Contemporary Amperex (China) Market Value
| 300750 Stock | 269.79 1.62 0.60% |
| Symbol | Contemporary |
Contemporary Amperex '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 Contemporary Amperex'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 Contemporary Amperex.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Contemporary Amperex on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Contemporary Amperex Technology or generate 0.0% return on investment in Contemporary Amperex over 720 days. Contemporary Amperex is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Contemporary Amperex is entity of China. It is traded as Stock on SHE exchange. More
Contemporary Amperex 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 Contemporary Amperex'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 Contemporary Amperex Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.52 | |||
| Information Ratio | 0.1555 | |||
| Maximum Drawdown | 33.42 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 7.94 |
Contemporary Amperex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Contemporary Amperex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Contemporary Amperex's standard deviation. In reality, there are many statistical measures that can use Contemporary Amperex historical prices to predict the future Contemporary Amperex's volatility.| Risk Adjusted Performance | 0.1378 | |||
| Jensen Alpha | 0.6834 | |||
| Total Risk Alpha | 0.5567 | |||
| Sortino Ratio | 0.1869 | |||
| Treynor Ratio | (8.56) |
Contemporary Amperex Backtested Returns
Contemporary Amperex appears to be very steady, given 3 months investment horizon. Contemporary Amperex secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. By analyzing Contemporary Amperex's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please makes use of Contemporary Amperex's Mean Deviation of 2.76, risk adjusted performance of 0.1378, and Downside Deviation of 3.52 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Contemporary Amperex holds a performance score of 12. The firm shows a Beta (market volatility) of -0.0796, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Contemporary Amperex are expected to decrease at a much lower rate. During the bear market, Contemporary Amperex is likely to outperform the market. Please check Contemporary Amperex's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Contemporary Amperex's price patterns will revert.
Auto-correlation | -0.87 |
Excellent reverse predictability
Contemporary Amperex Technology has excellent reverse predictability. Overlapping area represents the amount of predictability between Contemporary Amperex time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 Contemporary Amperex price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Contemporary Amperex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 1435.63 |
Contemporary Amperex lagged returns against current returns
Autocorrelation, which is Contemporary Amperex 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 Contemporary Amperex's stock expected returns. We can calculate the autocorrelation of Contemporary Amperex returns to help us make a trade decision. For example, suppose you find that Contemporary Amperex 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 |
Contemporary Amperex 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 Contemporary Amperex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Contemporary Amperex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Contemporary Amperex stock over time.
Current vs Lagged Prices |
| Timeline |
Contemporary Amperex Lagged Returns
When evaluating Contemporary Amperex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Contemporary Amperex stock have on its future price. Contemporary Amperex 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, Contemporary Amperex autocorrelation shows the relationship between Contemporary Amperex stock current value and its past values and can show if there is a momentum factor associated with investing in Contemporary Amperex Technology.
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 Contemporary Stock
Contemporary Amperex financial ratios help investors to determine whether Contemporary 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 Contemporary with respect to the benefits of owning Contemporary Amperex security.