Shanghai Ziyan (China) Market Value
| 603057 Stock | 17.85 0.61 3.30% |
| Symbol | Shanghai |
Shanghai Ziyan '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 Ziyan'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 Ziyan.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Shanghai Ziyan on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Ziyan Foods or generate 0.0% return on investment in Shanghai Ziyan over 30 days. Shanghai Ziyan is related to or competes with China State, China Merchants, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Shanghai Ziyan is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Ziyan 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 Ziyan'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 Ziyan Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.0959 | |||
| Maximum Drawdown | 18.04 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 5.28 |
Shanghai Ziyan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Ziyan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Ziyan's standard deviation. In reality, there are many statistical measures that can use Shanghai Ziyan historical prices to predict the future Shanghai Ziyan's volatility.| Risk Adjusted Performance | 0.115 | |||
| Jensen Alpha | 0.3176 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.101 | |||
| Treynor Ratio | 0.6629 |
Shanghai Ziyan Foods Backtested Returns
Shanghai Ziyan appears to be not too volatile, given 3 months investment horizon. Shanghai Ziyan Foods owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shanghai Ziyan Foods, which you can use to evaluate the volatility of the company. Please review Shanghai Ziyan's Semi Deviation of 2.32, coefficient of variation of 711.49, and Risk Adjusted Performance of 0.115 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Ziyan holds a performance score of 8. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shanghai Ziyan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Ziyan is expected to be smaller as well. Please check Shanghai Ziyan's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Ziyan's existing price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Shanghai Ziyan Foods has good predictability. Overlapping area represents the amount of predictability between Shanghai Ziyan 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 Shanghai Ziyan Foods price movement. The serial correlation of 0.66 indicates that around 66.0% of current Shanghai Ziyan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Shanghai Ziyan Foods lagged returns against current returns
Autocorrelation, which is Shanghai Ziyan 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 Ziyan's stock expected returns. We can calculate the autocorrelation of Shanghai Ziyan returns to help us make a trade decision. For example, suppose you find that Shanghai Ziyan 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 Ziyan 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 Ziyan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Ziyan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Ziyan stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Ziyan Lagged Returns
When evaluating Shanghai Ziyan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Ziyan stock have on its future price. Shanghai Ziyan 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 Ziyan autocorrelation shows the relationship between Shanghai Ziyan stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Ziyan Foods.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Ziyan 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 Ziyan security.