Shanghai Friendess (China) Market Value
| 688188 Stock | 183.53 1.28 0.69% |
| Symbol | Shanghai |
Shanghai Friendess '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 Friendess' 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 Friendess.
| 12/25/2023 |
| 12/19/2024 |
If you would invest 0.00 in Shanghai Friendess on December 25, 2023 and sell it all today you would earn a total of 0.00 from holding Shanghai Friendess Electronics or generate 0.0% return on investment in Shanghai Friendess over 360 days. Shanghai Friendess is related to or competes with Nanjing Putian, Tianjin Realty, Kangyue Technology, Shenzhen Hifuture, Shenzhen Changfang, Jiangsu Xinning, and Hubei Geoway. Shanghai Friendess is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Friendess 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 Friendess' 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 Friendess Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.0548 | |||
| Maximum Drawdown | 21.98 | |||
| Value At Risk | (4.63) | |||
| Potential Upside | 5.9 |
Shanghai Friendess Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Friendess' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Friendess' standard deviation. In reality, there are many statistical measures that can use Shanghai Friendess historical prices to predict the future Shanghai Friendess' volatility.| Risk Adjusted Performance | 0.0578 | |||
| Jensen Alpha | 0.2282 | |||
| Total Risk Alpha | 0.1309 | |||
| Sortino Ratio | 0.0757 | |||
| Treynor Ratio | (0.42) |
Shanghai Friendess Backtested Returns
Shanghai Friendess appears to be very steady, given 3 months investment horizon. Shanghai Friendess owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0625, which indicates the firm had a 0.0625% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shanghai Friendess Electronics, which you can use to evaluate the volatility of the company. Please review Shanghai Friendess' Coefficient Of Variation of 1591.71, semi deviation of 2.44, and Risk Adjusted Performance of 0.0578 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Friendess holds a performance score of 4. The entity has a beta of -0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shanghai Friendess are expected to decrease at a much lower rate. During the bear market, Shanghai Friendess is likely to outperform the market. Please check Shanghai Friendess' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Friendess' existing price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Shanghai Friendess Electronics has very weak reverse predictability. Overlapping area represents the amount of predictability between Shanghai Friendess time series from 25th of December 2023 to 22nd of June 2024 and 22nd of June 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 Friendess price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Shanghai Friendess price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 499.45 |
Shanghai Friendess lagged returns against current returns
Autocorrelation, which is Shanghai Friendess 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 Friendess' stock expected returns. We can calculate the autocorrelation of Shanghai Friendess returns to help us make a trade decision. For example, suppose you find that Shanghai Friendess 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 Friendess 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 Friendess stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Friendess stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Friendess stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Friendess Lagged Returns
When evaluating Shanghai Friendess' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Friendess stock have on its future price. Shanghai Friendess 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 Friendess autocorrelation shows the relationship between Shanghai Friendess stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Friendess Electronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Friendess 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 Friendess security.