CGN Nuclear (China) Market Value
| 000881 Stock | 8.03 0.06 0.74% |
| Symbol | CGN |
CGN Nuclear '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 CGN Nuclear'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 CGN Nuclear.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in CGN Nuclear on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding CGN Nuclear Technology or generate 0.0% return on investment in CGN Nuclear over 480 days. CGN Nuclear is related to or competes with Fujian Rongji, China Nonferrous, Jiangxi Selon, Qingdao Choho, Chengtun Mining, Shandong Mining, and Jiugui Liquor. CGN Nuclear is entity of China. It is traded as Stock on SHE exchange. More
CGN Nuclear 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 CGN Nuclear'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 CGN Nuclear Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.1211 | |||
| Maximum Drawdown | 14.36 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 4.42 |
CGN Nuclear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CGN Nuclear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CGN Nuclear's standard deviation. In reality, there are many statistical measures that can use CGN Nuclear historical prices to predict the future CGN Nuclear's volatility.| Risk Adjusted Performance | 0.1298 | |||
| Jensen Alpha | 0.4057 | |||
| Total Risk Alpha | 0.019 | |||
| Sortino Ratio | 0.1451 | |||
| Treynor Ratio | 2.61 |
CGN Nuclear Technology Backtested Returns
CGN Nuclear appears to be somewhat reliable, given 3 months investment horizon. CGN Nuclear Technology secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. By reviewing CGN Nuclear's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of CGN Nuclear's risk adjusted performance of 0.1298, and Mean Deviation of 1.86 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CGN Nuclear holds a performance score of 17. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CGN Nuclear's returns are expected to increase less than the market. However, during the bear market, the loss of holding CGN Nuclear is expected to be smaller as well. Please check CGN Nuclear's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether CGN Nuclear's price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
CGN Nuclear Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between CGN Nuclear time series from 19th of August 2023 to 15th of April 2024 and 15th of April 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 CGN Nuclear Technology price movement. The serial correlation of -0.08 indicates that barely 8.0% of current CGN Nuclear price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
CGN Nuclear Technology lagged returns against current returns
Autocorrelation, which is CGN Nuclear 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 CGN Nuclear's stock expected returns. We can calculate the autocorrelation of CGN Nuclear returns to help us make a trade decision. For example, suppose you find that CGN Nuclear 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 |
CGN Nuclear 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 CGN Nuclear stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CGN Nuclear stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CGN Nuclear stock over time.
Current vs Lagged Prices |
| Timeline |
CGN Nuclear Lagged Returns
When evaluating CGN Nuclear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CGN Nuclear stock have on its future price. CGN Nuclear 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, CGN Nuclear autocorrelation shows the relationship between CGN Nuclear stock current value and its past values and can show if there is a momentum factor associated with investing in CGN Nuclear Technology.
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 CGN Stock
CGN Nuclear financial ratios help investors to determine whether CGN 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 CGN with respect to the benefits of owning CGN Nuclear security.