Shanghai Newtouch (China) Market Value
| 688590 Stock | 22.61 0.45 1.95% |
| Symbol | Shanghai |
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.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Shanghai Newtouch on December 13, 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 90 days. Shanghai Newtouch is related to or competes with Bsm Chemical, HeBei Jinniu, China Eastern, Nuode Investment, Shenzhen Centralcon, Jiangsu Yueda, and Tieling Newcity. 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.
| Downside Deviation | 4.15 | |||
| Information Ratio | 0.0968 | |||
| Maximum Drawdown | 27.19 | |||
| Value At Risk | (6.65) | |||
| Potential Upside | 15.12 |
Shanghai Newtouch Market Risk Indicators
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.| Risk Adjusted Performance | 0.073 | |||
| Jensen Alpha | 0.4824 | |||
| Total Risk Alpha | 1.37 | |||
| Sortino Ratio | 0.1401 | |||
| Treynor Ratio | 2.11 |
Shanghai Newtouch Backtested Returns
Shanghai Newtouch appears to be somewhat reliable, given 3 months investment horizon. Shanghai Newtouch owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0913, which indicates the firm had a 0.0913 % return per unit of risk over the last 3 months. By inspecting Shanghai Newtouch's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please review Shanghai Newtouch's Risk Adjusted Performance of 0.073, semi deviation of 3.92, and Coefficient Of Variation of 1291.88 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Newtouch holds a performance score of 7. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shanghai Newtouch's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shanghai Newtouch is expected to be smaller as well. Please check Shanghai Newtouch's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Newtouch's existing price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Shanghai Newtouch Software has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shanghai Newtouch time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 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 -0.18 indicates that over 18.0% of current Shanghai Newtouch price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 3.69 |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
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.