Shanghai Junshi (China) Market Value
| 688180 Stock | 29.97 0.13 0.43% |
| Symbol | Shanghai |
Shanghai Junshi '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 Junshi'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 Junshi.
| 10/20/2024 |
| 12/19/2024 |
If you would invest 0.00 in Shanghai Junshi on October 20, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Junshi Biosciences or generate 0.0% return on investment in Shanghai Junshi over 60 days. Shanghai Junshi is related to or competes with Industrial, China Construction, Bank of China, Agricultural Bank, PetroChina, China Mobile, and Ping An. Shanghai Junshi is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Junshi 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 Junshi'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 Junshi Biosciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.0828 | |||
| Maximum Drawdown | 22.42 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 5.91 |
Shanghai Junshi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Junshi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Junshi's standard deviation. In reality, there are many statistical measures that can use Shanghai Junshi historical prices to predict the future Shanghai Junshi's volatility.| Risk Adjusted Performance | 0.0798 | |||
| Jensen Alpha | 0.3218 | |||
| Total Risk Alpha | 0.2444 | |||
| Sortino Ratio | 0.1175 | |||
| Treynor Ratio | 0.4327 |
Shanghai Junshi Bios Backtested Returns
Shanghai Junshi appears to be not too volatile, given 3 months investment horizon. Shanghai Junshi Bios owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shanghai Junshi Biosciences, which you can use to evaluate the volatility of the company. Please review Shanghai Junshi's Semi Deviation of 2.51, risk adjusted performance of 0.0798, and Coefficient Of Variation of 1106.02 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Junshi holds a performance score of 9. The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shanghai Junshi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Junshi is expected to be smaller as well. Please check Shanghai Junshi's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Junshi's existing price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Shanghai Junshi Biosciences has weak reverse predictability. Overlapping area represents the amount of predictability between Shanghai Junshi time series from 20th of October 2024 to 19th of November 2024 and 19th of November 2024 to 19th 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 Junshi Bios price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Shanghai Junshi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Shanghai Junshi Bios lagged returns against current returns
Autocorrelation, which is Shanghai Junshi 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 Junshi's stock expected returns. We can calculate the autocorrelation of Shanghai Junshi returns to help us make a trade decision. For example, suppose you find that Shanghai Junshi 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 Junshi 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 Junshi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Junshi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Junshi stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Junshi Lagged Returns
When evaluating Shanghai Junshi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Junshi stock have on its future price. Shanghai Junshi 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 Junshi autocorrelation shows the relationship between Shanghai Junshi stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Junshi Biosciences.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Junshi 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 Junshi security.