City Development (China) Market Value
| 000885 Stock | 13.17 0.15 1.15% |
| Symbol | City |
City Development '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 City Development'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 City Development.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in City Development on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding City Development Environment or generate 0.0% return on investment in City Development over 90 days. City Development is related to or competes with Quectel Wireless, Eastern Communications, Guangzhou Haige, Wuhan Yangtze, BlueFocus Communication, Changjiang Publishing, and TianJin 712. More
City Development 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 City Development'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 City Development Environment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0553 | |||
| Maximum Drawdown | 6.69 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.21 |
City Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for City Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as City Development's standard deviation. In reality, there are many statistical measures that can use City Development historical prices to predict the future City Development's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.1209 | |||
| Treynor Ratio | 0.0491 |
City Development Env Backtested Returns
City Development Env secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. City Development Environment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm City Development's Mean Deviation of 1.04, standard deviation of 1.33, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning City Development are expected to decrease at a much lower rate. During the bear market, City Development is likely to outperform the market. At this point, City Development Env has a negative expected return of -0.0071%. Please make sure to confirm City Development's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if City Development Env performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
City Development Environment has weak reverse predictability. Overlapping area represents the amount of predictability between City Development time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 City Development Env price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current City Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
City Development Env lagged returns against current returns
Autocorrelation, which is City Development 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 City Development's stock expected returns. We can calculate the autocorrelation of City Development returns to help us make a trade decision. For example, suppose you find that City Development 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 |
City Development 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 City Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if City Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in City Development stock over time.
Current vs Lagged Prices |
| Timeline |
City Development Lagged Returns
When evaluating City Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of City Development stock have on its future price. City Development 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, City Development autocorrelation shows the relationship between City Development stock current value and its past values and can show if there is a momentum factor associated with investing in City Development Environment.
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.Other Information on Investing in City Stock
City Development financial ratios help investors to determine whether City 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 City with respect to the benefits of owning City Development security.