Changzhou Almaden (China) Market Value
| 002623 Stock | 15.46 0.25 1.64% |
| Symbol | Changzhou |
Changzhou Almaden '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 Almaden'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 Almaden.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Changzhou Almaden on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Changzhou Almaden Co or generate 0.0% return on investment in Changzhou Almaden over 90 days. Changzhou Almaden is related to or competes with Shaanxi Construction, Shenzhen, Allied Machinery, Huizhou Speed, Caihong Display, Queclink Wireless, and Gifore Agricultural. Changzhou Almaden is entity of China. It is traded as Stock on SHE exchange. More
Changzhou Almaden 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 Almaden'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 Almaden Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.72 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.28 |
Changzhou Almaden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changzhou Almaden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changzhou Almaden's standard deviation. In reality, there are many statistical measures that can use Changzhou Almaden historical prices to predict the future Changzhou Almaden's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | 0.1033 | |||
| Treynor Ratio | 1.32 |
Changzhou Almaden Backtested Returns
Changzhou Almaden secures Sharpe Ratio (or Efficiency) of -0.0782, which signifies that the company had a -0.0782 % return per unit of standard deviation over the last 3 months. Changzhou Almaden Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Changzhou Almaden's mean deviation of 1.46, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0999, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Changzhou Almaden are expected to decrease at a much lower rate. During the bear market, Changzhou Almaden is likely to outperform the market. At this point, Changzhou Almaden has a negative expected return of -0.13%. Please make sure to confirm Changzhou Almaden's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Changzhou Almaden performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Changzhou Almaden Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Changzhou Almaden 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 Changzhou Almaden price movement. The serial correlation of -0.16 indicates that over 16.0% of current Changzhou Almaden price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Changzhou Almaden lagged returns against current returns
Autocorrelation, which is Changzhou Almaden 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 Almaden's stock expected returns. We can calculate the autocorrelation of Changzhou Almaden returns to help us make a trade decision. For example, suppose you find that Changzhou Almaden 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 Almaden 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 Almaden stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changzhou Almaden stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changzhou Almaden stock over time.
Current vs Lagged Prices |
| Timeline |
Changzhou Almaden Lagged Returns
When evaluating Changzhou Almaden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changzhou Almaden stock have on its future price. Changzhou Almaden 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 Almaden autocorrelation shows the relationship between Changzhou Almaden stock current value and its past values and can show if there is a momentum factor associated with investing in Changzhou Almaden Co.
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 Changzhou Stock
Changzhou Almaden 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 Almaden security.