Super-Dragon Engineering (China) Market Value
| 301131 Stock | 40.00 0.56 1.42% |
| Symbol | Super-Dragon |
Super-Dragon Engineering '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 Super-Dragon Engineering'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 Super-Dragon Engineering.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Super-Dragon Engineering on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Super Dragon Engineering Plastics or generate 0.0% return on investment in Super-Dragon Engineering over 90 days. Super-Dragon Engineering is related to or competes with Gansu Huangtai, Ligao Foods, Citic Guoan, New Hope, Suntar Environmental, and Peoples Insurance. Super-Dragon Engineering is entity of China More
Super-Dragon Engineering 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 Super-Dragon Engineering'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 Super Dragon Engineering Plastics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.0572 | |||
| Maximum Drawdown | 11.54 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 4.62 |
Super-Dragon Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Super-Dragon Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Super-Dragon Engineering's standard deviation. In reality, there are many statistical measures that can use Super-Dragon Engineering historical prices to predict the future Super-Dragon Engineering's volatility.| Risk Adjusted Performance | 0.0225 | |||
| Jensen Alpha | 0.0623 | |||
| Total Risk Alpha | 0.3558 | |||
| Sortino Ratio | 0.0545 | |||
| Treynor Ratio | 0.1564 |
Super-Dragon Engineering Backtested Returns
At this point, Super-Dragon Engineering is very steady. Super-Dragon Engineering owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0613, which indicates the firm had a 0.0613 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Super Dragon Engineering Plastics, which you can use to evaluate the volatility of the company. Please validate Super-Dragon Engineering's Risk Adjusted Performance of 0.0225, coefficient of variation of 5453.94, and Semi Deviation of 2.58 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Super-Dragon Engineering has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Super-Dragon Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Super-Dragon Engineering is expected to be smaller as well. Super-Dragon Engineering right now has a risk of 2.51%. Please validate Super-Dragon Engineering information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Super-Dragon Engineering will be following its existing price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
Super Dragon Engineering Plastics has poor reverse predictability. Overlapping area represents the amount of predictability between Super-Dragon Engineering time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Super-Dragon Engineering price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Super-Dragon Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 3.15 |
Super-Dragon Engineering lagged returns against current returns
Autocorrelation, which is Super-Dragon Engineering 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 Super-Dragon Engineering's stock expected returns. We can calculate the autocorrelation of Super-Dragon Engineering returns to help us make a trade decision. For example, suppose you find that Super-Dragon Engineering 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 |
Super-Dragon Engineering 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 Super-Dragon Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Super-Dragon Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Super-Dragon Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Super-Dragon Engineering Lagged Returns
When evaluating Super-Dragon Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Super-Dragon Engineering stock have on its future price. Super-Dragon Engineering 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, Super-Dragon Engineering autocorrelation shows the relationship between Super-Dragon Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Super Dragon Engineering Plastics.
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 Super-Dragon Stock
Super-Dragon Engineering financial ratios help investors to determine whether Super-Dragon 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 Super-Dragon with respect to the benefits of owning Super-Dragon Engineering security.