Changzhou Evergreen's market value is the price at which a share of Changzhou Evergreen trades on a public exchange. It measures the collective expectations of Changzhou Evergreen Technology investors about its performance. Changzhou Evergreen is trading at 16.64 as of the 4th of January 2025, a 6.39% up since the beginning of the trading day. The stock's open price was 15.64. With this module, you can estimate the performance of a buy and hold strategy of Changzhou Evergreen Technology and determine expected loss or profit from investing in Changzhou Evergreen over a given investment horizon. Check out Changzhou Evergreen Correlation, Changzhou Evergreen Volatility and Changzhou Evergreen Alpha and Beta module to complement your research on Changzhou Evergreen.
Please note, there is a significant difference between Changzhou Evergreen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Changzhou Evergreen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Changzhou Evergreen'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.
Changzhou Evergreen '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 Changzhou Evergreen'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 Changzhou Evergreen.
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11/05/2024
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In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in Changzhou Evergreen on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Changzhou Evergreen Technology or generate 0.0% return on investment in Changzhou Evergreen over 60 days. Changzhou Evergreen is related to or competes with China State, Poly Real, China Vanke, China Merchants, Huafa Industrial, China International, and Kweichow Moutai. Changzhou Evergreen is entity of China. It is traded as Stock on SHE exchange. More
Changzhou Evergreen 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 Changzhou Evergreen'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 Changzhou Evergreen Technology 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 Changzhou Evergreen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changzhou Evergreen's standard deviation. In reality, there are many statistical measures that can use Changzhou Evergreen historical prices to predict the future Changzhou Evergreen's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Changzhou Evergreen. Your research has to be compared to or analyzed against Changzhou Evergreen's peers to derive any actionable benefits. When done correctly, Changzhou Evergreen'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 Changzhou Evergreen.
Changzhou Evergreen Backtested Returns
Changzhou Evergreen secures Sharpe Ratio (or Efficiency) of -0.0221, which signifies that the company had a -0.0221% return per unit of standard deviation over the last 3 months. Changzhou Evergreen Technology exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Changzhou Evergreen's risk adjusted performance of 0.0519, and Mean Deviation of 2.74 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Changzhou Evergreen are expected to decrease at a much lower rate. During the bear market, Changzhou Evergreen is likely to outperform the market. At this point, Changzhou Evergreen has a negative expected return of -0.0793%. Please make sure to confirm Changzhou Evergreen's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Changzhou Evergreen performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.62
Very good reverse predictability
Changzhou Evergreen Technology has very good reverse predictability. Overlapping area represents the amount of predictability between Changzhou Evergreen time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Changzhou Evergreen price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Changzhou Evergreen price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.62
Spearman Rank Test
-0.68
Residual Average
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Price Variance
2.6
Changzhou Evergreen lagged returns against current returns
Autocorrelation, which is Changzhou Evergreen 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 Changzhou Evergreen's stock expected returns. We can calculate the autocorrelation of Changzhou Evergreen returns to help us make a trade decision. For example, suppose you find that Changzhou Evergreen 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
Changzhou Evergreen 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 Changzhou Evergreen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changzhou Evergreen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changzhou Evergreen stock over time.
Current vs Lagged Prices
Timeline
Changzhou Evergreen Lagged Returns
When evaluating Changzhou Evergreen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changzhou Evergreen stock have on its future price. Changzhou Evergreen 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, Changzhou Evergreen autocorrelation shows the relationship between Changzhou Evergreen stock current value and its past values and can show if there is a momentum factor associated with investing in Changzhou Evergreen 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.
Changzhou Evergreen financial ratios help investors to determine whether Changzhou 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 Changzhou with respect to the benefits of owning Changzhou Evergreen security.