CSG Holding (China) Market Value
| 200012 Stock | 2.34 0.02 0.85% |
| Symbol | CSG |
CSG Holding '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 CSG Holding'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 CSG Holding.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in CSG Holding on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding CSG Holding Co or generate 0.0% return on investment in CSG Holding over 30 days. CSG Holding is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. CSG Holding is entity of China. It is traded as Stock on SHE exchange. More
CSG Holding 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 CSG Holding'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 CSG Holding Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.88 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.87 |
CSG Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSG Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSG Holding's standard deviation. In reality, there are many statistical measures that can use CSG Holding historical prices to predict the future CSG Holding's volatility.| Risk Adjusted Performance | 0.035 | |||
| Jensen Alpha | 0.0674 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.52) |
CSG Holding Backtested Returns
At this point, CSG Holding is relatively risky. CSG Holding secures Sharpe Ratio (or Efficiency) of 0.0673, which signifies that the company had a 0.0673% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for CSG Holding Co, which you can use to evaluate the volatility of the firm. Please confirm CSG Holding's Risk Adjusted Performance of 0.035, mean deviation of 1.11, and Semi Deviation of 1.28 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. CSG Holding has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CSG Holding are expected to decrease at a much lower rate. During the bear market, CSG Holding is likely to outperform the market. CSG Holding now shows a risk of 1.7%. Please confirm CSG Holding semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if CSG Holding will be following its price patterns.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
CSG Holding Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CSG Holding time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 CSG Holding price movement. The serial correlation of -0.77 indicates that around 77.0% of current CSG Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CSG Holding lagged returns against current returns
Autocorrelation, which is CSG Holding 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 CSG Holding's stock expected returns. We can calculate the autocorrelation of CSG Holding returns to help us make a trade decision. For example, suppose you find that CSG Holding 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 |
CSG Holding 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 CSG Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSG Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSG Holding stock over time.
Current vs Lagged Prices |
| Timeline |
CSG Holding Lagged Returns
When evaluating CSG Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSG Holding stock have on its future price. CSG Holding 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, CSG Holding autocorrelation shows the relationship between CSG Holding stock current value and its past values and can show if there is a momentum factor associated with investing in CSG Holding 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 CSG Stock
CSG Holding financial ratios help investors to determine whether CSG 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 CSG with respect to the benefits of owning CSG Holding security.