Shanghai Rongtai (China) Market Value
| 603579 Stock | 14.64 0.26 1.81% |
| Symbol | Shanghai |
Shanghai Rongtai '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 Rongtai'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 Rongtai.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Shanghai Rongtai on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Rongtai Health or generate 0.0% return on investment in Shanghai Rongtai over 90 days. Shanghai Rongtai is related to or competes with Offshore Oil, Qilu Bank, Industrial Bank, Guangdong Jinma, Ningbo Tech, China Publishing, and Duzhe Publishing. Shanghai Rongtai is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Rongtai 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 Rongtai'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 Rongtai Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.0409 | |||
| Maximum Drawdown | 17.61 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 3.11 |
Shanghai Rongtai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Rongtai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Rongtai's standard deviation. In reality, there are many statistical measures that can use Shanghai Rongtai historical prices to predict the future Shanghai Rongtai's volatility.| Risk Adjusted Performance | 0.0758 | |||
| Jensen Alpha | 0.2147 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0378 | |||
| Treynor Ratio | 4.43 |
Shanghai Rongtai Health Backtested Returns
Shanghai Rongtai appears to be somewhat reliable, given 3 months investment horizon. Shanghai Rongtai Health owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shanghai Rongtai Health, which you can use to evaluate the volatility of the company. Please review Shanghai Rongtai's Semi Deviation of 2.59, coefficient of variation of 1113.22, and Risk Adjusted Performance of 0.0758 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Rongtai holds a performance score of 13. The entity has a beta of 0.0497, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanghai Rongtai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Rongtai is expected to be smaller as well. Please check Shanghai Rongtai'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 Shanghai Rongtai's existing price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
Shanghai Rongtai Health has good predictability. Overlapping area represents the amount of predictability between Shanghai Rongtai time series from 31st of August 2024 to 15th of October 2024 and 15th of October 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 Rongtai Health price movement. The serial correlation of 0.75 indicates that around 75.0% of current Shanghai Rongtai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Shanghai Rongtai Health lagged returns against current returns
Autocorrelation, which is Shanghai Rongtai 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 Rongtai's stock expected returns. We can calculate the autocorrelation of Shanghai Rongtai returns to help us make a trade decision. For example, suppose you find that Shanghai Rongtai 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 Rongtai 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 Rongtai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Rongtai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Rongtai stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Rongtai Lagged Returns
When evaluating Shanghai Rongtai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Rongtai stock have on its future price. Shanghai Rongtai 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 Rongtai autocorrelation shows the relationship between Shanghai Rongtai stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Rongtai Health.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Rongtai 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 Rongtai security.