Shaanxi Lighte's market value is the price at which a share of Shaanxi Lighte trades on a public exchange. It measures the collective expectations of Shaanxi Lighte Optoelectronics investors about its performance. Shaanxi Lighte is trading at 21.26 as of the 8th of January 2025, a 0.76% up since the beginning of the trading day. The stock's open price was 21.1. With this module, you can estimate the performance of a buy and hold strategy of Shaanxi Lighte Optoelectronics and determine expected loss or profit from investing in Shaanxi Lighte over a given investment horizon. Check out Shaanxi Lighte Correlation, Shaanxi Lighte Volatility and Shaanxi Lighte Alpha and Beta module to complement your research on Shaanxi Lighte.
Please note, there is a significant difference between Shaanxi Lighte's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shaanxi Lighte is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shaanxi Lighte's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Shaanxi Lighte '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 Shaanxi Lighte'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 Shaanxi Lighte.
0.00
12/09/2024
No Change 0.00
0.0
In 31 days
01/08/2025
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If you would invest 0.00 in Shaanxi Lighte on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Shaanxi Lighte Optoelectronics or generate 0.0% return on investment in Shaanxi Lighte over 30 days. Shaanxi Lighte is related to or competes with Youyou Foods, Guilin Seamild, Jiahe Foods, Chongqing Changan, Dongfeng Automobile, Fujian Anjoy, and Sinomach Automobile. Shaanxi Lighte is entity of China. It is traded as Stock on SHG exchange. More
Shaanxi Lighte 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 Shaanxi Lighte'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 Shaanxi Lighte Optoelectronics upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shaanxi Lighte's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shaanxi Lighte's standard deviation. In reality, there are many statistical measures that can use Shaanxi Lighte historical prices to predict the future Shaanxi Lighte's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shaanxi Lighte. Your research has to be compared to or analyzed against Shaanxi Lighte's peers to derive any actionable benefits. When done correctly, Shaanxi Lighte's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Shaanxi Lighte Optoe.
Shaanxi Lighte Optoe Backtested Returns
Shaanxi Lighte appears to be not too volatile, given 3 months investment horizon. Shaanxi Lighte Optoe owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0626, which indicates the firm had a 0.0626% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shaanxi Lighte Optoelectronics, which you can use to evaluate the volatility of the company. Please review Shaanxi Lighte's Risk Adjusted Performance of 0.0174, coefficient of variation of 8558.25, and Semi Deviation of 4.19 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shaanxi Lighte holds a performance score of 4. The entity has a beta of -0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shaanxi Lighte are expected to decrease at a much lower rate. During the bear market, Shaanxi Lighte is likely to outperform the market. Please check Shaanxi Lighte's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shaanxi Lighte's existing price patterns will revert.
Auto-correlation
0.10
Insignificant predictability
Shaanxi Lighte Optoelectronics has insignificant predictability. Overlapping area represents the amount of predictability between Shaanxi Lighte time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shaanxi Lighte Optoe price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Shaanxi Lighte price fluctuation can be explain by its past prices.
Correlation Coefficient
0.1
Spearman Rank Test
0.35
Residual Average
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Price Variance
0.52
Shaanxi Lighte Optoe lagged returns against current returns
Autocorrelation, which is Shaanxi Lighte 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 Shaanxi Lighte's stock expected returns. We can calculate the autocorrelation of Shaanxi Lighte returns to help us make a trade decision. For example, suppose you find that Shaanxi Lighte 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
Shaanxi Lighte 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 Shaanxi Lighte stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shaanxi Lighte stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shaanxi Lighte stock over time.
Current vs Lagged Prices
Timeline
Shaanxi Lighte Lagged Returns
When evaluating Shaanxi Lighte's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shaanxi Lighte stock have on its future price. Shaanxi Lighte 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, Shaanxi Lighte autocorrelation shows the relationship between Shaanxi Lighte stock current value and its past values and can show if there is a momentum factor associated with investing in Shaanxi Lighte Optoelectronics.
Shaanxi Lighte financial ratios help investors to determine whether Shaanxi 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 Shaanxi with respect to the benefits of owning Shaanxi Lighte security.