SHIMANO INC (Germany) Market Value
| SHM1 Stock | EUR 12.60 0.20 1.61% |
| Symbol | SHIMANO |
SHIMANO INC '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 SHIMANO INC'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 SHIMANO INC.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in SHIMANO INC on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding SHIMANO INC UNSPADR10 or generate 0.0% return on investment in SHIMANO INC over 30 days. SHIMANO INC is related to or competes with ECHO INVESTMENT, Apollo Investment, Sekisui Chemical, SLR Investment, INDO-RAMA SYNTHETIC, and Keck Seng. Shimano Inc. develops, produces, and distributes bicycle components, fishing tackles, and rowing equipment More
SHIMANO INC 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 SHIMANO INC'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 SHIMANO INC UNSPADR10 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.0027 | |||
| Maximum Drawdown | 15.29 | |||
| Value At Risk | (6.57) | |||
| Potential Upside | 4.58 |
SHIMANO INC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SHIMANO INC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SHIMANO INC's standard deviation. In reality, there are many statistical measures that can use SHIMANO INC historical prices to predict the future SHIMANO INC's volatility.| Risk Adjusted Performance | 0.0103 | |||
| Jensen Alpha | 8.0E-4 | |||
| Total Risk Alpha | 0.0255 | |||
| Sortino Ratio | 0.0025 | |||
| Treynor Ratio | (0.02) |
SHIMANO INC UNSPADR10 Backtested Returns
At this point, SHIMANO INC is somewhat reliable. SHIMANO INC UNSPADR10 owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for SHIMANO INC UNSPADR10, which you can use to evaluate the volatility of the company. Please validate SHIMANO INC's risk adjusted performance of 0.0103, and Coefficient Of Variation of 24850.41 to confirm if the risk estimate we provide is consistent with the expected return of 0.0111%. The entity has a beta of -0.0579, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SHIMANO INC are expected to decrease at a much lower rate. During the bear market, SHIMANO INC is likely to outperform the market. SHIMANO INC UNSPADR10 currently has a risk of 2.77%. Please validate SHIMANO INC total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if SHIMANO INC will be following its existing price patterns.
Auto-correlation | 0.14 |
Insignificant predictability
SHIMANO INC UNSPADR10 has insignificant predictability. Overlapping area represents the amount of predictability between SHIMANO INC time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 SHIMANO INC UNSPADR10 price movement. The serial correlation of 0.14 indicates that less than 14.0% of current SHIMANO INC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
SHIMANO INC UNSPADR10 lagged returns against current returns
Autocorrelation, which is SHIMANO INC 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 SHIMANO INC's stock expected returns. We can calculate the autocorrelation of SHIMANO INC returns to help us make a trade decision. For example, suppose you find that SHIMANO INC 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 |
SHIMANO INC 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 SHIMANO INC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SHIMANO INC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SHIMANO INC stock over time.
Current vs Lagged Prices |
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SHIMANO INC Lagged Returns
When evaluating SHIMANO INC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SHIMANO INC stock have on its future price. SHIMANO INC 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, SHIMANO INC autocorrelation shows the relationship between SHIMANO INC stock current value and its past values and can show if there is a momentum factor associated with investing in SHIMANO INC UNSPADR10.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SHIMANO Stock
SHIMANO INC financial ratios help investors to determine whether SHIMANO 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 SHIMANO with respect to the benefits of owning SHIMANO INC security.