Shenzhen Hans' market value is the price at which a share of Shenzhen Hans trades on a public exchange. It measures the collective expectations of Shenzhen Hans CNC investors about its performance. Shenzhen Hans is trading at 34.09 as of the 7th of January 2025, a 1.46% up since the beginning of the trading day. The stock's open price was 33.6. With this module, you can estimate the performance of a buy and hold strategy of Shenzhen Hans CNC and determine expected loss or profit from investing in Shenzhen Hans over a given investment horizon. Check out Shenzhen Hans Correlation, Shenzhen Hans Volatility and Shenzhen Hans Alpha and Beta module to complement your research on Shenzhen Hans.
Please note, there is a significant difference between Shenzhen Hans' value and its price as these two are different measures arrived at by different means. Investors typically determine if Shenzhen Hans is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shenzhen Hans' 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.
Shenzhen Hans '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 Hans' 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 Hans.
0.00
12/08/2024
No Change 0.00
0.0
In 31 days
01/07/2025
0.00
If you would invest 0.00 in Shenzhen Hans on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Shenzhen Hans CNC or generate 0.0% return on investment in Shenzhen Hans over 30 days. Shenzhen Hans is related to or competes with Biwin Storage, PetroChina, Industrial, China Construction, China Petroleum, Agricultural Bank, and Bank of China. Shenzhen Hans is entity of China. It is traded as Stock on SHE exchange. More
Shenzhen Hans 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 Hans' 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 Hans CNC 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 Shenzhen Hans' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenzhen Hans' standard deviation. In reality, there are many statistical measures that can use Shenzhen Hans historical prices to predict the future Shenzhen Hans' volatility.
Shenzhen Hans CNC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0148, which indicates the firm had a -0.0148% return per unit of risk over the last 3 months. Shenzhen Hans CNC exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenzhen Hans' Semi Deviation of 2.9, risk adjusted performance of 0.0506, and Coefficient Of Variation of 1893.65 to confirm the risk estimate we provide. The entity has a beta of -0.0122, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shenzhen Hans are expected to decrease at a much lower rate. During the bear market, Shenzhen Hans is likely to outperform the market. At this point, Shenzhen Hans CNC has a negative expected return of -0.0451%. Please make sure to validate Shenzhen Hans' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Shenzhen Hans CNC performance from the past will be repeated at some point in the near future.
Auto-correlation
0.52
Modest predictability
Shenzhen Hans CNC has modest predictability. Overlapping area represents the amount of predictability between Shenzhen Hans time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 Shenzhen Hans CNC price movement. The serial correlation of 0.52 indicates that about 52.0% of current Shenzhen Hans price fluctuation can be explain by its past prices.
Correlation Coefficient
0.52
Spearman Rank Test
0.36
Residual Average
0.0
Price Variance
3.18
Shenzhen Hans CNC lagged returns against current returns
Autocorrelation, which is Shenzhen Hans 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 Hans' stock expected returns. We can calculate the autocorrelation of Shenzhen Hans returns to help us make a trade decision. For example, suppose you find that Shenzhen Hans 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 Hans 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 Hans stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenzhen Hans stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenzhen Hans stock over time.
Current vs Lagged Prices
Timeline
Shenzhen Hans Lagged Returns
When evaluating Shenzhen Hans' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenzhen Hans stock have on its future price. Shenzhen Hans 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 Hans autocorrelation shows the relationship between Shenzhen Hans stock current value and its past values and can show if there is a momentum factor associated with investing in Shenzhen Hans CNC.
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.
Shenzhen Hans 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 Hans security.