Shanghai Newtouch's market value is the price at which a share of Shanghai Newtouch trades on a public exchange. It measures the collective expectations of Shanghai Newtouch Software investors about its performance. Shanghai Newtouch is trading at 14.42 as of the 9th of January 2025, a 2.85% up since the beginning of the trading day. The stock's open price was 14.02. With this module, you can estimate the performance of a buy and hold strategy of Shanghai Newtouch Software and determine expected loss or profit from investing in Shanghai Newtouch over a given investment horizon. Check out Shanghai Newtouch Correlation, Shanghai Newtouch Volatility and Shanghai Newtouch Alpha and Beta module to complement your research on Shanghai Newtouch.
Please note, there is a significant difference between Shanghai Newtouch's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shanghai Newtouch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shanghai Newtouch'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 Newtouch '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 Newtouch'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 Newtouch.
0.00
11/10/2024
No Change 0.00
0.0
In 2 months and 2 days
01/09/2025
0.00
If you would invest 0.00 in Shanghai Newtouch on November 10, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Newtouch Software or generate 0.0% return on investment in Shanghai Newtouch over 60 days. Shanghai Newtouch is related to or competes with Unisplendour Corp, Jiangxi Hengda, Shanghai Shibei, Maccura Biotechnology, Yili Chuanning, Nanjing Putian, and Fiberhome Telecommunicatio. Shanghai Newtouch is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Newtouch 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 Newtouch'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 Newtouch Software 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 Newtouch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Newtouch's standard deviation. In reality, there are many statistical measures that can use Shanghai Newtouch historical prices to predict the future Shanghai Newtouch's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shanghai Newtouch. Your research has to be compared to or analyzed against Shanghai Newtouch's peers to derive any actionable benefits. When done correctly, Shanghai Newtouch'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 Newtouch.
Shanghai Newtouch Backtested Returns
At this point, Shanghai Newtouch is somewhat reliable. Shanghai Newtouch owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0383, which indicates the firm had a 0.0383% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Shanghai Newtouch Software, which you can use to evaluate the volatility of the company. Please validate Shanghai Newtouch's Coefficient Of Variation of (2,692), risk adjusted performance of (0.02), and Variance of 26.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Shanghai Newtouch has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanghai Newtouch are expected to decrease at a much lower rate. During the bear market, Shanghai Newtouch is likely to outperform the market. Shanghai Newtouch right now has a risk of 4.84%. Please validate Shanghai Newtouch mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Shanghai Newtouch will be following its existing price patterns.
Auto-correlation
-0.7
Very good reverse predictability
Shanghai Newtouch Software has very good reverse predictability. Overlapping area represents the amount of predictability between Shanghai Newtouch time series from 10th of November 2024 to 10th of December 2024 and 10th of December 2024 to 9th 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 Newtouch price movement. The serial correlation of -0.7 indicates that around 70.0% of current Shanghai Newtouch price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.7
Spearman Rank Test
-0.69
Residual Average
0.0
Price Variance
2.96
Shanghai Newtouch lagged returns against current returns
Autocorrelation, which is Shanghai Newtouch 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 Newtouch's stock expected returns. We can calculate the autocorrelation of Shanghai Newtouch returns to help us make a trade decision. For example, suppose you find that Shanghai Newtouch 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 Newtouch 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 Newtouch stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Newtouch stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Newtouch stock over time.
Current vs Lagged Prices
Timeline
Shanghai Newtouch Lagged Returns
When evaluating Shanghai Newtouch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Newtouch stock have on its future price. Shanghai Newtouch 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 Newtouch autocorrelation shows the relationship between Shanghai Newtouch stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Newtouch Software.
Shanghai Newtouch 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 Newtouch security.