Shaanxi Broadcast (China) Market Value
| 600831 Stock | 2.72 0.02 0.74% |
| Symbol | Shaanxi |
Shaanxi Broadcast '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 Shaanxi Broadcast'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 Shaanxi Broadcast.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Shaanxi Broadcast on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shaanxi Broadcast TV or generate 0.0% return on investment in Shaanxi Broadcast over 30 days. Shaanxi Broadcast is related to or competes with BYD Co, Agricultural Bank, Industrial, China State, China Construction, PetroChina, and China Petroleum. Shaanxi Broadcast is entity of China. It is traded as Stock on SHG exchange. More
Shaanxi Broadcast 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 Shaanxi Broadcast'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 Shaanxi Broadcast TV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.1238 | |||
| Maximum Drawdown | 10.25 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.02 |
Shaanxi Broadcast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shaanxi Broadcast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shaanxi Broadcast's standard deviation. In reality, there are many statistical measures that can use Shaanxi Broadcast historical prices to predict the future Shaanxi Broadcast's volatility.| Risk Adjusted Performance | 0.1361 | |||
| Jensen Alpha | 0.4594 | |||
| Total Risk Alpha | 0.0397 | |||
| Sortino Ratio | 0.1144 | |||
| Treynor Ratio | 7.65 |
Shaanxi Broadcast Backtested Returns
Shaanxi Broadcast appears to be unstable, given 3 months investment horizon. Shaanxi Broadcast owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. By inspecting Shaanxi Broadcast's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please review Shaanxi Broadcast's Coefficient Of Variation of 594.94, risk adjusted performance of 0.1361, and Semi Deviation of 2.51 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shaanxi Broadcast holds a performance score of 16. The entity has a beta of 0.061, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shaanxi Broadcast's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shaanxi Broadcast is expected to be smaller as well. Please check Shaanxi Broadcast'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 Shaanxi Broadcast's existing price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Shaanxi Broadcast TV has good reverse predictability. Overlapping area represents the amount of predictability between Shaanxi Broadcast time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Shaanxi Broadcast price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Shaanxi Broadcast price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shaanxi Broadcast lagged returns against current returns
Autocorrelation, which is Shaanxi Broadcast 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 Shaanxi Broadcast's stock expected returns. We can calculate the autocorrelation of Shaanxi Broadcast returns to help us make a trade decision. For example, suppose you find that Shaanxi Broadcast 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 |
Shaanxi Broadcast 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 Shaanxi Broadcast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shaanxi Broadcast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shaanxi Broadcast stock over time.
Current vs Lagged Prices |
| Timeline |
Shaanxi Broadcast Lagged Returns
When evaluating Shaanxi Broadcast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shaanxi Broadcast stock have on its future price. Shaanxi Broadcast 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, Shaanxi Broadcast autocorrelation shows the relationship between Shaanxi Broadcast stock current value and its past values and can show if there is a momentum factor associated with investing in Shaanxi Broadcast TV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shaanxi Stock
Shaanxi Broadcast financial ratios help investors to determine whether Shaanxi 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 Shaanxi with respect to the benefits of owning Shaanxi Broadcast security.