Shandong Homey (China) Market Value
| 600467 Stock | 2.27 0.04 1.79% |
| 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.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Shandong Homey on January 27, 2025 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 30 days. Shandong Homey is related to or competes with ISoftStone Information, LianChuang Electronic, YiDong Electronics, Sinofibers Technology, Eastern Air, Lootom Telcovideo, and Northking Information. 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.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.26 | |||
| Value At Risk | (6.84) | |||
| Potential Upside | 5.36 |
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 | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.4206 |
Shandong Homey Aquatic Backtested Returns
Shandong Homey Aquatic owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0325, which indicates the firm had a -0.0325 % return per unit of risk over the last 3 months. Shandong Homey Aquatic exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shandong Homey's Variance of 9.82, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,077) to confirm the risk estimate we provide. The entity has a beta of -0.27, which indicates not very significant fluctuations relative to the market. 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. At this point, Shandong Homey Aquatic has a negative expected return of -0.1%. Please make sure to validate Shandong Homey's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Shandong Homey Aquatic performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Shandong Homey Aquatic has modest reverse predictability. Overlapping area represents the amount of predictability between Shandong Homey time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Shandong Homey Aquatic price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Shandong Homey price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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.