ChengDu Hi (China) Market Value
| 000628 Stock | 52.42 0.43 0.83% |
| Symbol | ChengDu |
ChengDu Hi '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 Hi'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 Hi.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in ChengDu Hi on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding ChengDu Hi Tech Development or generate 0.0% return on investment in ChengDu Hi over 90 days. ChengDu Hi is related to or competes with Medprin Regenerative, Chison Medical, ZYF Lopsking, Xiangyu Medical, China Aluminum, Nanjing Vishee, and Ningbo David. ChengDu Hi is entity of China. It is traded as Stock on SHE exchange. More
ChengDu Hi 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 Hi'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 Hi Tech Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.002 | |||
| Maximum Drawdown | 15.11 | |||
| Value At Risk | (4.64) | |||
| Potential Upside | 4.86 |
ChengDu Hi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ChengDu Hi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ChengDu Hi's standard deviation. In reality, there are many statistical measures that can use ChengDu Hi historical prices to predict the future ChengDu Hi's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | 0.2737 | |||
| Treynor Ratio | (0.51) |
ChengDu Hi Tech Backtested Returns
ChengDu Hi Tech secures Sharpe Ratio (or Efficiency) of -0.0653, which signifies that the company had a -0.0653 % return per unit of standard deviation over the last 3 months. ChengDu Hi Tech Development exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ChengDu Hi's risk adjusted performance of (0.02), and Mean Deviation of 2.24 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ChengDu Hi's returns are expected to increase less than the market. However, during the bear market, the loss of holding ChengDu Hi is expected to be smaller as well. At this point, ChengDu Hi Tech has a negative expected return of -0.2%. Please make sure to confirm ChengDu Hi's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if ChengDu Hi Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
ChengDu Hi Tech Development has modest predictability. Overlapping area represents the amount of predictability between ChengDu Hi time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 ChengDu Hi Tech price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current ChengDu Hi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 9.21 |
ChengDu Hi Tech lagged returns against current returns
Autocorrelation, which is ChengDu Hi 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 Hi's stock expected returns. We can calculate the autocorrelation of ChengDu Hi returns to help us make a trade decision. For example, suppose you find that ChengDu Hi 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 Hi 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 Hi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ChengDu Hi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ChengDu Hi stock over time.
Current vs Lagged Prices |
| Timeline |
ChengDu Hi Lagged Returns
When evaluating ChengDu Hi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ChengDu Hi stock have on its future price. ChengDu Hi 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 Hi autocorrelation shows the relationship between ChengDu Hi stock current value and its past values and can show if there is a momentum factor associated with investing in ChengDu Hi Tech Development.
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 Hi 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 Hi security.