Sanan Optoelectronics (China) Market Value
| 600703 Stock | 12.81 0.17 1.31% |
| Symbol | Sanan |
Sanan Optoelectronics '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 Sanan Optoelectronics' 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 Sanan Optoelectronics.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Sanan Optoelectronics on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Sanan Optoelectronics Co or generate 0.0% return on investment in Sanan Optoelectronics over 390 days. Sanan Optoelectronics is related to or competes with Nanjing Putian, Tianjin Realty, Kangyue Technology, Shenzhen Hifuture, Shenzhen Changfang, Jiangsu Xinning, and Hubei Geoway. Sanan Optoelectronics is entity of China More
Sanan Optoelectronics 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 Sanan Optoelectronics' 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 Sanan Optoelectronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.0993 | |||
| Maximum Drawdown | 14.8 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 6.48 |
Sanan Optoelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanan Optoelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanan Optoelectronics' standard deviation. In reality, there are many statistical measures that can use Sanan Optoelectronics historical prices to predict the future Sanan Optoelectronics' volatility.| Risk Adjusted Performance | 0.1075 | |||
| Jensen Alpha | 0.3933 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1357 | |||
| Treynor Ratio | (14.63) |
Sanan Optoelectronics Backtested Returns
Sanan Optoelectronics appears to be somewhat reliable, given 3 months investment horizon. Sanan Optoelectronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Sanan Optoelectronics' technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Sanan Optoelectronics' Coefficient Of Variation of 726.26, risk adjusted performance of 0.1075, and Semi Deviation of 1.9 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sanan Optoelectronics holds a performance score of 14. The entity has a beta of -0.0267, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sanan Optoelectronics are expected to decrease at a much lower rate. During the bear market, Sanan Optoelectronics is likely to outperform the market. Please check Sanan Optoelectronics' information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sanan Optoelectronics' existing price patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Sanan Optoelectronics Co has weak reverse predictability. Overlapping area represents the amount of predictability between Sanan Optoelectronics time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Sanan Optoelectronics price movement. The serial correlation of -0.24 indicates that over 24.0% of current Sanan Optoelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 1.52 |
Sanan Optoelectronics lagged returns against current returns
Autocorrelation, which is Sanan Optoelectronics 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 Sanan Optoelectronics' stock expected returns. We can calculate the autocorrelation of Sanan Optoelectronics returns to help us make a trade decision. For example, suppose you find that Sanan Optoelectronics 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 |
Sanan Optoelectronics 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 Sanan Optoelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanan Optoelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanan Optoelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
Sanan Optoelectronics Lagged Returns
When evaluating Sanan Optoelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanan Optoelectronics stock have on its future price. Sanan Optoelectronics 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, Sanan Optoelectronics autocorrelation shows the relationship between Sanan Optoelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Sanan Optoelectronics Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sanan Stock
Sanan Optoelectronics financial ratios help investors to determine whether Sanan 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 Sanan with respect to the benefits of owning Sanan Optoelectronics security.