Shanghai Putailai (China) Market Value
| 603659 Stock | 17.20 0.17 1.00% |
| Symbol | Shanghai |
Shanghai Putailai '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 Putailai'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 Putailai.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Shanghai Putailai on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Putailai New or generate 0.0% return on investment in Shanghai Putailai over 30 days. Shanghai Putailai is related to or competes with Zijin Mining, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. Shanghai Putailai is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Putailai 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 Putailai'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 Putailai New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.1464 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 9.99 |
Shanghai Putailai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Putailai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Putailai's standard deviation. In reality, there are many statistical measures that can use Shanghai Putailai historical prices to predict the future Shanghai Putailai's volatility.| Risk Adjusted Performance | 0.1299 | |||
| Jensen Alpha | 0.6893 | |||
| Total Risk Alpha | 0.5596 | |||
| Sortino Ratio | 0.1953 | |||
| Treynor Ratio | (5.65) |
Shanghai Putailai New Backtested Returns
Shanghai Putailai appears to be somewhat reliable, given 3 months investment horizon. Shanghai Putailai New owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting Shanghai Putailai's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please review Shanghai Putailai's Coefficient Of Variation of 651.36, risk adjusted performance of 0.1299, and Semi Deviation of 3.02 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Putailai holds a performance score of 15. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanghai Putailai are expected to decrease at a much lower rate. During the bear market, Shanghai Putailai is likely to outperform the market. Please check Shanghai Putailai's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Putailai's existing price patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
Shanghai Putailai New has very good predictability. Overlapping area represents the amount of predictability between Shanghai Putailai time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Shanghai Putailai New price movement. The serial correlation of 0.83 indicates that around 83.0% of current Shanghai Putailai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Shanghai Putailai New lagged returns against current returns
Autocorrelation, which is Shanghai Putailai 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 Putailai's stock expected returns. We can calculate the autocorrelation of Shanghai Putailai returns to help us make a trade decision. For example, suppose you find that Shanghai Putailai 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 Putailai 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 Putailai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Putailai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Putailai stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Putailai Lagged Returns
When evaluating Shanghai Putailai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Putailai stock have on its future price. Shanghai Putailai 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 Putailai autocorrelation shows the relationship between Shanghai Putailai stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Putailai New.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Putailai 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 Putailai security.