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 selling for under 12.60 as of the 24th of December 2024; that is 0.79 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 12.6. 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.
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11/24/2024
No Change 0.00
0.0
In 31 days
12/24/2024
0.00
If you would invest 0.00 in SHIONOGI on November 24, 2024 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 30 days. SHIONOGI is related to or competes with Apple, Apple, Microsoft, Microsoft, and Microsoft. 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.
SHIONOGI LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0234, which indicates the firm had a -0.0234% return per unit of volatility over the last 3 months. SHIONOGI LTD exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SHIONOGI's risk adjusted performance of (0.02), and Variance of 3.74 to confirm the risk estimate we provide. The entity has a beta of 0.042, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SHIONOGI's returns are expected to increase less than the market. However, during the bear market, the loss of holding SHIONOGI is expected to be smaller as well. At this point, SHIONOGI LTD has a negative expected return of -0.0455%. Please make sure to validate SHIONOGI's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if SHIONOGI LTD performance from the past will be repeated at future time.
Auto-correlation
-0.73
Almost perfect reverse predictability
SHIONOGI LTD has almost perfect reverse predictability. Overlapping area represents the amount of predictability between SHIONOGI time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 SHIONOGI LTD price movement. The serial correlation of -0.73 indicates that around 73.0% of current SHIONOGI price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.73
Spearman Rank Test
-0.65
Residual Average
0.0
Price Variance
0.03
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
Thematic Opportunities
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When running SHIONOGI's price analysis, check to measure SHIONOGI's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SHIONOGI is operating at the current time. Most of SHIONOGI's value examination focuses on studying past and present price action to predict the probability of SHIONOGI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SHIONOGI's price. Additionally, you may evaluate how the addition of SHIONOGI to your portfolios can decrease your overall portfolio volatility.