Shanghai Zhangjiang (China) Market Value
| 600895 Stock | 26.19 0.02 0.08% |
| Symbol | Shanghai |
Shanghai Zhangjiang '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 Zhangjiang'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 Zhangjiang.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Shanghai Zhangjiang on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Zhangjiang Hi Tech or generate 0.0% return on investment in Shanghai Zhangjiang over 90 days. Shanghai Zhangjiang is related to or competes with Tibet Huayu, JCHX Mining, North Copper, Pengxin International, Anhui Tongguan, Chengtun Mining, and Tongling Nonferrous. More
Shanghai Zhangjiang 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 Zhangjiang'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 Zhangjiang Hi Tech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0145 | |||
| Maximum Drawdown | 8.21 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 3.36 |
Shanghai Zhangjiang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Zhangjiang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Zhangjiang's standard deviation. In reality, there are many statistical measures that can use Shanghai Zhangjiang historical prices to predict the future Shanghai Zhangjiang's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | 0.1841 | |||
| Treynor Ratio | 0.3613 |
Shanghai Zhangjiang Backtested Returns
Shanghai Zhangjiang owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.024, which indicates the firm had a -0.024 % return per unit of risk over the last 3 months. Shanghai Zhangjiang Hi Tech exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shanghai Zhangjiang's Variance of 5.09, coefficient of variation of (4,163), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanghai Zhangjiang are expected to decrease at a much lower rate. During the bear market, Shanghai Zhangjiang is likely to outperform the market. At this point, Shanghai Zhangjiang has a negative expected return of -0.0542%. Please make sure to validate Shanghai Zhangjiang's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Shanghai Zhangjiang performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Shanghai Zhangjiang Hi Tech has poor reverse predictability. Overlapping area represents the amount of predictability between Shanghai Zhangjiang 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 Shanghai Zhangjiang price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Shanghai Zhangjiang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Shanghai Zhangjiang lagged returns against current returns
Autocorrelation, which is Shanghai Zhangjiang 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 Zhangjiang's stock expected returns. We can calculate the autocorrelation of Shanghai Zhangjiang returns to help us make a trade decision. For example, suppose you find that Shanghai Zhangjiang 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 Zhangjiang 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 Zhangjiang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Zhangjiang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Zhangjiang stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Zhangjiang Lagged Returns
When evaluating Shanghai Zhangjiang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Zhangjiang stock have on its future price. Shanghai Zhangjiang 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 Zhangjiang autocorrelation shows the relationship between Shanghai Zhangjiang stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Zhangjiang Hi Tech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Zhangjiang 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 Zhangjiang security.