Shanghai Shibei (China) Market Value
| 600604 Stock | 4.36 0.29 6.24% |
| Symbol | Shanghai |
Shanghai Shibei '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 Shanghai Shibei'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 Shanghai Shibei.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Shanghai Shibei on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Shibei Hi Tech or generate 0.0% return on investment in Shanghai Shibei over 60 days. Shanghai Shibei is related to or competes with Shenzhen Clou, HUAQIN TECHNOLOGY, Linewell Software, Holitech Technology, Sinofibers Technology, Digiwin Software, and Epoxy Base. Shanghai Shibei is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Shibei 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 Shanghai Shibei'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 Shanghai Shibei Hi Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.34 | |||
| Information Ratio | 0.0419 | |||
| Maximum Drawdown | 20.13 | |||
| Value At Risk | (7.43) | |||
| Potential Upside | 9.76 |
Shanghai Shibei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Shibei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Shibei's standard deviation. In reality, there are many statistical measures that can use Shanghai Shibei historical prices to predict the future Shanghai Shibei's volatility.| Risk Adjusted Performance | 0.0463 | |||
| Jensen Alpha | 0.2045 | |||
| Total Risk Alpha | 0.127 | |||
| Sortino Ratio | 0.0415 | |||
| Treynor Ratio | (0.19) |
Shanghai Shibei Hi Backtested Returns
Shanghai Shibei Hi owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0136, which indicates the firm had a -0.0136% return per unit of risk over the last 3 months. Shanghai Shibei Hi Tech exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shanghai Shibei's Risk Adjusted Performance of 0.0463, semi deviation of 3.97, and Coefficient Of Variation of 2123.41 to confirm the risk estimate we provide. The entity has a beta of -0.99, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Shanghai Shibei are expected to decrease slowly. On the other hand, during market turmoil, Shanghai Shibei is expected to outperform it slightly. At this point, Shanghai Shibei Hi has a negative expected return of -0.0569%. Please make sure to validate Shanghai Shibei's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Shanghai Shibei Hi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Shanghai Shibei Hi Tech has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shanghai Shibei time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Shanghai Shibei Hi price movement. The serial correlation of -0.16 indicates that over 16.0% of current Shanghai Shibei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Shanghai Shibei Hi lagged returns against current returns
Autocorrelation, which is Shanghai Shibei 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 Shanghai Shibei's stock expected returns. We can calculate the autocorrelation of Shanghai Shibei returns to help us make a trade decision. For example, suppose you find that Shanghai Shibei 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 |
Shanghai Shibei 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 Shanghai Shibei stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Shibei stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Shibei stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Shibei Lagged Returns
When evaluating Shanghai Shibei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Shibei stock have on its future price. Shanghai Shibei 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, Shanghai Shibei autocorrelation shows the relationship between Shanghai Shibei stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Shibei Hi Tech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Shibei financial ratios help investors to determine whether Shanghai 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 Shanghai with respect to the benefits of owning Shanghai Shibei security.