Shanghai's market value is the price at which a share of Shanghai trades on a public exchange. It measures the collective expectations of Shanghai SK Automation investors about its performance. Shanghai is trading at 36.60 as of the 2nd of January 2025, a 3.53% down since the beginning of the trading day. The stock's open price was 37.94. With this module, you can estimate the performance of a buy and hold strategy of Shanghai SK Automation and determine expected loss or profit from investing in Shanghai over a given investment horizon. Check out Shanghai Correlation, Shanghai Volatility and Shanghai Alpha and Beta module to complement your research on Shanghai.
Please note, there is a significant difference between Shanghai's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shanghai is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shanghai'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.
Shanghai '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'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.
0.00
01/13/2023
No Change 0.00
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In 1 year 11 months and 22 days
01/02/2025
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If you would invest 0.00 in Shanghai on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding Shanghai SK Automation or generate 0.0% return on investment in Shanghai over 720 days. Shanghai is related to or competes with Kweichow Moutai, NAURA Technology, Zhejiang Orient, APT Medical, BYD Co, Shenzhen Mindray, and Contemporary Amperex. Shanghai is entity of China. It is traded as Stock on SHG exchange. More
Shanghai 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'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 SK Automation 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 Shanghai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai's standard deviation. In reality, there are many statistical measures that can use Shanghai historical prices to predict the future Shanghai's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shanghai. Your research has to be compared to or analyzed against Shanghai's peers to derive any actionable benefits. When done correctly, Shanghai'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 Shanghai SK Automation.
Shanghai SK Automation Backtested Returns
Shanghai SK Automation owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0862, which indicates the firm had a -0.0862% return per unit of risk over the last 3 months. Shanghai SK Automation exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shanghai's Risk Adjusted Performance of 0.0432, semi deviation of 3.54, and Coefficient Of Variation of 2292.83 to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanghai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai is expected to be smaller as well. At this point, Shanghai SK Automation has a negative expected return of -0.31%. Please make sure to validate Shanghai's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Shanghai SK Automation performance from the past will be repeated at some point in the near future.
Auto-correlation
0.53
Modest predictability
Shanghai SK Automation has modest predictability. Overlapping area represents the amount of predictability between Shanghai time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd 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 Shanghai SK Automation price movement. The serial correlation of 0.53 indicates that about 53.0% of current Shanghai price fluctuation can be explain by its past prices.
Correlation Coefficient
0.53
Spearman Rank Test
0.16
Residual Average
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Price Variance
95.41
Shanghai SK Automation lagged returns against current returns
Autocorrelation, which is Shanghai 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's stock expected returns. We can calculate the autocorrelation of Shanghai returns to help us make a trade decision. For example, suppose you find that Shanghai 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai stock over time.
Current vs Lagged Prices
Timeline
Shanghai Lagged Returns
When evaluating Shanghai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai stock have on its future price. Shanghai 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 autocorrelation shows the relationship between Shanghai stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai SK Automation.
Shanghai 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 security.