Sobute New (China) Market Value
| 603916 Stock | 8.47 0.16 1.93% |
| Symbol | Sobute |
Sobute New '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 Sobute New'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 Sobute New.
| 11/08/2024 |
| 12/08/2024 |
If you would invest 0.00 in Sobute New on November 8, 2024 and sell it all today you would earn a total of 0.00 from holding Sobute New Materials or generate 0.0% return on investment in Sobute New over 30 days. Sobute New is related to or competes with Guangzhou Haige, Sanbo Hospital, State Grid, PKU HealthCare, Everjoy Health, Andon Health, and Hangzhou Coco. Sobute New is entity of China. It is traded as Stock on SHG exchange. More
Sobute New 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 Sobute New'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 Sobute New Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.0418 | |||
| Maximum Drawdown | 15.96 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 3.89 |
Sobute New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sobute New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sobute New's standard deviation. In reality, there are many statistical measures that can use Sobute New historical prices to predict the future Sobute New's volatility.| Risk Adjusted Performance | 0.0792 | |||
| Jensen Alpha | 0.2355 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0363 | |||
| Treynor Ratio | 25.46 |
Sobute New Materials Backtested Returns
Sobute New appears to be somewhat reliable, given 3 months investment horizon. Sobute New Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sobute New Materials, which you can use to evaluate the volatility of the company. Please review Sobute New's Risk Adjusted Performance of 0.0792, semi deviation of 2.55, and Coefficient Of Variation of 1026.66 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sobute New holds a performance score of 14. The entity has a beta of 0.0093, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sobute New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sobute New is expected to be smaller as well. Please check Sobute New'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 Sobute New's existing price patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Sobute New Materials has very good reverse predictability. Overlapping area represents the amount of predictability between Sobute New time series from 8th of November 2024 to 23rd of November 2024 and 23rd of November 2024 to 8th 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 Sobute New Materials price movement. The serial correlation of -0.67 indicates that around 67.0% of current Sobute New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Sobute New Materials lagged returns against current returns
Autocorrelation, which is Sobute New 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 Sobute New's stock expected returns. We can calculate the autocorrelation of Sobute New returns to help us make a trade decision. For example, suppose you find that Sobute New 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 |
Sobute New 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 Sobute New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sobute New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sobute New stock over time.
Current vs Lagged Prices |
| Timeline |
Sobute New Lagged Returns
When evaluating Sobute New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sobute New stock have on its future price. Sobute New 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, Sobute New autocorrelation shows the relationship between Sobute New stock current value and its past values and can show if there is a momentum factor associated with investing in Sobute New Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sobute Stock
Sobute New financial ratios help investors to determine whether Sobute 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 Sobute with respect to the benefits of owning Sobute New security.