Sichuan Newsnet (China) Market Value
| 300987 Stock | 16.48 0.12 0.73% |
| Symbol | Sichuan |
Sichuan Newsnet '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 Sichuan Newsnet'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 Sichuan Newsnet.
| 06/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in Sichuan Newsnet on June 23, 2024 and sell it all today you would earn a total of 0.00 from holding Sichuan Newsnet Media or generate 0.0% return on investment in Sichuan Newsnet over 180 days. Sichuan Newsnet is related to or competes with Dirui Industrial, Olympic Circuit, Hubei Forbon, Northking Information, Gem Year, Western Metal, and Jiujiang Shanshui. Sichuan Newsnet is entity of China. It is traded as Stock on SHE exchange. More
Sichuan Newsnet 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 Sichuan Newsnet'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 Sichuan Newsnet Media upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.56 | |||
| Information Ratio | 0.1145 | |||
| Maximum Drawdown | 29.42 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 11.39 |
Sichuan Newsnet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sichuan Newsnet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Newsnet's standard deviation. In reality, there are many statistical measures that can use Sichuan Newsnet historical prices to predict the future Sichuan Newsnet's volatility.| Risk Adjusted Performance | 0.1049 | |||
| Jensen Alpha | 0.5789 | |||
| Total Risk Alpha | 0.426 | |||
| Sortino Ratio | 0.119 | |||
| Treynor Ratio | (1.00) |
Sichuan Newsnet Media Backtested Returns
Sichuan Newsnet appears to be somewhat reliable, given 3 months investment horizon. Sichuan Newsnet Media owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Sichuan Newsnet's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please review Sichuan Newsnet's Semi Deviation of 4.19, coefficient of variation of 822.61, and Risk Adjusted Performance of 0.1049 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sichuan Newsnet holds a performance score of 10. The entity has a beta of -0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sichuan Newsnet are expected to decrease at a much lower rate. During the bear market, Sichuan Newsnet is likely to outperform the market. Please check Sichuan Newsnet's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Sichuan Newsnet's existing price patterns will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Sichuan Newsnet Media has very weak reverse predictability. Overlapping area represents the amount of predictability between Sichuan Newsnet time series from 23rd of June 2024 to 21st of September 2024 and 21st of September 2024 to 20th 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 Sichuan Newsnet Media price movement. The serial correlation of -0.03 indicates that only 3.0% of current Sichuan Newsnet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.91 |
Sichuan Newsnet Media lagged returns against current returns
Autocorrelation, which is Sichuan Newsnet 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 Sichuan Newsnet's stock expected returns. We can calculate the autocorrelation of Sichuan Newsnet returns to help us make a trade decision. For example, suppose you find that Sichuan Newsnet 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 |
Sichuan Newsnet 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 Sichuan Newsnet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Newsnet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Newsnet stock over time.
Current vs Lagged Prices |
| Timeline |
Sichuan Newsnet Lagged Returns
When evaluating Sichuan Newsnet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Newsnet stock have on its future price. Sichuan Newsnet 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, Sichuan Newsnet autocorrelation shows the relationship between Sichuan Newsnet stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Newsnet Media.
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 Sichuan Stock
Sichuan Newsnet financial ratios help investors to determine whether Sichuan 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 Sichuan with respect to the benefits of owning Sichuan Newsnet security.