Qingdao Choho (China) Market Value
| 003033 Stock | 36.48 3.32 10.01% |
| Symbol | Qingdao |
Qingdao Choho '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 Qingdao Choho'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 Qingdao Choho.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Qingdao Choho on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Qingdao Choho Industrial or generate 0.0% return on investment in Qingdao Choho over 30 days. Qingdao Choho is related to or competes with Guosheng Financial, AnShan Heavy, Ping An, Hua Xia, Qilu Bank, Allied Machinery, and Panda Financial. Qingdao Choho is entity of China. It is traded as Stock on SHE exchange. More
Qingdao Choho 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 Qingdao Choho'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 Qingdao Choho Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.152 | |||
| Maximum Drawdown | 15.56 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 9.99 |
Qingdao Choho Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qingdao Choho's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qingdao Choho's standard deviation. In reality, there are many statistical measures that can use Qingdao Choho historical prices to predict the future Qingdao Choho's volatility.| Risk Adjusted Performance | 0.117 | |||
| Jensen Alpha | 0.5174 | |||
| Total Risk Alpha | 0.6081 | |||
| Sortino Ratio | 0.1933 | |||
| Treynor Ratio | 0.6805 |
Qingdao Choho Industrial Backtested Returns
Qingdao Choho appears to be very steady, given 3 months investment horizon. Qingdao Choho Industrial maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14 % return per unit of risk over the last 3 months. By analyzing Qingdao Choho's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please evaluate Qingdao Choho's Risk Adjusted Performance of 0.117, coefficient of variation of 674.61, and Semi Deviation of 2.36 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qingdao Choho holds a performance score of 11. The company holds a Beta of 0.74, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Qingdao Choho's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qingdao Choho is expected to be smaller as well. Please check Qingdao Choho's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Qingdao Choho's historical price patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
Qingdao Choho Industrial has below average predictability. Overlapping area represents the amount of predictability between Qingdao Choho time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 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 Qingdao Choho Industrial price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Qingdao Choho price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Qingdao Choho Industrial lagged returns against current returns
Autocorrelation, which is Qingdao Choho 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 Qingdao Choho's stock expected returns. We can calculate the autocorrelation of Qingdao Choho returns to help us make a trade decision. For example, suppose you find that Qingdao Choho 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 |
Qingdao Choho 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 Qingdao Choho stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qingdao Choho stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qingdao Choho stock over time.
Current vs Lagged Prices |
| Timeline |
Qingdao Choho Lagged Returns
When evaluating Qingdao Choho's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qingdao Choho stock have on its future price. Qingdao Choho 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, Qingdao Choho autocorrelation shows the relationship between Qingdao Choho stock current value and its past values and can show if there is a momentum factor associated with investing in Qingdao Choho Industrial.
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 Qingdao Stock
Qingdao Choho financial ratios help investors to determine whether Qingdao 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 Qingdao with respect to the benefits of owning Qingdao Choho security.