Shimano Inc Adr Stock Market Value
| SMNNY Stock | USD 16.17 0.17 1.06% |
| Symbol | Shimano |
Shimano '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'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 Shimano.
| 04/26/2024 |
| 05/26/2024 |
If you would invest 0.00 in Shimano on April 26, 2024 and sell it all today you would earn a total of 0.00 from holding Shimano Inc ADR or generate 0.0% return on investment in Shimano over 30 days. Shimano is related to or competes with TWC Enterprises, Golden Heaven, Dogness International, OneSpaWorld Holdings, Xponential Fitness, Bowlero Corp, and Parks America. Shimano Inc. develops, produces, and distributes bicycle components, fishing tackles, and rowing equipment More
Shimano 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'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 Shimano Inc ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.1367 | |||
| Maximum Drawdown | 7.9 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.53 |
Shimano Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shimano's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shimano's standard deviation. In reality, there are many statistical measures that can use Shimano historical prices to predict the future Shimano's volatility.| Risk Adjusted Performance | 0.1034 | |||
| Jensen Alpha | 0.2208 | |||
| Total Risk Alpha | 0.154 | |||
| Sortino Ratio | 0.1571 | |||
| Treynor Ratio | 0.2532 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Shimano'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.
Shimano Inc ADR Backtested Returns
Shimano appears to be very steady, given 3 months investment horizon. Shimano Inc ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shimano Inc ADR, which you can use to evaluate the volatility of the company. Please review Shimano's Semi Deviation of 1.14, coefficient of variation of 601.14, and Risk Adjusted Performance of 0.1034 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shimano holds a performance score of 12. The entity has a beta of 1.03, which indicates a somewhat significant risk relative to the market. Shimano returns are very sensitive to returns on the market. As the market goes up or down, Shimano is expected to follow. Please check Shimano's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Shimano's existing price patterns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Shimano Inc ADR has weak reverse predictability. Overlapping area represents the amount of predictability between Shimano time series from 26th of April 2024 to 11th of May 2024 and 11th of May 2024 to 26th of May 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 Shimano Inc ADR price movement. The serial correlation of -0.21 indicates that over 21.0% of current Shimano price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Shimano Inc ADR lagged returns against current returns
Autocorrelation, which is Shimano 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 Shimano's pink sheet expected returns. We can calculate the autocorrelation of Shimano returns to help us make a trade decision. For example, suppose you find that Shimano 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 |
Shimano 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shimano pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shimano pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Shimano Lagged Returns
When evaluating Shimano's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shimano pink sheet have on its future price. Shimano 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 autocorrelation shows the relationship between Shimano pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Shimano Inc ADR.
Regressed Prices |
| Timeline |
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Check out Shimano Correlation, Shimano Volatility and Shimano Alpha and Beta module to complement your research on Shimano. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Shimano Pink Sheet analysis
When running Shimano's price analysis, check to measure Shimano'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 Shimano is operating at the current time. Most of Shimano's value examination focuses on studying past and present price action to predict the probability of Shimano's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shimano's price. Additionally, you may evaluate how the addition of Shimano to your portfolios can decrease your overall portfolio volatility.
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Shimano technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.