Chengdu Spaceon (China) Market Value
| 002935 Stock | 15.04 0.56 3.59% |
| Symbol | Chengdu |
Chengdu Spaceon '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 Chengdu Spaceon'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 Chengdu Spaceon.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Chengdu Spaceon on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Chengdu Spaceon Electronics or generate 0.0% return on investment in Chengdu Spaceon over 720 days. Chengdu Spaceon is related to or competes with GRIPM Advanced, Nanya New, Epoxy Base, Ningbo Tip, Kunshan Guoli, and Jilin OLED. Chengdu Spaceon is entity of China. It is traded as Stock on SHE exchange. More
Chengdu Spaceon 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 Chengdu Spaceon'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 Chengdu Spaceon Electronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.68 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 3.34 |
Chengdu Spaceon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chengdu Spaceon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chengdu Spaceon's standard deviation. In reality, there are many statistical measures that can use Chengdu Spaceon historical prices to predict the future Chengdu Spaceon's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.61) |
Chengdu Spaceon Elec Backtested Returns
Chengdu Spaceon Elec secures Sharpe Ratio (or Efficiency) of -0.0365, which signifies that the company had a -0.0365 % return per unit of standard deviation over the last 3 months. Chengdu Spaceon Electronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chengdu Spaceon's risk adjusted performance of (0.02), and Mean Deviation of 1.73 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, Chengdu Spaceon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chengdu Spaceon is expected to be smaller as well. At this point, Chengdu Spaceon Elec has a negative expected return of -0.0784%. Please make sure to confirm Chengdu Spaceon's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Chengdu Spaceon Elec performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Chengdu Spaceon Electronics has poor reverse predictability. Overlapping area represents the amount of predictability between Chengdu Spaceon time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 Chengdu Spaceon Elec price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Chengdu Spaceon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 3.18 |
Chengdu Spaceon Elec lagged returns against current returns
Autocorrelation, which is Chengdu Spaceon 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 Chengdu Spaceon's stock expected returns. We can calculate the autocorrelation of Chengdu Spaceon returns to help us make a trade decision. For example, suppose you find that Chengdu Spaceon 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 |
Chengdu Spaceon 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 Chengdu Spaceon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chengdu Spaceon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chengdu Spaceon stock over time.
Current vs Lagged Prices |
| Timeline |
Chengdu Spaceon Lagged Returns
When evaluating Chengdu Spaceon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chengdu Spaceon stock have on its future price. Chengdu Spaceon 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, Chengdu Spaceon autocorrelation shows the relationship between Chengdu Spaceon stock current value and its past values and can show if there is a momentum factor associated with investing in Chengdu Spaceon Electronics.
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 Chengdu Stock
Chengdu Spaceon financial ratios help investors to determine whether Chengdu 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 Chengdu with respect to the benefits of owning Chengdu Spaceon security.