Shandong Weigao's market value is the price at which a share of Shandong Weigao trades on a public exchange. It measures the collective expectations of Shandong Weigao Group investors about its performance. Shandong Weigao is trading at 3.25 as of the 23rd of July 2025; that is No Change since the beginning of the trading day. The stock's open price was 3.25. With this module, you can estimate the performance of a buy and hold strategy of Shandong Weigao Group and determine expected loss or profit from investing in Shandong Weigao over a given investment horizon. Check out Shandong Weigao Correlation, Shandong Weigao Volatility and Shandong Weigao Alpha and Beta module to complement your research on Shandong Weigao.
Please note, there is a significant difference between Shandong Weigao's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shandong Weigao is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shandong Weigao'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.
Shandong Weigao '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 Shandong Weigao'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 Shandong Weigao.
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04/24/2025
No Change 0.00
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In 3 months and 1 day
07/23/2025
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If you would invest 0.00 in Shandong Weigao on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Shandong Weigao Group or generate 0.0% return on investment in Shandong Weigao over 90 days. Shandong Weigao is related to or competes with ConvaTec Group, Sysmex Corp, Terumo Corp, Elekta AB, Shanghai Pharmaceuticals, Getinge Industrier, and CSPC Pharmaceutical. Shandong Weigao Group Medical Polymer Company Limited engages in the research and development, production, and sale of s... More
Shandong Weigao 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 Shandong Weigao'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 Shandong Weigao Group 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 Shandong Weigao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shandong Weigao's standard deviation. In reality, there are many statistical measures that can use Shandong Weigao historical prices to predict the future Shandong Weigao's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Shandong Weigao. Your research has to be compared to or analyzed against Shandong Weigao's peers to derive any actionable benefits. When done correctly, Shandong Weigao's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Shandong Weigao Group.
Shandong Weigao Group Backtested Returns
Shandong Weigao appears to be very risky, given 3 months investment horizon. Shandong Weigao Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0548, which indicates the firm had a 0.0548 % return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Shandong Weigao Group, which you can use to evaluate the volatility of the company. Please review Shandong Weigao's Semi Deviation of 3.83, coefficient of variation of 1825.82, and Risk Adjusted Performance of 0.0572 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shandong Weigao holds a performance score of 4. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shandong Weigao's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shandong Weigao is expected to be smaller as well. Please check Shandong Weigao's total risk alpha, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Shandong Weigao's existing price patterns will revert.
Auto-correlation
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No correlation between past and present
Shandong Weigao Group has no correlation between past and present. Overlapping area represents the amount of predictability between Shandong Weigao time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 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 Shandong Weigao Group price movement. The serial correlation of 0.0 indicates that just 0.0% of current Shandong Weigao price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
-0.07
Residual Average
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Price Variance
0.04
Shandong Weigao Group lagged returns against current returns
Autocorrelation, which is Shandong Weigao 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 Shandong Weigao's pink sheet expected returns. We can calculate the autocorrelation of Shandong Weigao returns to help us make a trade decision. For example, suppose you find that Shandong Weigao 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
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Shandong Weigao 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 Shandong Weigao pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shandong Weigao pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shandong Weigao pink sheet over time.
Current vs Lagged Prices
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Shandong Weigao Lagged Returns
When evaluating Shandong Weigao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shandong Weigao pink sheet have on its future price. Shandong Weigao 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, Shandong Weigao autocorrelation shows the relationship between Shandong Weigao pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Shandong Weigao Group.
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.
When running Shandong Weigao's price analysis, check to measure Shandong Weigao'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 Shandong Weigao is operating at the current time. Most of Shandong Weigao's value examination focuses on studying past and present price action to predict the probability of Shandong Weigao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shandong Weigao's price. Additionally, you may evaluate how the addition of Shandong Weigao to your portfolios can decrease your overall portfolio volatility.