient Of Variation of 675.93 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shenzhen SDG holds a performance score of 9. The entity has a beta of -0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shenzhen SDG are expected to decrease at a much lower rate. During the bear market, Shenzhen SDG is likely to outperform the market. Please check Shenzhen SDG's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shenzhen SDG's existing price patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Shenzhen SDG Service has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Shenzhen SDG time series from 25th of September 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Shenzhen SDG Service price movement. The serial correlation of -0.78 indicates that around 78.0% of current Shenzhen SDG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 18.09 |
Shenzhen SDG Service lagged returns against current returns
Autocorrelation, which is Shenzhen SDG 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 SDG's stock expected returns. We can calculate the autocorrelation of Shenzhen SDG returns to help us make a trade decision. For example, suppose you find that Shenzhen SDG 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 SDG 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 SDG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen SDG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen SDG stock over time.
Current vs Lagged Prices |
| Timeline |
Shenzhen SDG Lagged Returns
When evaluating Shenzhen SDG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen SDG stock have on its future price. Shenzhen SDG 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 SDG autocorrelation shows the relationship between Shenzhen SDG stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen SDG Service.
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 SDG 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 SDG security.