Suzhou Longway's market value is the price at which a share of Suzhou Longway trades on a public exchange. It measures the collective expectations of Suzhou Longway Electronic investors about its performance. Suzhou Longway is trading at 34.28 as of the 7th of January 2025, a 5.9% down since the beginning of the trading day. The stock's open price was 36.43. With this module, you can estimate the performance of a buy and hold strategy of Suzhou Longway Electronic and determine expected loss or profit from investing in Suzhou Longway over a given investment horizon. Check out Suzhou Longway Correlation, Suzhou Longway Volatility and Suzhou Longway Alpha and Beta module to complement your research on Suzhou Longway.
Please note, there is a significant difference between Suzhou Longway's value and its price as these two are different measures arrived at by different means. Investors typically determine if Suzhou Longway is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Suzhou Longway's 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.
Suzhou Longway '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 Suzhou Longway'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 Suzhou Longway.
0.00
01/23/2022
No Change 0.00
0.0
In 2 years 11 months and 16 days
01/07/2025
0.00
If you would invest 0.00 in Suzhou Longway on January 23, 2022 and sell it all today you would earn a total of 0.00 from holding Suzhou Longway Electronic or generate 0.0% return on investment in Suzhou Longway over 1080 days. Suzhou Longway is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Suzhou Longway is entity of China. It is traded as Stock on SHE exchange. More
Suzhou Longway 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 Suzhou Longway'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 Suzhou Longway Electronic 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 Suzhou Longway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suzhou Longway's standard deviation. In reality, there are many statistical measures that can use Suzhou Longway historical prices to predict the future Suzhou Longway's volatility.
At this point, Suzhou Longway is not too volatile. Suzhou Longway Electronic owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0295, which indicates the firm had a 0.0295% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Suzhou Longway Electronic, which you can use to evaluate the volatility of the company. Please validate Suzhou Longway's Coefficient Of Variation of 897.92, semi deviation of 4.83, and Risk Adjusted Performance of 0.099 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Suzhou Longway has a performance score of 2 on a scale of 0 to 100. 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 Suzhou Longway are expected to decrease at a much lower rate. During the bear market, Suzhou Longway is likely to outperform the market. Suzhou Longway Electronic right now has a risk of 4.74%. Please validate Suzhou Longway treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Suzhou Longway will be following its existing price patterns.
Auto-correlation
0.65
Good predictability
Suzhou Longway Electronic has good predictability. Overlapping area represents the amount of predictability between Suzhou Longway time series from 23rd of January 2022 to 17th of July 2023 and 17th of July 2023 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 Suzhou Longway Electronic price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Suzhou Longway price fluctuation can be explain by its past prices.
Correlation Coefficient
0.65
Spearman Rank Test
0.6
Residual Average
0.0
Price Variance
2.04
Suzhou Longway Electronic lagged returns against current returns
Autocorrelation, which is Suzhou Longway 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 Suzhou Longway's stock expected returns. We can calculate the autocorrelation of Suzhou Longway returns to help us make a trade decision. For example, suppose you find that Suzhou Longway 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
Suzhou Longway 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 Suzhou Longway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suzhou Longway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suzhou Longway stock over time.
Current vs Lagged Prices
Timeline
Suzhou Longway Lagged Returns
When evaluating Suzhou Longway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suzhou Longway stock have on its future price. Suzhou Longway 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, Suzhou Longway autocorrelation shows the relationship between Suzhou Longway stock current value and its past values and can show if there is a momentum factor associated with investing in Suzhou Longway Electronic.
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.
Suzhou Longway financial ratios help investors to determine whether Suzhou 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 Suzhou with respect to the benefits of owning Suzhou Longway security.