SuZhou ChunXing (China) Market Value
| 002547 Stock | 4.48 0.28 5.88% |
| Symbol | SuZhou |
SuZhou ChunXing '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 SuZhou ChunXing'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 SuZhou ChunXing.
| 10/27/2024 |
| 12/26/2024 |
If you would invest 0.00 in SuZhou ChunXing on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding SuZhou ChunXing Precision or generate 0.0% return on investment in SuZhou ChunXing over 60 days. SuZhou ChunXing is related to or competes with Wanhua Chemical, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, Hoshine Silicon, and Zhejiang Juhua. SuZhou ChunXing is entity of China. It is traded as Stock on SHE exchange. More
SuZhou ChunXing 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 SuZhou ChunXing'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 SuZhou ChunXing Precision upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.81 | |||
| Information Ratio | 0.1712 | |||
| Maximum Drawdown | 20.07 | |||
| Value At Risk | (8.55) | |||
| Potential Upside | 10.07 |
SuZhou ChunXing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SuZhou ChunXing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SuZhou ChunXing's standard deviation. In reality, there are many statistical measures that can use SuZhou ChunXing historical prices to predict the future SuZhou ChunXing's volatility.| Risk Adjusted Performance | 0.1518 | |||
| Jensen Alpha | 0.9449 | |||
| Total Risk Alpha | 0.7519 | |||
| Sortino Ratio | 0.1653 | |||
| Treynor Ratio | 0.6796 |
SuZhou ChunXing Precision Backtested Returns
SuZhou ChunXing appears to be risky, given 3 months investment horizon. SuZhou ChunXing Precision owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. By inspecting SuZhou ChunXing's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please review SuZhou ChunXing's Coefficient Of Variation of 558.09, risk adjusted performance of 0.1518, and Semi Deviation of 4.83 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SuZhou ChunXing holds a performance score of 9. The entity has a beta of 1.47, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SuZhou ChunXing will likely underperform. Please check SuZhou ChunXing's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether SuZhou ChunXing's existing price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
SuZhou ChunXing Precision has average predictability. Overlapping area represents the amount of predictability between SuZhou ChunXing time series from 27th of October 2024 to 26th of November 2024 and 26th of November 2024 to 26th 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 SuZhou ChunXing Precision price movement. The serial correlation of 0.44 indicates that just about 44.0% of current SuZhou ChunXing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
SuZhou ChunXing Precision lagged returns against current returns
Autocorrelation, which is SuZhou ChunXing 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 SuZhou ChunXing's stock expected returns. We can calculate the autocorrelation of SuZhou ChunXing returns to help us make a trade decision. For example, suppose you find that SuZhou ChunXing 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 |
SuZhou ChunXing 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 SuZhou ChunXing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SuZhou ChunXing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SuZhou ChunXing stock over time.
Current vs Lagged Prices |
| Timeline |
SuZhou ChunXing Lagged Returns
When evaluating SuZhou ChunXing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SuZhou ChunXing stock have on its future price. SuZhou ChunXing 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, SuZhou ChunXing autocorrelation shows the relationship between SuZhou ChunXing stock current value and its past values and can show if there is a momentum factor associated with investing in SuZhou ChunXing Precision.
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 SuZhou Stock
SuZhou ChunXing financial ratios help investors to determine whether SuZhou 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 SuZhou with respect to the benefits of owning SuZhou ChunXing security.