Sino Platinum (China) Market Value
| 600459 Stock | 13.99 0.15 1.06% |
| Symbol | Sino |
Sino Platinum '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 Sino Platinum'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 Sino Platinum.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sino Platinum on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sino Platinum Metals Co or generate 0.0% return on investment in Sino Platinum over 30 days. Sino Platinum is related to or competes with Zijin Mining, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Sino Platinum is entity of China. It is traded as Stock on SHG exchange. More
Sino Platinum 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 Sino Platinum'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 Sino Platinum Metals Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.0165 | |||
| Maximum Drawdown | 15.2 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.75 |
Sino Platinum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sino Platinum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sino Platinum's standard deviation. In reality, there are many statistical measures that can use Sino Platinum historical prices to predict the future Sino Platinum's volatility.| Risk Adjusted Performance | 0.0607 | |||
| Jensen Alpha | 0.1839 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0152 | |||
| Treynor Ratio | (0.59) |
Sino Platinum Metals Backtested Returns
Sino Platinum appears to be somewhat reliable, given 3 months investment horizon. Sino Platinum Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sino Platinum Metals Co, which you can use to evaluate the volatility of the company. Please review Sino Platinum's Coefficient Of Variation of 1417.88, semi deviation of 2.31, and Risk Adjusted Performance of 0.0607 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sino Platinum holds a performance score of 9. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sino Platinum are expected to decrease at a much lower rate. During the bear market, Sino Platinum is likely to outperform the market. Please check Sino Platinum's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sino Platinum's existing price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Sino Platinum Metals Co has modest reverse predictability. Overlapping area represents the amount of predictability between Sino Platinum time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Sino Platinum Metals price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Sino Platinum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Sino Platinum Metals lagged returns against current returns
Autocorrelation, which is Sino Platinum 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 Sino Platinum's stock expected returns. We can calculate the autocorrelation of Sino Platinum returns to help us make a trade decision. For example, suppose you find that Sino Platinum 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 |
Sino Platinum 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 Sino Platinum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sino Platinum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sino Platinum stock over time.
Current vs Lagged Prices |
| Timeline |
Sino Platinum Lagged Returns
When evaluating Sino Platinum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sino Platinum stock have on its future price. Sino Platinum 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, Sino Platinum autocorrelation shows the relationship between Sino Platinum stock current value and its past values and can show if there is a momentum factor associated with investing in Sino Platinum Metals Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sino Stock
Sino Platinum financial ratios help investors to determine whether Sino 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 Sino with respect to the benefits of owning Sino Platinum security.