SHIONOGI's market value is the price at which a share of SHIONOGI trades on a public exchange. It measures the collective expectations of SHIONOGI LTD investors about its performance. SHIONOGI is trading at 13.30 as of the 3rd of January 2025, a 0.76 percent increase since the beginning of the trading day. The stock's lowest day price was 13.3. With this module, you can estimate the performance of a buy and hold strategy of SHIONOGI LTD and determine expected loss or profit from investing in SHIONOGI over a given investment horizon. Check out SHIONOGI Correlation, SHIONOGI Volatility and SHIONOGI Alpha and Beta module to complement your research on SHIONOGI.
Please note, there is a significant difference between SHIONOGI's value and its price as these two are different measures arrived at by different means. Investors typically determine if SHIONOGI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SHIONOGI'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.
SHIONOGI '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 SHIONOGI'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 SHIONOGI.
0.00
12/10/2023
No Change 0.00
0.0
In 1 year and 26 days
01/03/2025
0.00
If you would invest 0.00 in SHIONOGI on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding SHIONOGI LTD or generate 0.0% return on investment in SHIONOGI over 390 days. More
SHIONOGI 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 SHIONOGI'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 SHIONOGI LTD 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 SHIONOGI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SHIONOGI's standard deviation. In reality, there are many statistical measures that can use SHIONOGI historical prices to predict the future SHIONOGI's volatility.
At this point, SHIONOGI is not too volatile. SHIONOGI LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0754, which indicates the firm had a 0.0754% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for SHIONOGI LTD, which you can use to evaluate the volatility of the company. Please validate SHIONOGI's risk adjusted performance of 0.021, and Coefficient Of Variation of 4833.54 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. SHIONOGI has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SHIONOGI are expected to decrease at a much lower rate. During the bear market, SHIONOGI is likely to outperform the market. SHIONOGI LTD currently has a risk of 1.33%. Please validate SHIONOGI total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if SHIONOGI will be following its existing price patterns.
Auto-correlation
-0.13
Insignificant reverse predictability
SHIONOGI LTD has insignificant reverse predictability. Overlapping area represents the amount of predictability between SHIONOGI time series from 10th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 3rd 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 SHIONOGI LTD price movement. The serial correlation of -0.13 indicates that less than 13.0% of current SHIONOGI price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.13
Spearman Rank Test
-0.23
Residual Average
0.0
Price Variance
0.25
SHIONOGI LTD lagged returns against current returns
Autocorrelation, which is SHIONOGI 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 SHIONOGI's stock expected returns. We can calculate the autocorrelation of SHIONOGI returns to help us make a trade decision. For example, suppose you find that SHIONOGI 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
SHIONOGI 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 SHIONOGI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SHIONOGI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SHIONOGI stock over time.
Current vs Lagged Prices
Timeline
SHIONOGI Lagged Returns
When evaluating SHIONOGI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SHIONOGI stock have on its future price. SHIONOGI 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, SHIONOGI autocorrelation shows the relationship between SHIONOGI stock current value and its past values and can show if there is a momentum factor associated with investing in SHIONOGI LTD.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
SHIONOGI financial ratios help investors to determine whether SHIONOGI 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 SHIONOGI with respect to the benefits of owning SHIONOGI security.