Sinocat Environmental (China) Market Value
| 688737 Stock | 19.68 0.17 0.86% |
| Symbol | Sinocat |
Sinocat Environmental '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 Sinocat Environmental'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 Sinocat Environmental.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Sinocat Environmental on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Sinocat Environmental Technology or generate 0.0% return on investment in Sinocat Environmental over 720 days. Sinocat Environmental is related to or competes with Saurer Intelligent, Dhc Software, Sinofibers Technology, Holitech Technology, New Hope, HMTNew Technical, and Guangzhou KingTeller. Sinocat Environmental is entity of China More
Sinocat Environmental 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 Sinocat Environmental'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 Sinocat Environmental Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.78 | |||
| Information Ratio | 0.1367 | |||
| Maximum Drawdown | 29.14 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 6.38 |
Sinocat Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinocat Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinocat Environmental's standard deviation. In reality, there are many statistical measures that can use Sinocat Environmental historical prices to predict the future Sinocat Environmental's volatility.| Risk Adjusted Performance | 0.136 | |||
| Jensen Alpha | 0.7087 | |||
| Total Risk Alpha | 0.0621 | |||
| Sortino Ratio | 0.1464 | |||
| Treynor Ratio | (1.84) |
Sinocat Environmental Backtested Returns
Sinocat Environmental appears to be somewhat reliable, given 3 months investment horizon. Sinocat Environmental owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting Sinocat Environmental's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please review Sinocat Environmental's Coefficient Of Variation of 597.4, risk adjusted performance of 0.136, and Semi Deviation of 3.15 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinocat Environmental holds a performance score of 14. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sinocat Environmental are expected to decrease at a much lower rate. During the bear market, Sinocat Environmental is likely to outperform the market. Please check Sinocat Environmental's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sinocat Environmental's existing price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Sinocat Environmental Technology has weak reverse predictability. Overlapping area represents the amount of predictability between Sinocat Environmental time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Sinocat Environmental price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Sinocat Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 36.36 |
Sinocat Environmental lagged returns against current returns
Autocorrelation, which is Sinocat Environmental 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 Sinocat Environmental's stock expected returns. We can calculate the autocorrelation of Sinocat Environmental returns to help us make a trade decision. For example, suppose you find that Sinocat Environmental 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 |
Sinocat Environmental 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 Sinocat Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinocat Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinocat Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
Sinocat Environmental Lagged Returns
When evaluating Sinocat Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinocat Environmental stock have on its future price. Sinocat Environmental 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, Sinocat Environmental autocorrelation shows the relationship between Sinocat Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Sinocat Environmental Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sinocat Stock
Sinocat Environmental financial ratios help investors to determine whether Sinocat 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 Sinocat with respect to the benefits of owning Sinocat Environmental security.