Chengdu Xingrong (China) Market Value
| 000598 Stock | 7.13 0.07 0.97% |
| Symbol | Chengdu |
Chengdu Xingrong '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 Chengdu Xingrong'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 Chengdu Xingrong.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Chengdu Xingrong on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Chengdu Xingrong Investment or generate 0.0% return on investment in Chengdu Xingrong over 30 days. Chengdu Xingrong is related to or competes with Sportsoul, Guizhou BroadcastingTV, Lander Sports, Road Environment, China Sports, Hainan Haiqi, and Heilongjiang Transport. Chengdu Xingrong is entity of China. It is traded as Stock on SHE exchange. More
Chengdu Xingrong 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 Chengdu Xingrong'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 Chengdu Xingrong Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 2.0E-4 | |||
| Maximum Drawdown | 14.61 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 4.62 |
Chengdu Xingrong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chengdu Xingrong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chengdu Xingrong's standard deviation. In reality, there are many statistical measures that can use Chengdu Xingrong historical prices to predict the future Chengdu Xingrong's volatility.| Risk Adjusted Performance | 0.0432 | |||
| Jensen Alpha | 0.1243 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 2.0E-4 | |||
| Treynor Ratio | (1.39) |
Chengdu Xingrong Inv Backtested Returns
Chengdu Xingrong appears to be slightly risky, given 3 months investment horizon. Chengdu Xingrong Inv secures Sharpe Ratio (or Efficiency) of 0.0942, which signifies that the company had a 0.0942% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Chengdu Xingrong Investment, which you can use to evaluate the volatility of the firm. Please makes use of Chengdu Xingrong's risk adjusted performance of 0.0432, and Mean Deviation of 1.81 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chengdu Xingrong holds a performance score of 7. The firm shows a Beta (market volatility) of -0.0825, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chengdu Xingrong are expected to decrease at a much lower rate. During the bear market, Chengdu Xingrong is likely to outperform the market. Please check Chengdu Xingrong's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Chengdu Xingrong's price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Chengdu Xingrong Investment has very weak reverse predictability. Overlapping area represents the amount of predictability between Chengdu Xingrong time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Chengdu Xingrong Inv price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Chengdu Xingrong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chengdu Xingrong Inv lagged returns against current returns
Autocorrelation, which is Chengdu Xingrong 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 Chengdu Xingrong's stock expected returns. We can calculate the autocorrelation of Chengdu Xingrong returns to help us make a trade decision. For example, suppose you find that Chengdu Xingrong 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 |
Chengdu Xingrong 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 Chengdu Xingrong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chengdu Xingrong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chengdu Xingrong stock over time.
Current vs Lagged Prices |
| Timeline |
Chengdu Xingrong Lagged Returns
When evaluating Chengdu Xingrong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chengdu Xingrong stock have on its future price. Chengdu Xingrong 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, Chengdu Xingrong autocorrelation shows the relationship between Chengdu Xingrong stock current value and its past values and can show if there is a momentum factor associated with investing in Chengdu Xingrong Investment.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Chengdu Stock
Chengdu Xingrong financial ratios help investors to determine whether Chengdu 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 Chengdu with respect to the benefits of owning Chengdu Xingrong security.