Sinopec Shanghai (Germany) Market Value
| SGJH Stock | EUR 0.14 0.01 7.69% |
| Symbol | Sinopec |
Sinopec Shanghai '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 Sinopec Shanghai'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 Sinopec Shanghai.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Sinopec Shanghai on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Sinopec Shanghai Petrochemical or generate 0.0% return on investment in Sinopec Shanghai over 30 days. Sinopec Shanghai is related to or competes with Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, Vanguard Funds, and Meli Hotels. Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petrochemical pro... More
Sinopec Shanghai 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 Sinopec Shanghai'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 Sinopec Shanghai Petrochemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.59 | |||
| Information Ratio | 0.0698 | |||
| Maximum Drawdown | 31.52 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 14.29 |
Sinopec Shanghai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinopec Shanghai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinopec Shanghai's standard deviation. In reality, there are many statistical measures that can use Sinopec Shanghai historical prices to predict the future Sinopec Shanghai's volatility.| Risk Adjusted Performance | 0.0748 | |||
| Jensen Alpha | 0.5719 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0379 | |||
| Treynor Ratio | (1.06) |
Sinopec Shanghai Pet Backtested Returns
Sinopec Shanghai appears to be out of control, given 3 months investment horizon. Sinopec Shanghai Pet owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0928, which indicates the firm had a 0.0928% return per unit of risk over the last 3 months. By inspecting Sinopec Shanghai's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please review Sinopec Shanghai's Risk Adjusted Performance of 0.0748, semi deviation of 3.71, and Coefficient Of Variation of 1094.25 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinopec Shanghai holds a performance score of 7. The entity has a beta of -0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sinopec Shanghai are expected to decrease at a much lower rate. During the bear market, Sinopec Shanghai is likely to outperform the market. Please check Sinopec Shanghai's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Sinopec Shanghai's existing price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Sinopec Shanghai Petrochemical has weak reverse predictability. Overlapping area represents the amount of predictability between Sinopec Shanghai time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Sinopec Shanghai Pet price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Sinopec Shanghai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sinopec Shanghai Pet lagged returns against current returns
Autocorrelation, which is Sinopec Shanghai 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 Sinopec Shanghai's stock expected returns. We can calculate the autocorrelation of Sinopec Shanghai returns to help us make a trade decision. For example, suppose you find that Sinopec Shanghai 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 |
Sinopec Shanghai 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 Sinopec Shanghai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinopec Shanghai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinopec Shanghai stock over time.
Current vs Lagged Prices |
| Timeline |
Sinopec Shanghai Lagged Returns
When evaluating Sinopec Shanghai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinopec Shanghai stock have on its future price. Sinopec Shanghai 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, Sinopec Shanghai autocorrelation shows the relationship between Sinopec Shanghai stock current value and its past values and can show if there is a momentum factor associated with investing in Sinopec Shanghai Petrochemical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sinopec Stock
Sinopec Shanghai financial ratios help investors to determine whether Sinopec 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 Sinopec with respect to the benefits of owning Sinopec Shanghai security.