Changshu Ruite (China) Market Value

300600 Stock   7.51  0.17  2.21%   
Changshu Ruite's market value is the price at which a share of Changshu Ruite trades on a public exchange. It measures the collective expectations of Changshu Ruite Electric investors about its performance. Changshu Ruite is trading at 7.51 as of the 4th of March 2025, a 2.21 percent decrease since the beginning of the trading day. The stock's open price was 7.68.
With this module, you can estimate the performance of a buy and hold strategy of Changshu Ruite Electric and determine expected loss or profit from investing in Changshu Ruite over a given investment horizon. Check out Changshu Ruite Correlation, Changshu Ruite Volatility and Changshu Ruite Alpha and Beta module to complement your research on Changshu Ruite.
Symbol

Please note, there is a significant difference between Changshu Ruite's value and its price as these two are different measures arrived at by different means. Investors typically determine if Changshu Ruite is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Changshu Ruite's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Changshu Ruite '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 Changshu Ruite'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 Changshu Ruite.
0.00
12/04/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/04/2025
0.00
If you would invest  0.00  in Changshu Ruite on December 4, 2024 and sell it all today you would earn a total of 0.00 from holding Changshu Ruite Electric or generate 0.0% return on investment in Changshu Ruite over 90 days. Changshu Ruite is related to or competes with Nanjing Putian, Quectel Wireless, Anhui Jianghuai, Runjian Communication, BizConf Telecom, Xinjiang Communications, and China Satellite. More

Changshu Ruite 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 Changshu Ruite'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 Changshu Ruite Electric upside and downside potential and time the market with a certain degree of confidence.

Changshu Ruite Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Changshu Ruite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changshu Ruite's standard deviation. In reality, there are many statistical measures that can use Changshu Ruite historical prices to predict the future Changshu Ruite's volatility.
Hype
Prediction
LowEstimatedHigh
5.367.519.66
Details
Intrinsic
Valuation
LowRealHigh
4.136.288.43
Details
Naive
Forecast
LowNextHigh
5.417.579.72
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.527.097.67
Details

Changshu Ruite Electric Backtested Returns

At this point, Changshu Ruite is somewhat reliable. Changshu Ruite Electric secures Sharpe Ratio (or Efficiency) of 0.0271, which signifies that the company had a 0.0271 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Changshu Ruite Electric, which you can use to evaluate the volatility of the firm. Please confirm Changshu Ruite's risk adjusted performance of 0.0183, and Mean Deviation of 1.71 to double-check if the risk estimate we provide is consistent with the expected return of 0.0584%. Changshu Ruite has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0331, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Changshu Ruite are expected to decrease at a much lower rate. During the bear market, Changshu Ruite is likely to outperform the market. Changshu Ruite Electric right now shows a risk of 2.15%. Please confirm Changshu Ruite Electric market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Changshu Ruite Electric will be following its price patterns.

Auto-correlation

    
  -0.6  

Good reverse predictability

Changshu Ruite Electric has good reverse predictability. Overlapping area represents the amount of predictability between Changshu Ruite time series from 4th of December 2024 to 18th of January 2025 and 18th of January 2025 to 4th 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 Changshu Ruite Electric price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Changshu Ruite price fluctuation can be explain by its past prices.
Correlation Coefficient-0.6
Spearman Rank Test-0.6
Residual Average0.0
Price Variance0.07

Changshu Ruite Electric lagged returns against current returns

Autocorrelation, which is Changshu Ruite 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 Changshu Ruite's stock expected returns. We can calculate the autocorrelation of Changshu Ruite returns to help us make a trade decision. For example, suppose you find that Changshu Ruite 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  

Changshu Ruite 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 Changshu Ruite stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changshu Ruite stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changshu Ruite stock over time.
   Current vs Lagged Prices   
       Timeline  

Changshu Ruite Lagged Returns

When evaluating Changshu Ruite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changshu Ruite stock have on its future price. Changshu Ruite 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, Changshu Ruite autocorrelation shows the relationship between Changshu Ruite stock current value and its past values and can show if there is a momentum factor associated with investing in Changshu Ruite Electric.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Changshu Stock

Changshu Ruite financial ratios help investors to determine whether Changshu 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 Changshu with respect to the benefits of owning Changshu Ruite security.