Sichuan Road (China) Market Value
| 600039 Stock | 7.40 0.16 2.12% |
| Symbol | Sichuan |
Sichuan Road '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 Road'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 Road.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Sichuan Road on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Sichuan Road Bridge or generate 0.0% return on investment in Sichuan Road over 390 days. Sichuan Road is related to or competes with Hunan Investment, Beijing Mainstreets, Cultural Investment, Zoje Resources, Kunwu Jiuding, and Metro Investment. Sichuan Road is entity of China. It is traded as Stock on SHG exchange. More
Sichuan Road 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 Road'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 Road Bridge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | 0.1298 | |||
| Maximum Drawdown | 17.44 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 8.47 |
Sichuan Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sichuan Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Road's standard deviation. In reality, there are many statistical measures that can use Sichuan Road historical prices to predict the future Sichuan Road's volatility.| Risk Adjusted Performance | 0.1255 | |||
| Jensen Alpha | 0.4876 | |||
| Total Risk Alpha | 0.0657 | |||
| Sortino Ratio | 0.1388 | |||
| Treynor Ratio | 0.8405 |
Sichuan Road Bridge Backtested Returns
Sichuan Road appears to be slightly risky, given 3 months investment horizon. Sichuan Road Bridge owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Sichuan Road's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Sichuan Road's Coefficient Of Variation of 617.95, risk adjusted performance of 0.1255, and Semi Deviation of 2.85 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sichuan Road holds a performance score of 11. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sichuan Road's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sichuan Road is expected to be smaller as well. Please check Sichuan Road's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Sichuan Road's existing price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Sichuan Road Bridge has modest reverse predictability. Overlapping area represents the amount of predictability between Sichuan Road time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Road Bridge price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Sichuan Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.86 |
Sichuan Road Bridge lagged returns against current returns
Autocorrelation, which is Sichuan Road 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 Road's stock expected returns. We can calculate the autocorrelation of Sichuan Road returns to help us make a trade decision. For example, suppose you find that Sichuan Road 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 Road 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 Road stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Road stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Road stock over time.
Current vs Lagged Prices |
| Timeline |
Sichuan Road Lagged Returns
When evaluating Sichuan Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Road stock have on its future price. Sichuan Road 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 Road autocorrelation shows the relationship between Sichuan Road stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Road Bridge.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sichuan Stock
Sichuan Road 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 Road security.