Shandong Gold (China) Market Value
| 600547 Stock | 27.47 0.46 1.70% |
| Symbol | Shandong |
Shandong Gold '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 Gold'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 Gold.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Shandong Gold on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Gold Mining or generate 0.0% return on investment in Shandong Gold over 90 days. Shandong Gold is related to or competes with Guangzhou Jointas, Guangzhou KDT, Guizhou Chanhen, Tjk Machinery, Ningbo Bohui, Hengli Petrochemical, and XCMG Construction. More
Shandong Gold 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 Gold'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 Gold Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.1838 | |||
| Maximum Drawdown | 10.59 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 4.82 |
Shandong Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Gold's standard deviation. In reality, there are many statistical measures that can use Shandong Gold historical prices to predict the future Shandong Gold's volatility.| Risk Adjusted Performance | 0.1263 | |||
| Jensen Alpha | 0.2327 | |||
| Total Risk Alpha | 0.4541 | |||
| Sortino Ratio | 0.2606 | |||
| Treynor Ratio | (1.60) |
Shandong Gold Mining Backtested Returns
Shandong Gold appears to be very steady, given 3 months investment horizon. Shandong Gold Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shandong Gold Mining, which you can use to evaluate the volatility of the company. Please review Shandong Gold's Semi Deviation of 1.06, risk adjusted performance of 0.1263, and Coefficient Of Variation of 727.33 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Gold holds a performance score of 10. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shandong Gold are expected to decrease at a much lower rate. During the bear market, Shandong Gold is likely to outperform the market. Please check Shandong Gold's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shandong Gold's existing price patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Shandong Gold Mining has good reverse predictability. Overlapping area represents the amount of predictability between Shandong Gold time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 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 Gold Mining price movement. The serial correlation of -0.54 indicates that about 54.0% of current Shandong Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Shandong Gold Mining lagged returns against current returns
Autocorrelation, which is Shandong Gold 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 Gold's stock expected returns. We can calculate the autocorrelation of Shandong Gold returns to help us make a trade decision. For example, suppose you find that Shandong Gold 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 Gold 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 Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Shandong Gold Lagged Returns
When evaluating Shandong Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Gold stock have on its future price. Shandong Gold 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 Gold autocorrelation shows the relationship between Shandong Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Gold Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shandong Stock
Shandong Gold 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 Gold security.