Shandong Sinoglory (China) Market Value
| 603182 Stock | 12.63 0.12 0.94% |
| Symbol | Shandong |
Shandong Sinoglory '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 Sinoglory'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 Sinoglory.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Shandong Sinoglory on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Shandong Sinoglory Health or generate 0.0% return on investment in Shandong Sinoglory over 30 days. Shandong Sinoglory is related to or competes with Poly Real, China Vanke, China Merchants, Huafa Industrial, China International, Kweichow Moutai, and Xiamen CD. Shandong Sinoglory is entity of China. It is traded as Stock on SHG exchange. More
Shandong Sinoglory 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 Sinoglory'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 Sinoglory Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.1178 | |||
| Maximum Drawdown | 15.83 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 3.65 |
Shandong Sinoglory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shandong Sinoglory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Sinoglory's standard deviation. In reality, there are many statistical measures that can use Shandong Sinoglory historical prices to predict the future Shandong Sinoglory's volatility.| Risk Adjusted Performance | 0.1329 | |||
| Jensen Alpha | 0.3286 | |||
| Total Risk Alpha | 0.0613 | |||
| Sortino Ratio | 0.1031 | |||
| Treynor Ratio | 0.7042 |
Shandong Sinoglory Health Backtested Returns
Shandong Sinoglory appears to be not too volatile, given 3 months investment horizon. Shandong Sinoglory Health owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shandong Sinoglory Health, which you can use to evaluate the volatility of the company. Please review Shandong Sinoglory's Coefficient Of Variation of 605.18, semi deviation of 2.31, and Risk Adjusted Performance of 0.1329 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Sinoglory holds a performance score of 10. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shandong Sinoglory's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shandong Sinoglory is expected to be smaller as well. Please check Shandong Sinoglory's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shandong Sinoglory's existing price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Shandong Sinoglory Health has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shandong Sinoglory time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Shandong Sinoglory Health price movement. The serial correlation of -0.18 indicates that over 18.0% of current Shandong Sinoglory price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Shandong Sinoglory Health lagged returns against current returns
Autocorrelation, which is Shandong Sinoglory 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 Sinoglory's stock expected returns. We can calculate the autocorrelation of Shandong Sinoglory returns to help us make a trade decision. For example, suppose you find that Shandong Sinoglory 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 |
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Shandong Sinoglory 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 Sinoglory stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Sinoglory stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Sinoglory stock over time.
Current vs Lagged Prices |
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Shandong Sinoglory Lagged Returns
When evaluating Shandong Sinoglory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Sinoglory stock have on its future price. Shandong Sinoglory 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 Sinoglory autocorrelation shows the relationship between Shandong Sinoglory stock current value and its past values and can show if there is a momentum factor associated with investing in Shandong Sinoglory Health.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Shandong Stock
Shandong Sinoglory 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 Sinoglory security.