Shandong Homey (China) Market Value
| 600467 Stock | 2.53 0.10 4.12% |
| Symbol | Shandong |
Shandong Homey '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 Shandong Homey'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 Shandong Homey.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Shandong Homey on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Homey Aquatic or generate 0.0% return on investment in Shandong Homey over 180 days. Shandong Homey is related to or competes with Nanjing Putian, Shenzhen Hifuture, Tianjin Realty, Shenyang Huitian, Jiangsu Xinning, and Hubei Geoway. Shandong Homey is entity of China. It is traded as Stock on SHG exchange. More
Shandong Homey 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 Shandong Homey'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 Shandong Homey Aquatic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | 0.1842 | |||
| Maximum Drawdown | 20.21 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 10.0 |
Shandong Homey Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Homey's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Homey's standard deviation. In reality, there are many statistical measures that can use Shandong Homey historical prices to predict the future Shandong Homey's volatility.| Risk Adjusted Performance | 0.1729 | |||
| Jensen Alpha | 0.9985 | |||
| Total Risk Alpha | 0.2041 | |||
| Sortino Ratio | 0.2132 | |||
| Treynor Ratio | (2.14) |
Shandong Homey Aquatic Backtested Returns
Shandong Homey appears to be very risky, given 3 months investment horizon. Shandong Homey Aquatic owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. By inspecting Shandong Homey's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please review Shandong Homey's Semi Deviation of 3.14, risk adjusted performance of 0.1729, and Coefficient Of Variation of 464.4 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Homey holds a performance score of 16. The entity has a beta of -0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shandong Homey are expected to decrease at a much lower rate. During the bear market, Shandong Homey is likely to outperform the market. Please check Shandong Homey's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shandong Homey's existing price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Shandong Homey Aquatic has poor reverse predictability. Overlapping area represents the amount of predictability between Shandong Homey time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Shandong Homey Aquatic price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Shandong Homey price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Shandong Homey Aquatic lagged returns against current returns
Autocorrelation, which is Shandong Homey 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 Shandong Homey's stock expected returns. We can calculate the autocorrelation of Shandong Homey returns to help us make a trade decision. For example, suppose you find that Shandong Homey 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 |
Shandong Homey 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 Shandong Homey stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Homey stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Homey stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Homey Lagged Returns
When evaluating Shandong Homey's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Homey stock have on its future price. Shandong Homey 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, Shandong Homey autocorrelation shows the relationship between Shandong Homey stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Homey Aquatic.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shandong Stock
Shandong Homey financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Homey security.