Suzhou Douson (China) Market Value
| 603800 Stock | 23.50 1.20 5.38% |
| Symbol | Suzhou |
Suzhou Douson '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 Suzhou Douson'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 Suzhou Douson.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Suzhou Douson on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Suzhou Douson Drilling or generate 0.0% return on investment in Suzhou Douson over 570 days. Suzhou Douson is related to or competes with Zhejiang Kingland, Gansu Jiu, Ming Yang, Aba Chemicals, Inner Mongolia, Hi-Trend Tech(Shanghai)Co, and Queclink Wireless. Suzhou Douson is entity of China. It is traded as Stock on SHG exchange. More
Suzhou Douson 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 Suzhou Douson'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 Suzhou Douson Drilling upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | 0.0974 | |||
| Maximum Drawdown | 19.67 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 8.57 |
Suzhou Douson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suzhou Douson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suzhou Douson's standard deviation. In reality, there are many statistical measures that can use Suzhou Douson historical prices to predict the future Suzhou Douson's volatility.| Risk Adjusted Performance | 0.1077 | |||
| Jensen Alpha | 0.5491 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1196 | |||
| Treynor Ratio | (0.94) |
Suzhou Douson Drilling Backtested Returns
Suzhou Douson appears to be somewhat reliable, given 3 months investment horizon. Suzhou Douson Drilling 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. By inspecting Suzhou Douson's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please review Suzhou Douson's Coefficient Of Variation of 768.89, risk adjusted performance of 0.1077, and Semi Deviation of 2.59 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Suzhou Douson holds a performance score of 13. The entity has a beta of -0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Suzhou Douson are expected to decrease at a much lower rate. During the bear market, Suzhou Douson is likely to outperform the market. Please check Suzhou Douson's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Suzhou Douson's existing price patterns will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Suzhou Douson Drilling has insignificant reverse predictability. Overlapping area represents the amount of predictability between Suzhou Douson time series from 9th of May 2023 to 18th of February 2024 and 18th of February 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 Suzhou Douson Drilling price movement. The serial correlation of -0.2 indicates that over 20.0% of current Suzhou Douson price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 6.85 |
Suzhou Douson Drilling lagged returns against current returns
Autocorrelation, which is Suzhou Douson 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 Suzhou Douson's stock expected returns. We can calculate the autocorrelation of Suzhou Douson returns to help us make a trade decision. For example, suppose you find that Suzhou Douson 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 |
Suzhou Douson 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 Suzhou Douson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suzhou Douson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suzhou Douson stock over time.
Current vs Lagged Prices |
| Timeline |
Suzhou Douson Lagged Returns
When evaluating Suzhou Douson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suzhou Douson stock have on its future price. Suzhou Douson 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, Suzhou Douson autocorrelation shows the relationship between Suzhou Douson stock current value and its past values and can show if there is a momentum factor associated with investing in Suzhou Douson Drilling.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Suzhou Stock
Suzhou Douson financial ratios help investors to determine whether Suzhou 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 Suzhou with respect to the benefits of owning Suzhou Douson security.