Shionogi Co Stock Market Value
| SGIOF Stock | USD 43.89 2.67 5.73% |
| Symbol | Shionogi |
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 pink sheet 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.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in Shionogi on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding Shionogi Co or generate 0.0% return on investment in Shionogi over 90 days. Shionogi is related to or competes with Trulieve Cannabis, and Cronos. Shionogi Co., Ltd. engages in the research, development, manufacture, and distribution of pharmaceuticals, diagnostic re... 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 pink sheet 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 Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 7.42 | |||
| Value At Risk | (2.66) |
Shionogi Market Risk Indicators
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.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (8.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Shionogi's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Shionogi Backtested Returns
Shionogi owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.26, which indicates the firm had a -0.26% return per unit of risk over the last 3 months. Shionogi Co exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shionogi's Risk Adjusted Performance of (0.14), coefficient of variation of (425.67), and Variance of 1.39 to confirm the risk estimate we provide. The entity has a beta of 0.0353, 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 has a negative expected return of -0.31%. Please make sure to validate Shionogi's value at risk, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Shionogi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Shionogi Co has good predictability. Overlapping area represents the amount of predictability between Shionogi time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 price movement. The serial correlation of 0.72 indicates that around 72.0% of current Shionogi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.8 |
Shionogi lagged returns against current returns
Autocorrelation, which is Shionogi pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shionogi pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shionogi pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Shionogi Co.
Regressed Prices |
| Timeline |
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Other Information on Investing in Shionogi Pink Sheet
Shionogi financial ratios help investors to determine whether Shionogi Pink Sheet 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.