Shandong Publishing (China) Market Value

601019 Stock   10.10  0.16  1.56%   
Shandong Publishing's market value is the price at which a share of Shandong Publishing trades on a public exchange. It measures the collective expectations of Shandong Publishing Media investors about its performance. Shandong Publishing is trading at 10.10 as of the 2nd of March 2025, a 1.56% down since the beginning of the trading day. The stock's open price was 10.26.
With this module, you can estimate the performance of a buy and hold strategy of Shandong Publishing Media and determine expected loss or profit from investing in Shandong Publishing over a given investment horizon. Check out Shandong Publishing Correlation, Shandong Publishing Volatility and Shandong Publishing Alpha and Beta module to complement your research on Shandong Publishing.
Symbol

Please note, there is a significant difference between Shandong Publishing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shandong Publishing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shandong Publishing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Shandong Publishing '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 Publishing'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 Publishing.
0.00
03/13/2023
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/02/2025
0.00
If you would invest  0.00  in Shandong Publishing on March 13, 2023 and sell it all today you would earn a total of 0.00 from holding Shandong Publishing Media or generate 0.0% return on investment in Shandong Publishing over 720 days. Shandong Publishing is related to or competes with Suzhou Industrial, Guangdong Jingyi, GigaDevice SemiconductorBei, Shanghai V, Union Semiconductor, Zijin Mining, and Ningbo Fujia. Shandong Publishing is entity of China. It is traded as Stock on SHG exchange. More

Shandong Publishing 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 Publishing'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 Publishing Media upside and downside potential and time the market with a certain degree of confidence.

Shandong Publishing Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Publishing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Publishing's standard deviation. In reality, there are many statistical measures that can use Shandong Publishing historical prices to predict the future Shandong Publishing's volatility.
Hype
Prediction
LowEstimatedHigh
7.7710.1112.45
Details
Intrinsic
Valuation
LowRealHigh
6.518.8511.19
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Shandong Publishing Media Backtested Returns

Shandong Publishing Media owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0309, which indicates the firm had a -0.0309 % return per unit of risk over the last 3 months. Shandong Publishing Media exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shandong Publishing's Risk Adjusted Performance of (0.01), variance of 5.15, and Coefficient Of Variation of (3,409) to confirm the risk estimate we provide. The entity has a beta of 0.0315, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shandong Publishing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shandong Publishing is expected to be smaller as well. At this point, Shandong Publishing Media has a negative expected return of -0.0717%. Please make sure to validate Shandong Publishing's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Shandong Publishing Media performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.07  

Virtually no predictability

Shandong Publishing Media has virtually no predictability. Overlapping area represents the amount of predictability between Shandong Publishing time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 Publishing Media price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Shandong Publishing price fluctuation can be explain by its past prices.
Correlation Coefficient0.07
Spearman Rank Test-0.02
Residual Average0.0
Price Variance0.63

Shandong Publishing Media lagged returns against current returns

Autocorrelation, which is Shandong Publishing 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 Publishing's stock expected returns. We can calculate the autocorrelation of Shandong Publishing returns to help us make a trade decision. For example, suppose you find that Shandong Publishing 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 Publishing 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 Publishing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Publishing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Publishing stock over time.
   Current vs Lagged Prices   
       Timeline  

Shandong Publishing Lagged Returns

When evaluating Shandong Publishing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Publishing stock have on its future price. Shandong Publishing 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 Publishing autocorrelation shows the relationship between Shandong Publishing stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Publishing Media.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Shandong Stock

Shandong Publishing 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 Publishing security.